Private Home Loan

  • Home loanHome loan

     

    Experience the joy of a new home with UOB Home Loan

    Apply online

    *Terms and conditions apply.

  • home solutionhome solution

    Secure your dream home faster with UOB Home Solution

    Make informed decisions on your dream home and avoid missed opportunities with our Instant Home Loan Approval1.

     

     

    1Terms and conditions apply.

Promotion

UOB Property Loans Online Exclusive

Apply for a UOB Property Loan online and obtain instant approval1 within minutes.

Usher in the new year with gifts from UOB. We’re making 2020 even more exciting with our attractive home loan package which gives you savings through competitive interest rates, legal subsidy of up to S$1,800 (applicable for refinancing only), and flexible terms when you decide to sell your property. Terms and conditions apply.

Plus, here’s an extra sweetener – register your interest via SMS and submit your application online now to receive exclusive Dyson gifts^ from us after loan acceptance.

  • Step 1: Send an SMS in the following format to 77862 to register your interest:
    DysonHL‹space›last 4 alphanumeric characters of your NRIC/Passport number (for example DysonHL 567A)

  • Step 2: Submit your property loan application online successfully.

 

Exclusive gifts at a glance:

Property Loan Amount Your Gift Upon Loan Acceptance
S$500,000.00 to less than S$1,000,000.00 1 unit of Dyson Pure Cool MeTM personal purifier fan with 1 additional filter
(worth S$578)
S$1,000,000.00 to less than S$1,800,000.00 1 unit of Dyson Pure CoolTM Advanced Technology Tower TP04
(worth S$899)
S$1,800,000.00 and above 1 unit of Dyson Pure CoolTM Advanced Technology Tower TP04
and
1 unit of Dyson Cyclone V10TM Fluffy
(total worth S$1,698)

 

For a limited time only, so claim yours today!

All gifts are awarded on a "while stocks last" and "on a first come, first served" basis.

Apply Now

 

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.

*Terms and Conditions apply

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:
The “United Overseas Bank Limited (“UOB”) Property Loans Online Exclusive” (“Promotion”) is valid for property loans for (i) new purchase of Private Residential Property; (ii) refinancing of existing property loan in respect of Private Residential Property, from another bank; or (iii) additional facility(ies) to be secured against Private Residential Property that have yet to be mortgaged to UOB. “Private Residential Property” means a private residential property located or situated in Singapore.

  • To participate in the Promotion, you have to successfully register for the promotion via SMS and click on the "Apply Now" button above to apply for a new UOB Property Loan online by 29 February 2020. SMS this format to 77862:
    DysonHL‹space›last 4 alphanumeric characters of your NRIC/Passport number (for example DysonHL 567A)
  • Letter of offer issued by UOB in connection with the property loan has to be accepted during campaign period of 1 December 2019 to 29 February 2020.
  • This Promotion is applicable to selected packages only and 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 property loans granted for new purchase of Private Residential Property, the loan amount will be computed based on the purchase price less the Gift value.
  • UOB may vary these terms or suspend or terminate the Promotion without giving any notice.
  • Full T&Cs apply

Benefits

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Get the loan amount you need

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A bridging loan for a smoother transition

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Attractive interest rates and benefits

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  • Enjoy a loan of up to 75% of the purchase price of your new property, or the valuation of your new home, whichever is lower.

 

  • If you are expecting proceeds from the sale of your existing property, we can provide a bridging loan to help you make the necessary downpayment for your new home first. That way, you will not miss the chance to own your dream home.

 

  • UOB offers a full suite of competitive interest rates. You can choose from our wide range of fixed-rate, floating-rate, or even a combination of them.

    In addition, you will enjoy these attractive benefits:
  • Preferential interest rates for a bridging loan. Terms and conditions apply.

 

Other Common Questions

  • Attractive interest rates and flexible repayment options.
  • Provides up to 75% financing of the purchase price or valuation of your new property, whichever is lower.
  • Applicant(s) must be between the ages of 21 and 65.
  • Singapore Citizens, Permanent Residents and foreigners may apply.
  • Freehold Property
    Up to 35 years or 75 years of age, whichever is earlier. For example, if you are 25 years old now and buying a freehold property, the maximum loan period is 35 years. The loan duration plus the age of the applicant must be less than or equal to 75 years.
  • Leasehold Property
    Up to 35 years or 75 years of age at end of loan tenor, whichever is earlier, and remaining lease of at least 30 years at the end of loan tenor.
  • If the permitted residential property purchased is completed with TOP issued, instalment will be payable upon the drawdown of the loan and the instalments calculated are based on the full loan amount and loan tenor.
  • If the permitted residential property purchased is under construction, you can opt to pay your instalments based on the disbursed loan amount until the Temporary Occupation Permit (TOP) is issued. Thereafter the instalments will be calculated based on the outstanding over the outstanding loan duration.
  • Yes. However, for properties with a remaining lease of less than 30 years, CPF members are not allowed to use their CPF savings to service the monthly instalments or make direct payment to the property developer/vendor to buy a residential property.
  • Information on the use of CPF monies is available from the CPF website
  • Completed duly signed UOB Property Loan Application Form
  • Copy of NRIC/Passport of applicants
  • Income documents:
    • Latest computerised payslip/IR8A
    • Two years’ tax return (for self-employed applicants)
    • Two years’ commission statement (for commission based applicants)
  • Option to purchase
  • Latest CPF statement of account (if CPF usage is involved)
  • Latest CPF withdrawal statement for existing property (if applicable)
  • Option of sale for existing property (if applicable)
  • Prior to the approval of your home loan application, we will appoint a valuer to assess the market value of the property. If this valuation is lower than your purchase price, you would have to pay the difference in cash before any loan can be disbursed.
  • Yes. Fire insurance is required by the Bank to insure your property against fire.
  • UOB Home Loan offers wide range of home loan packages and flexible financing options to tailor your financial needs. Our packages include Fixed Rate package, Floating Rate Package and SIBOR pegged rate package, or up to a combination of 2 of these packages. Please contact us for more details.
  • New Purchase
    If this is your first housing loan in Singapore, the financing is up to 75% of the purchase price or property market value, whichever is lower.
  • Refinancing
    If you already have an existing residential property loan, the refinancing is up to 100% of your loan outstanding, or 90% of the property market value, whichever is lower.
  • Before deciding which property to buy, you may find it useful to understand the relevant regulatory guides on foreign ownership of permitted residential property in Singapore. Foreigners are only permitted to acquire or purchase certain types of residential properties in Singapore. Please refer to the Singapore Land Authority’s website and Housing & Development Board’s website for the types of residential properties which foreigners may acquire or purchase in Singapore.

In addition to the property purchase price, you will have to make provision for the Legal Fee, Stamp Duty, Property Tax & Income Tax.

  • Legal Fee
    When buying property (including permitted residential properties), you need to engage a lawyer for legal contracts for the sale and purchase of the property (including permitted residential properties). You can request your Lawyer to give you an estimate of such stamp fees, legal fees and disbursements that will be incurred in the purchase of the property (including permitted residential properties).

  • Stamp Duty
    Stamp duty is a tax on executed document relating to properties (including permitted residential properties) or interest in properties (including permitted residential properties). These documents include a lease, sales & purchase, gift or mortgage of property (including permitted residential properties).
    To know more details and calculate your stamp duty, please log on to www.iras.gov.sg/irashome

  • Property Tax
    Property Tax is a tax on the property (including permitted residential properties), and is payable by the owner whether or not the property (including permitted residential properties) is owner-occupied, rented out or vacant. Property Tax is calculated based on a percentage (Tax rate) of the Annual Value of your property (including permitted residential properties). 
    To know more details and calculate your property tax, please log on to www.iras.gov.sg/irashome

  • Income Tax
    Rent received from the letting of property (including permitted residential properties) in Singapore is subject to income tax. Your rental income includes rent of the premises, maintenance, furniture and fittings. After deductions for allowable expenses (such as property tax), the net amount is taxable. 
    To know more details and calculate your income tax on rental, please log on to www.iras.gov.sg/irashome
  • Please leave your contact details and we will be in touch shortly, or call our UOB call center from 8am - 8pm at 1800 388 2121, or visit any UOB Group branch and speak to our Home Loans Specialist.

Apply Now

NEW! Secure your desired property with our Instant Home Loan approval1.

Apply Online

 

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.

Privilege Clients Exclusive

As a UOB Privilege Banking or UOB Privilege Reserve client, you will be able to –

  • Gain access to our Senior Property Specialists who are equipped with a wealth of industry experience to offer you financing advice and customised financing packages suited to your needs.
  • Leverage on our property financing expertise and market insights to get the advice you need and help you make informed decisions.
  • Get promotional interest rates for your new home loan. Plus, enjoy flexible penalty waiver terms when you sell your property~.

 

Contact our Senior Specialists at mortgagesales@uobgroup.com to discuss your unique financing needs. If you wish to review your existing UOB home loan, contact our Mortgage Relations team at pfs.loans@uobgroup.com.

~ Flexible penalty waiver terms are only applicable for new home loan sign-ups.

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.