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Personal Banking >
Loans >
Secured Overdrafts
Secured Overdrafts
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Unlock your assets for extra cash
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A secured line of credit that comes in handy when you need that little extra cash.
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Up to 100% Financing*
Now you can make your assets work harder for you. With UOB Secured Overdraft, you’ll have extra cash of up to 100% of your asset value* when you pledge them as collateral with UOB.
Types of Assets Accepted:
• Fixed Deposits
• Structured Deposits
• Approved Stocks and Shares
• Approved Unit Trusts
• UOB Life Policies (single premium insurance)
Low Interest Rate*
With interest rates from as low as our prime lending rate*, you’ll have extra cash to fulfill your plans – seize an investment opportunity, start a business venture, payoff an existing loan or use it for any purpose, without having to liquidate your assets!
* Financing quantum and interest rate will vary according to the type of collateral provided. Terms and conditions apply.
No Minimum Monthly Repayment
What’s more, interest is charged only on the amount used. With no minimum monthly repayment, you can manage your cash flow with greater financial flexibility and peace of mind.
No Minimum Deposit & Fall-Below Fees
UOB Secured Overdraft comes with a cheque book and an ATM card which gives you instant access to cash at over 877,000 ATMs worldwide. You’ll also enjoy total convenience with no minimum deposit required in your current account and a waiver of the account fall-below fees.
Phone Banking or Internet Banking Services
For greater access to funds, apply for our Phone Banking or Internet Banking services which will enable you to pay bills, transfer funds, check account balances, make enquires on cheque status and more!
What are the requirements?
- You must be at least 21 years old
How do I apply?
Application is easy. There is no annual fee, processing fee or salary requirement.
- Visit any UOB Group Branch and speak with our friendly Bankers on your financing requirements today!
Where can I get more information?
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