As interest rates are constantly changing, a good rate five years ago may not be a good rate today. Have a chat with us to see if you should consider refinancing your home loan to save on interest rates.
UOB Private Home Loan Online Exclusive
Apply for a UOB Private Home Loan online and obtain instant approval1 within minutes.
Be rewarded with Apple gifts worth up to S$3,511* (inclusive of S$2,200* in cash for refinancing) available exclusively when you apply online.
Refinancing of Private Residential Property Loan from another financial institution
Criteria | Sign Up Gift* |
Min. S$450,000 home loan (Completed Property Only) |
S$2,200 Cash^ |
Min. S$500,000 home loan (Completed Property Only) |
S$2,200 Cash^ and Apple Airpods Pro (2nd Gen) worth S$362.35![]() |
Min. S$1,000,000 home loan (Completed Property Only) |
S$2,200 Cash^ and Apple iPad (10th Gen) 64GB Wi-Fi worth S$685.30![]() |
Min. S$1,600,000 home loan (Completed Property Only) |
S$2,200 Cash^ and Apple iPhone 14 128GB worth S$1,311.10![]() |
^Subject to min. Refi Housing Loan quantum of S$450,000. Refi Housing Loan is defined as a Re-financing Facility for the purchase of private residential property. Please refer to the letter of offer for terms and conditions.
*Applicable for applications and Letter of Offer acceptances between 1 March 2023 to 31 May 2023. Refer to terms and conditions below.
Choose from a range of competitive pricing packages with support from our dedicated mortgage bankers.
You can find out more about the UOB Property Loans Online Exclusive or our competitive pricing packages from our bankers!
For Singaporeans and PRs:
Click on "APPLY NOW" to apply for a new UOB Home Loan with forms pre-filled by retrieving your personal information with MyInfo. Applications submitted between 8.30am to 9pm daily will be processed instantly. Applications received outside these times will be processed the next working day.
For Foreigners and U.S. Persons:
Please leave us with your details so we can contact and assist you. (This does not constitute an online application and the sign up gift will not be applicable.)
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:
You can find out more about the UOB Private Home Loan Online Exclusive or our competitive pricing packages from our bankers!
There are different ways of achieving lower monthly repayments. You can switch to another loan type, such as from a fixed-rate loan to a floating-rate one. Alternatively, you can consider extending the tenor of your loan. However, bear in mind that while your monthly repayment would go down if you were to extend your loan tenor, you will end up paying more in interest expenses over the duration of the loan.
When you reduce the interest rates on your existing loan, you also reduce the interest component and increase the principal component of your monthly instalments. Thus, you will pay down your loan principal over a shorter tenor.
On the same note, if you would like to shorten your repayment schedule by reducing your loan tenor and can afford the increase in monthly instalments you could save a significant amount of money by reducing the interest that you will pay over the full duration of the loan. Although this may mean higher monthly repayments, you will own your home faster and be free of mortgage debt sooner.
With property appreciation, your residential or commercial property is likely to be worth more now than when you first took up your original loan. Tap into the appreciated value of your property to do great things – expand your business, have a home makeover or go on a luxury vacation.
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.
SORAPROMOTIONAL Limited tranche for New Direct-to-Bank* customers only |
Fixed Rate | |
Year 1 | 3M Compounded SORA + 0.70% p.a. | For fixed-rate or combination of fixed-rate and 3-Month Compounded SORA packages, please complete the Contact Us form here so that our Home Loan Specialists can be in touch with you within the next business day. |
Year 2 | 3M Compounded SORA + 0.70% p.a. | |
Year 3 | 3M Compounded SORA + 0.80% p.a. | |
Year 4 and thereafter | 3M Compounded SORA + 1.00% p.a. | |
Lock in period | 2 years | |
Min Loan Size | S$250,000 | |
Special Features |
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Other benefits | Submit your application online & our banker will be in touch with you to share more on our limited time promotional offers. Valid only for direct applications without third party referrals. | |
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. Subject to minimum loan size. | |
Pegged to the 3-month Compounded SORA that is published on MAS' website. |
3M Compounded SORA refers to the 3-Month Compounded SORA that is published on MAS’ website.
Terms and Conditions
*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, 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 no prepayment penalty will be applicable to the first prepayment request made per year during the Lock in Period and the prepayment amount for such request is cap at 20% of the original loan amount.
#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.
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.
*Further reading material on use of SORA in financial contracts:
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Depending on the terms of your existing mortgage, you may face prepayment penalties or subsidy clawbacks when you refinance. It usually makes financial sense to refinance if you can get interest rates that is lower than the rate you are currently paying.
You may wish to consider the following issues to determine if it is the right time to refinance your home loan:
NEW! Switch and save easily with our instant Home Loan approval1.
For Singaporeans and PRs:
Click on "APPLY NOW" to apply for a new UOB Home Loan with forms pre-filled by retrieving your personal information with MyInfo. Applications submitted between 8.30am to 9pm daily will be processed instantly. Applications received outside these times will be processed the next working day.
For Foreigners and U.S. Persons:
Please leave us with your details so we can contact and assist you.
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.
Exclusively for Wealth Banking customers, enjoy additional valuation subsidy# of S$160.50 when you refinance your Private Home Loan (min. S$1million) with UOB. This is on top of other existing promotions. Terms and conditions apply.
#This Promotion is valid from March to December 2022. Valuation subsidy is subject to clawback if the loan is repaid in full within 3 years from 1st loan disbursement date. 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 or broker referrals and not applicable for new purchase or where there is a transfer/part purchase done concurrently with the refinancing.
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.