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UOB 3-Month Compounded SORA Home Loan Package

  • Hello SORAHello SORA

    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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  • 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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    Full terms and conditions apply.

About SORA

Aligned to market best practices.

SORA (Singapore Overnight Rate Average) has been selected as the new interest rate benchmark in Singapore.

How does a 3-Month Compounded SORA work?

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

 
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3-Month Compounded SORA Package

UOB 3-Month Compounded SORA Home Loan Package

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

  UOB 3-Month Compounded SORA Home Loan (Completed only)
Year 1 3M Compounded SORA + 0.80% p.a.
Year 2 3M Compounded SORA + 0.98% p.a.
Year 3 3M Compounded SORA + 1.60% p.a.
Thereafter 3M Compounded SORA + 1.60% p.a.
Lock in Period 2 years
Partial Prepayment during lock-in Flexibility to prepay your loan or sell your property.
Rate Refresh Every 3 months
Free Conversion 1 free conversion after 12 months from the date of first disbursement

 

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.

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Private Home Loan

 

HDB Home Loan

 

Refinancing

 

Property Equity Financing

 

 

 

Secure your dream home faster with UOB Private Home Loan

 

 Get your dream home faster with UOB HDB Home Loan

 

 Refinance your residential or commercial property with UOB to enjoy great savings

 

 Unlock the value of your property to get cash
  • Upgrade family time with up to S$3,200 worth of cash and gifts* (inclusive of S$2,200 in cash for refinancing), available exclusively when you apply online



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  • Get an a Sharp Air Purifier worth S$349 when you apply for your HDB Home Loan online



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  • Refinance and unlock the potential to get interest rates that is lower than the rate you are currently paying



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



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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.