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UOB Overdraft

UOB Overdraft

Access extra funds anytime you need it. Pay interest only on the amount you use.

Ease short-term cash flow with a revolving line of credit

Unlock additional funding with your assets

Unlock additional funding with your assets

Your existing fixed deposits or properties can be used as secured collateral.

Pay only for what you use

Pay only for what you use

Enjoy low interest rates and flexible repayment with no fixed tenor.

Enjoy peace of mind with a revolving line of credit

Enjoy peace of mind with a revolving line of credit

Draw down on extra funds anytime with easy access via a UOB SGD or USD current account.

Ready to apply? Submit your form in less than 5 minutes.

Ready to apply?
Submit your form in less than 5 minutes.

  • Log in to Myinfo business
    1
    Log in to Myinfo business
  • Add your business details
    2
    Add your business details
  • Verify your submission
    3
    Verify your submission
  • We'll respond in 2 days
    4
    We'll respond in 2 days

Frequently asked questions

What is UOB Overdraft?
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This is a revolving line of credit. You only need to apply once before drawing down on your extra funds anytime. Funds will be loaded into your corporate UOB SGD or USD account.

Unlike a term loan, there is no regular monthly repayment plan that includes the principle plus interest.

There is no fixed tenor or principal repayment amount.

You only pay interest for the utilised amount.

Let's use a S$100,000 overdraft limit as an example to explain how interest is being derived: 

You draw down on a S$100,000 limit and top up the account after 30 days.
Interest Calculation (assuming an interest of 6.5%):
(S$100,000 X 6.5%) / 365 days X 30 days = S$535

You can apply for both secured and unsecured overdraft facilities. Secured collaterals can be in the form of existing commercial/business property and fixed deposits.

UOB Overdraft is available to the following companies:

  • Sole Proprietor, Partnership, or Private Limited Company
  • Registered and operating in Singapore for 3 years
  • At least 30% local shareholding

Apply online via Myinfo business and we'll get in touch within 2 business days1.

1For enquiries that reach UOB within the Stipulated Timing. “Business Day” is defined as Mondays to Fridays (Singapore date and time, and excluding Singapore and bank public holidays). “Stipulated Timing” is defined as 8am to 8pm from Mondays to Saturdays (Singapore date and time, and excluding Singapore and bank public holidays). For enquiries that reach UOB at times other than the Stipulated Timing, we will contact you within three Business Days after UOB receives your enquiries.

Terms and conditions of the overdraft facilities apply.

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