Property Equity Financing

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.

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.

• 3-Month Compounded SORA Home Loan package
• Fixed-rate
• Combination of fixed-rate and 3-Month Compounded SORA

3M Compounded SORA refers to the 3-Month Compounded SORA that is published on MAS’ website.  It is currently at 0.4861% p.a. (as at 23 May 2022). Find out more on SORA.

Terms and Conditions

• 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.

*This Promotion is not valid with agent referrals, Introduce A Friend, welcome back and/or third party referral payment, and shall not be applicable to individuals who have received other benefits, cash rebate, gifting such as U-Solar programme subsidy, rewards and/or administrative concessions from UOB on his/her existing or new property loan(s) (including, but not limited, to a waiver or reduction of any fee payable or penalty incurred by applicant(s)).

^#This means that, in the event that the redemption of the Loan is due to sale of the Property and this redemption is within the Lock in Period, the redemption fee will be reduced by 50% subject to UOB’s receipt of satisfactory documentary evidence of the sale of the Property. In addition, the Borrower will be eligible for a refund of the reduced redemption fee paid to UOB if the Borrower fulfills the following conditions:
(i) the Borrower accepts a new loan from UOB of which the new loan amount is equal or higher than the redeemed loan amount;
(ii) such new loan is accepted by the Borrower within 6 months from date of redemption of the Loan;
(iii) the Borrower furnishes a signed copy of the Letter of Offer; and
(iv) such other condition(s) as may be determined by UOB.

^{^}This means that prepayment penalty is payable if upon UOB’s receipt of the partial prepayment request during the Lock in Period, the outstanding Loan amount is less than S$200,000 or, as a result of the partial prepayment the outstanding Loan amount will be less than S$200,000.

Submit your loan application online now and our banker will be in touch with you to share more about exclusive home loan rates and promotions available.

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