Property Equity Financing

  • property-equity-financingproperty-equity-financing

    Unlock the value of your property to get cash

  • Go Green Home LoanGo Green Home Loan

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    Designed to support your needs not only for sustainable living but reducing ownership costs too.

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  • SORASORA

    Home with SORA

    Welcome to the UOB 3-Month Compounded SORA Home Loan package that gives you better control of your finances.

    SORA

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Announcement: With effect from 1 July 2021, United Overseas Bank Limited (“the Bank”) will shorten the redemption notice period for property loans secured by all types of Singapore properties from current three (3) months to two (2) months. Please click here for details.

 

Have you thought of how your private or commercial property can get you cash?

Tap the enhanced value of your property to make the most of it.

As you repay your mortgage, you will gradually build up equity in your property. An increase in your property value can also increase the equity that you can take advantage of. You can borrow against that equity when you need cash, using a term loan, an overdraft (for commercial property only) or a combination of both.

 

 

Property equity financing enables you to obtain funds to meet your financial needs and goals. By tapping the equity in your property, you can take advantage of lower interest rates and use the money for whatever needs that arise.

Property equity term loans give you cash in a single upfront payment. You can manage your finances with more certainty as you can repay the term loan on a monthly basis, comprising the loan principal and interest. If you know exactly how much you need to borrow, a property equity term loan may be the best option.

Property equity overdrafts (for commercial property only) allow you to have cash on standby and you can draw down the standby cash as and when you need to, up to a maximum overall facility limit. You pay interest only on what you actually draw down. You also decide how much loan principal to repay at any time, without worrying about penalty fees.

 

 

Home Loan Packages

 

Choose from our wide range of loan packages to suit your financing needs.
Enjoy flexible options to pay down your loan partially or customise your loan to ensure you get the most out of it.

  2 Year Fixed Rate 2 Year Fixed Rate
(For New Loans Only)
Floating Rate SORA
Special Features
  • 1 free conversion after 24 months from the date of first disbursement.
  • Flexibility to prepay your loan / sell your property.
  • 1 free conversion after 24 months from the date of first disbursement.
  • Flexibility to prepay your loan / sell your property.
  • 1 free conversion if ML increases during the lock-in period.
  • Flexibility to prepay your loan / sell your property.
  • 1 free conversion after 12 months from the date of first disbursement.
Year 1 1.40% p.a. (fixed) 1.30% p.a. (fixed) ML + 0.65% p.a. 3M Compounded SORA + 0.80% p.a.
Year 2 1.40% p.a. (fixed) 1.30% p.a. (fixed) ML + 0.65% p.a. 3M Compounded SORA + 0.98% p.a.
Year 3 3M Compounded SORA + 1.30% p.a. 3M Compounded SORA + 1.30% p.a. ML + 0.65% p.a. 3M Compounded SORA + 1.60% p.a.
Year 4 and thereafter 3M Compounded SORA + 1.60% p.a. 3M Compounded SORA + 1.60% p.a. ML + 0.65% p.a. 3M Compounded SORA + 1.60% p.a.
Lock in period 2 years 2 years 2 years 2 years
Other benefits Submit your application online & our banker will be in touch with you to share more on our limited time promotional offers, including rewards of up to S$3,200. Valid only for direct applications without third party referrals. T&Cs apply.
Additional notes Promotional rates are available for a limited period and only valid for completed residential properties in Singapore, for your new purchase or refinancing from another bank/HDB.
Rate for Year 3 & thereafter is pegged to the 3-month Compounded SORA that is published on MAS' website. It is currently at 0.1835% p.a. (as at 20 Apr 2021). Find out more on SORA. Rate for Year 3 & thereafter is pegged to the 3-month Compounded SORA that is published on MAS' website. It is currently at 0.1835% p.a. (as at 20 Apr 2021). Find out more on SORA. Pegged to the Bank’s Board Rate that is calculated based on factors affecting the Bank's cost of business which include but are not limited to market rates, funding costs, credit costs, and acquisition costs. The current ML is at 0.85% p.a. Pegged to the 3-month Compounded SORA that is published on MAS' website.  It is currently at 0.1368% p.a. (as at 13 Jul 2021). Find out more on SORA.

 

3M Compounded SORA refers to the 3-Month Compounded SORA that is published on MAS’ website.  It is currently at 0.1368% p.a. (as at 13 Jul 2021). Find out more on SORA.

  • Above rates quoted are indicative and valid for completed residential properties in Singapore, for new purchase or refinancing from another bank/HDB.
  • Rates are subject to min. loan size.
  • Rates and benefits will only be confirmed upon issuance of Letter of offer. The Letter of Offer shall contain such terms and conditions as UOB may require in relation to each property loan.
  • Rates and benefits are subject to changes without prior notice.

Submit your loan application online now and our banker will be in touch with you to share more about the 3-Month compounded SORA Home Loan package.

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Illustration of 3-Month Compounded SORA

The 3-Month Compounded SORA is updated every 3 months.

 

 

D% and E% are 3-Month Compounded* SORA published by MAS on 4 Mar 2021 and 4 Jun 2021 respectively.

 

Find out more on how SORA works here

 

*Further reading material on use of SORA in financial contracts:
Association of Banks Singapore, SIBOR REFORM AND THE FUTURE LANDSCAPE FOR SGD INTEREST RATE BENCHMARKS, 29 July 2020 https://abs.org.sg/docs/library/sibor-reform-and-the-future-landscape-for-sgd-interest-rate-benchmarks.pdf

 

Next Step

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More Information

  • The Board Rate (BR) quoted is applicable only for the loan package that you are interested in (eg. HDB flat financing at fixed rate). The financial indicator(s) against which that BR is benchmarked, such as the SIBOR, Prime Rate or CPF rate, will also be disclosed. The current applicable Board Rate is 0.85% p.a.
  • The BR offered for your loan package may be different from BRs offered to other customers for different loan packages.
  • The BR can be changed by the bank anytime, by giving 30 days' notice, depending on market conditions and/or changes in the financial indicator(s) against which the BR is benchmarked. This 30-day notice requirement does not apply to home loans benchmarked against market indices.
  • The loan repayment schedule for the loan package that you have chosen is available in either hard copy (on request) or soft copy in the form of a home loan calculator on the bank's website.
  • The Association of Banks in Singapore's (ABS) Consumer Guide on Home Loans is available and you are encouraged to get a copy from the bank and read it before committing to a loan. This guide is also available on the MoneySENSE and ABS websites in four official languages.

This publication is strictly for information purposes only and shall not be transmitted, disclosed, copied or relied upon by any person for whatever purpose. This publication is not an offer, recommendation, solicitation or advice to buy or sell any investment product. Nothing in this document constitutes accounting, legal, regulatory, tax, financial or other advice. You should consult your own professional advisors about issues discussed herein. While the information provided in this publication is believed to be accurate as at the date of publishing, UOB makes no representation or warranty, and accepts no responsibility or liability for its completeness or accuracy.