Funds 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% |
5.27% |
|
12
|
Online exclusive
4.50% 4.28% |
Online exclusive
5.20% 4.95% |
Online exclusive
5.06% 4.82% |
^Processing fees apply.
*The Effective Interest Rate (EIR) is calculated based on an approved funds transfer amount of S$10,000 with 3%/2.5% of monthly minimum repayment (for Cards Funds Transfer and CashPlus Funds Transfer respectively) and full repayment of the funds 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 funds transfer amount and is valid from the date the bank approves the funds transfer request and ends when the approved funds 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 FundsTransfer) or prevailing CashPlus interest rate (CashPlus Funds Transfer) shall apply or such other rates as the bank may stipulate from time to time at its absolute discretion.
