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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

    Apply Now

  • Home LoanHome Loan

    Bring home up to S$3,499 worth of cash and
    Apple products* when you refinance with UOB

    Don't miss out on these amazing gifts available exclusively when you apply online.

    Home Loan

    Apply now

    *T&Cs apply.

    Bring home up to S$3,499 worth of cash and Apple products* when you refinance with UOB

    Don't miss out on these amazing gifts available exclusively when you apply online.

    Home Loan

    Apply now

    *T&Cs apply.

  • Go Green Home LoanGo Green Home Loan

    Wake up to greener living with
    a UOB Go Green Home Loan

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

    Go Green Home Loan

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    Full terms and conditions apply.

Announcement: With effect from 1 June 2022, we will be revising the Fees and Charges for Property Loans secured by all types of properties. Please click here for details.

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 + 0.80% p.a.
Year 3 3M Compounded SORA + 1.00% p.a.
Thereafter 3M Compounded SORA + 1.00% p.a.
Lock in Period 2 years
Rate Refresh Every 3 months
Special Features
  • 1 free conversion after 24 months from the date of first disbursement, subject to the terms and conditions in the Letter of Offer.
  • Flexibility to prepay^ your loan/sell# your property, subject to the terms and conditions in the Letter of Offer

 

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.

  • 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 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.

#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.

Apply Now

Private Home Loan

 

HDB Home Loan

 

Refinancing

 

Property Equity Financing

 

 

 

Secure your dream home faster with UOB Private Home Loan

 

 Secure your dream home quickly with an instant HDB Home Loan approval

 

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

 

 Unlock the value of your property to get cash
  • Bring home up to S$3,499 worth of cash and Apple products* when you refinance with UOB



Find out more

 
  • Get an ECOVACS Deebot U2 Pro (worth S$399) or a Novita countertop water purifier (worth S$699) 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.