UOB has partnered with Stellar Lifestyle, the business arm of SMRT Corporation, to support Stellar Lifestyle tenants across the SMRT train station retail network with tailored banking solutions.
Through this programme, retail and F&B businesses in Singapore can reduce the upfront financial costs when they set up shops or renew their existing tenant leases within SMRT train stations.
The programme also enables tenants to free up cash flow, set up their shops with ease, and manage renovation costs and other operational needs.
Place your rental security deposit with a UOB Banker’s Guarantee
To meet the security deposit requirement in the tenancy contract, eligible tenants of Stellar Lifestyle may choose to use a Banker’s Guarantee instead of pledging cash.
This will enable tenants to free up funds that would otherwise be tied up for the entire lease duration.
Are you a tenant of Stellar Lifestyle?
Apply for a UOB Banker’s Guarantee here to enjoy a lower fee2
In addition, tenants of Stellar Lifestyle may enjoy preferential rates from UOB on a suite of banking and digital solutions:
- UOB eBusiness Account1
- Public liability insurance3
- Working capital financing4
- NETS POS terminals5
- Singtel Broadband for your shop5
- Xero Accounting software5
Ready to connect to easier business banking?
Leave an enquiry here to find out more about our tailored programme and preferential rates for Stellar Lifestyle tenants. We will be in touch with you within 3 business days.
Frequently Asked Questions
A Banker’s Guarantee is a commitment made by UOB on behalf of you (i.e. tenant of Stellar Lifestyle) to fulfil a financial obligation if your business is unable to do so.
It is a form of assurance to your landlord or managing agent (i.e. Stellar Lifestyle) that they would receive payment or compensation in the event of non-payment or unforeseen disruptions.
A Rental Guarantee, is a type of Banker’s Guarantee that is used in place of cash for your rental security deposit. Learn how you can use a Rental Guarantee as a security deposit for a store lease.
You may submit your interest to UOB via the online form and indicate any one of your UEN and shop address based within SMRT’s premises. UOB will follow up with you directly.
Your company will be required to place your security deposit in cash with Stellar Lifestyle, or any other form of security deposit which Stellar Lifestyle requires from you.
