The UOB Group has banking arms in almost every Asian country and is a leading Asian bank. UOB Singapore offers financial products are services ranging from loans, investment and insurance to corporate and private banking. UOB personal loans are easy to apply for and have flexible and customer-friendly terms.
Atleast 21 years
Less than 60 Years
Salaried or self-employed
with regular income
Earn more than the minimum
Minimum income required
annual income of S$30,000
EMIs of other loans lower your eligibility
Pay off your credit card bills
Choose longer tenure loan up to 5 Years
|Interest Rate||8.00% p.a|
|Min Loan Amount||S$1,000|
|Minimum Income||S$30,000 p.a|
|Tenure||1 - 5 Years|
Here are some reasons for you to select a UOB personal loan for your financial needs:
UOB has several kinds of personal loan options. They are:
You need to meet the following eligibility parameters to get a UOB personal loan:
The documents you would require for a personal loan are:
UOB is offering shopping vouchers worth S$600 if the Debt Consolidation Plan amount is S$75,000 or more. This offer is valid until 30th June 2017 only for the first 150 approved applicants.
The interest rates for various UOB personal loan products are listed in the table below:
|Product||Tenure||Processing fee||Flat rate (p.a.)||Effective Interest Rate (EIR p.a.)|
UOB Personal Loan
(Valid only until 30th July 2017)
|UOB CashPlus||All tenures||NA||6%||NA|
|UOB CashPlus Funds Transfer||3 months||1.49%||NA||6.08%|
|UOB Secured Overdraft||All tenures||NA||Starting from prime lending rate of 5% (as on 21st April, 2017)||NA|
|UOB Debt Consolidation Plan||Up to 6 years||NA||6%||10.72%|
UOB offers EMI Calculator and Debt Consolidation Plan calculators on its website. An EMI (Equated Monthly Instalment) Calculator is a financial tool that help you identify how much monthly repayment you would need to make on the loan amount you’re taking and the prevailing interest rate. A Debt Consolidation Plan Calculator helps you determine how much loan you would have to take to combine your debts and how much savings you will make on the consolidated loan as against the payments of all the existing loans.
To use the UOB EMI Calculator, you need to enter the loan amount and tenure. For example, if you want to take a loan of S$10,000 for a period of 5 years, the calculator will tell you that your monthly repayment amount will be S$220 and the processing fee will be S$180.
For the Debt Consolidation Plan Calculator, you need to enter the total outstanding loan balances your monthly salary, and the loan duration. For example, if you have a current debt of S$25,000, your salary is S$3,000 per month and you want a Debt Consolidation Loan of 6 years, then the calculator will tell you that on your new loan of S$25,000, your effective interest rate will be 13.35%, the monthly repayment amount would be S$506.48, and the total interest payable on the loan would be S$11,466.75.
You need to have a UOB credit card to apply for a personal loan with the bank. The application can be done in the following ways:
Runtime - This promotion is valid from May 16, 2017 to June 30, 2017.
Particulars - There are two promotional offers right now:
• New UOB credit card or CashPlus customers applying for UOB personal loan can get an interest rate starting from 4.38% p.a. and a waiver of processing fee, resulting in an effective interest rate of 8.20% p.a.
• With a minimum approved loan amount of S$10,000 and a minimum loan tenure of 3 years, you will get Dairy Farm Gift Vouchers worth S$100.
Terms and Conditions
• Applicants will receive the Dairy Farm Gift Vouchers within 60 days of loan disbursement.
• Dairy Farm Gift vouchers are accepted at Market Place, Cold Storage, Giant, Jasons, 7-Eleven and Guardian.
The United Overseas Bank (UOB) has initiated the UOB KidSmart Programme to assist parents in exploring and cultivating their children’s talents. This scheme aims to achieve its goal by applying the MIDAS (Multiple Intelligences Developmental Scales) aptitude evaluation tool.
According to UOB, parents can start preparing for their child’s future early if their child’s real talent is known. When a child’s aspirations are discovered, a parent can invest in relevant financial plans accurately.
This programme was introduced as data from The UOB Understanding Young Families Survey showed that nearly all parents who took the survey considered it important to find out their children’s natural abilities for a successful career.
The top officials of UOB hold that this project is well-timed because jobs are giving more prominence to aspects such as creativity and critical thinking solutions.
10th November 2016
The collaboration between the financial technology firms and banks can play a huge part in mending the small company funding. Two leading banks of Singapore, United Overseas Bank and DBS Bank has tied up with fintechs in order to help the smaller organisations. Their use of new technology for reaching out to the SME (Small and Medium-Sized Enterprises) section has taken a step ahead of their competitors.
A study suggests that in Singapore, approximately 60 percent of the SMEs depend on loans offered by banks for financing. The representative of DBS Bank stated that they have more than two hundred Small and Medium-Sized Enterprises in the loan pipeline.
09th May 2016
On 3 Feb, 2016, 60 staff members of UOB along with other volunteers cooked and distributed meals for the elderly and needy at Willing Hearts' soup kitchen. They cooked 5,000 meals in total and the staff members of UOB included many of the senior managers of the bank. The other volunteers included around 30 businessmen from Singapore. These volunteers spend around 6 hours for cooking the food at the Soup Kitchen that is located at Jalan Ubi, Geylang. Some of the clients of UOB also participated in this noble activity organized by the bank.
04th February 2016
UOB becomes the first bank in the Asia Pacific region to roll out the Token Service powered by Visa. It is a new technology that offers enhanced security by replacing sensitive information related to the cards that are used for making payments (debit cards credit cards etc.) such as the expiration date, security code and 16 digit with a ‘token’ or a unique digital identifier. This token can then be used to process payments without revealing the details about the card account.
The customers of UOB can use the Visa Token Service with the help of the Mighty app from UOB. UOB visa cardholders can use this app for making payments with their Android smartphones that are NFC-enabled.
14th December 2015
Now, you can get rewarded for referring your friends to United Overseas Bank. If they apply for the loan products offered by UOB, you can get up to SGD 1,000 as gifts for each referral. You should be an existing customer of UOB to be eligible for this offer and you will only need to submit your friends’ contact number to UOB, in order to refer them. Here is a brief illustration of the rewards that you can get as referral bonus:
• For approved loan amounts of less than SGD 1 million, you will get SGD 300 worth NETS FlashPay Card from UOB.
• For approved loan amounts of SGD 1 million to SGD less than SGD 3 million, you will get SGD 750 worth NETS FlashPay Card from UOB.
• For approved loan amounts of SGD 3 million or more, you will get SGD 1,000 worth NETS FlashPay Card from UOB.
Apply for UOB CashPlus today and enjoy very low interest rates for a limited period of time. In fact, you will be offered very competitive and comparatively low rates. The processing fee for the loan will be as low as 1.5 percent. For a minimum approved loan amount of SGD 10,000, the interest rates, processing fee and tenure that you can avail are as follows:
• Interest rate of 10.61 percent for a tenure of 12 months, with no processing fee
• Interest rate of 9.46 percent for a tenure of 24 months, with a processing fee of 1.5 percent and a flat rate of 4.25 percent
• Interest rate of 8.99 percent for a tenure of 36 months, with no processing fee
If you are one of the initial 300 approved customers for UOB Personal Loan, you will enjoy SGD 160 worth of dining vouchers or SGD 500 worth staycation from the bank.
• With a minimum approved loan amount of SGD 8,000 you will get SGD 160 worth of dining vouchers for Marriott Café.
• With a minimum approved loan amount of SGD 15,000 you will get SGD 500 worth of stay in a Deluxe Room at Pan Pacific Singapore.
Please contact the bank to learn about the applicable terms and conditions for these promotions.
The United Overseas Bank (UOB) donated $16.6 million to various Charities in Singapore as part of its Corporate Social Responsibility (CSR) initiatives and to celebrate the 80th birthday of its inception on 11 Dec, 2015. UOB is one of the local banks in Singapore and is also one of the biggest banks in the world with assets worth billions of dollars. The money was divided among local charitable organisations in the Lion City that support children, the elderly and people with special needs.
The bank announced that the Lion’s share of the amount ($11.8 million) will be donated to the Community Chest for helping people with disabilities, and the Care and Share Movement will receive $2 million and this amount will then be disbursed to those voluntary organisations that work for the welfare of the elderly. The rest of the amount will be donated to the PAP Community Foundation along with other organisations that support art, education and welfare of the children. This amount of $16.6 million will be an addition to the $3.57 million that the bank already donated earlier in 2015 to the Community Chest.
UOB further announced that its combined donation of $17.37 million which was given to the Care and Share Movement and Community Chest is the highest amount donated by any private donor in 2015.
14th December 2015
Wealth managers plan to target professionals while they are young in a hope that they will eventually start using the premium banking services when there is a development in their careers. These professionals as also called the mass affluent who earn more than S$6000 per month.
According to banks, this mass affluent segment is growing fast in the developing markets. Charles Wong, Citibank’s Retail Banking Head said that this group of customers generally fall between an age group of 25 and 40 years and are upwardly mobile and well- educated. He also said that customers will get exclusive invites for events which are specially designed for them.
Citibank has converted a lot of its Citigold customers who have an AUM of SGD 2, 00, 000 and more from ordinary banking to primary banking customers. UOB is targeting people who possess SGD 1, 00, 000 to SGD 3, 50, 000 worth invisible assets. OCBC is focused on customers who have more than SGD 2, 00, 000 AUM while DBS Treasures is concentrating on people with at least SGD 3, 50, 000 AUM.
UOB is one of the first banks to start this service having around 50,000 customers today. According to the Personal Finance Services Head of UOB, Dennis Khoo, young professionals have a very high potential to earn but they do not have that many assets, which makes it difficult for them to take help from the relationship manager. He says that their concerns are mainly focused around lifestyle.
Even in the present volatile market, Singapore banks are trying to grow their businesses and OCBC, UOB and DBS, all have earned money in the first half of this year in their wealth management sector.
02nd October 2015
United Overseas Bank intends to increase the number of relationship managers before the year ends. The head of UOB’s private banking sector said they aim at making more profits in this lucrative market. The number of relationship managers would go up from 50 to 100, providing better service to their customers.
24th September 2015