Balance Transfer at 0%^ interest rate
|
Loan tenor
(Months)
|
Processing fee
(%)
|
Effective interest rate (% p.a)
with UOB Credit Cards*
|
Effective interest rate (% p.a)
with UOB CashPlus*
|
|
6
|
2.50% |
5.34% |
5.20% |
|
12
|
Online exclusive
4.50% 4.28% |
Online exclusive
5.20% 4.95% |
Online exclusive
4.92% 4.69% |
*The Effective Interest Rate (EIR) is calculated based on an approved balance transfer amount of S$10,000 with 3%/2% of monthly minimum repayment (for Cards Balance Transfer and CashPlus Balance Transfer respectively) and full repayment of the balance transfer amount outstanding at the end of the promotional period. Effective interest rate is subjected to compounding if the monthly interest charges are not paid in full. The promotional interest rate is applicable only to approved balance transfer amount and is valid from the date the bank approves the balance transfer request and ends when the approved balance transfer amount is fully paid or on the last day of the promotional tenor, whichever earlier. Thereafter, the prevailing cash advance interest rate (Credit Cards BalanceTransfer) or prevailing CashPlus interest rate (CashPlus Balance Transfer) shall apply or such other rates as the bank may stipulate from time to time at its absolute discretion.
Your savings at a glance:
Other bank's credit card
 |
UOB Balance Transfer
 |
Outstanding amount on
other bank's credit card |
S$10,000 |
Outstanding amount on
UOB Balance Transfer |
S$10,000 |
Your interest rate for
12 months |
26% p.a. |
Your interest rate for
12 months |
0% |
Interest payable on
other bank's credit card |
S$2,600 |
One-time processing fee:
4.28% for 12-month loan |
S$428 |
| |
|
YOU SAVE |
S$2,172 |
