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.
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SORAPROMOTIONAL
Limited tranche for New Direct-to-Bank* customers only |
| Year 1 |
3M Compounded SORA + 0.70% p.a. |
| 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$500,000 |
| Special Features |
- 1 free conversion after 12 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.
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3M Compounded SORA refers to the 3-Month Compounded SORA that is published on MAS’ website. It is currently at 1.9280% p.a. (as at 27 September 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, 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.
