Refinancing

¹Instant approval refers to a conditional approval for a UOB Property Loan, and is granted based on the information provided by the applicant. It is processed and approved by UOB, and is subject to the applicable terms and conditions, including the necessary documentation verification and completion.

*Terms and Conditions:

• This Promotion is only valid from 23 January 2021 to 7 April 2021 (“Promo Period”).
• Promotion is only valid for Private Residential Property, for new purchase or refinancing from another bank and selected loan packages only.
• Application must be submitted online during the Promo Period by clicking the “Apply Now” button above. Letter of Offer (min. loan amount S$500,000) issued by UOB in connection with the application submitted for the property loan must be accepted by 12 April 2021.
• For the purposes of this Promotion, “Private Residential Property” means a private residential property situated or located in Singapore and which has been issued with a Temporary Occupation Permit.
• Limited to one gift per Letter of Offer accepted in accordance with these Terms and Conditions.
• All property loan applications are subject to approval and acceptance by UOB. UOB shall not be required to give any reason or prior notice for any rejection of property loan application and shall not be liable or responsible to any party for any rejection of any property loan application. No payment or compensation whether in cash, credit, or kind will be made for any rejection of any property loan application.
• The Letter of Offer shall contain such terms and conditions as UOB may require in relation to each property loan.
• 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, 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)).
• For new purchase, the property loan amount will be computed based on, amongst others, the purchase price of the completed private residential property less the value of the gift awarded to you.
• This promotion is not applicable to any of the following property loans:-
  • property loans involving the restructuring or re-pricing of existing property loans already taken out with UOB;
  • property loans involving application for additional facility(ies) which shall be secured against property(ies) that is/are already mortgaged to UOB;
  • where the property loan is a bridging loan.
• The Bank may, at its discretion, reclaim the reward or charge to and debit an amount equivalent to the value of the reward, if already awarded from the Borrower’s account, if the property loan approved under this Promotion is subsequently cancelled.
• UOB shall have absolute discretion on all matters regarding the Promotion, including determining the applicable reward to be awarded to eligible participants under this Promotion.
• UOB shall have the absolute discretion and right to determine and vary any offers and/or benefits under this Promotion from time to time without notice and without liability to any person.
• The gift is not exchangeable for cash, credit or kind, in full or in part, and is not replaceable if lost, damaged or stolen. No reservation, refund or exchange of the gift is allowed. Gifts are on a first-come-first-served basis, whilst stocks last and subject to availability. UOB shall not be required to notify and/or update on the stock availability of the gift.
• Gifts must be redeemed within the stipulated redemption period. UOB will not extend the redemption period for any reason whatsoever.
• Gifts are on a first-come-first-served basis, whilst stocks last and subject to availability. UOB shall not be required to notify and/or update on the stock availability.
• The gift is supplied by third party merchants and UOB is not an agent of the merchant and/or supplier of the gift. Accordingly, UOB makes no warranty or representation as to the quality, value, merchantability or fitness for purpose of the gift and UOB assumes no liability or responsibility for the acts or omissions of the merchants or any non-performance or defects in the gift. Any dispute regarding the gift is to be resolved directly with the merchant and/or supplier of the gift. UOB shall not be required to assist or act on your behalf in communicating with the merchant and/or supplier of the gift.
• UOB shall not be responsible for any loss or damage to any person in connection with this Promotion howsoever arising.
• By participating in this Promotion and in addition to any other consent you have already provided to UOB and any right of UOB under applicable laws, you consent to UOB and the necessary third parties collecting, using and disclosing your personal data for the purposes of this Promotion and to contact you, including by voice call or text message.
• UOB may change these terms or suspend/terminate the Promotion without giving notice.

• 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.