Interest Rate
(EIR 8.41% p.a.)
Total Amount Payable
Processing Fee
Receive up to $500 cash rebate!
  • Receive up to $500 cash rebate when you apply for UOB Debt Consolidation Plan. (Additional $50 when you apply through MoneySmart!)
  • Eligible for a loan approved amount of $60,000 and above
  • Valid for the 1st 1000 customers, till 30 June 2020
  • Bank T&Cs apply
Key features
Key Features
  • Enjoy fixed interest rate from as low as 4.5% p.a. (EIR: 8.22% p.a.); or
  • Go for greater flexibility and start on lower monthly repayment with the Tiered Interest rate offer at interest rates starting from 2.28% p.a. for the first year and 6.28% p.a. (EIR: 9.04% p.a.) for subsequent years of the tenure for a 6 year loan. Options for 7 or 8 year loans available.
  • Loan tenure of up to 8 years
  • No processing fee
Repayment Summary

Principal Loan Amount


Loan Tenure

3 years

Interest Rate (p.a)


Monthly Instalments


Total Amount Payable


Total Interest Payable



Citizenship Status

Singaporean / PR

Age Requirement

21 years old and above

Employment Status

Salaried Employee, Variable/Commission based Employees or Self-Employed

Minimum Annual Income


Fees & Charges

Processing Fee


Late Payment Fee


Partial Repayment Penalty

Not Permitted

Full Repayment Penalty

Fixed Interest Rate offer with up to 6 years loan tenure: 5% of outstanding balance of S$200 (whichever is higher); or Fixed Interest Rate offer with 7 or 8 years loan tenure and all Tiered Interest Rate offer: 8% of outstanding balance of S$300 (whichever is higher)

See all debt consolidation plan

MoneySmart lists Debt Consolidation Plan products that range between a minimum of 1 to a maximum of 10 years. The effective interest rate (EIR) of loan products on our site range from 7.70% p.a. to up to 11.08% p.a. The EIR of your loan will be dependent on the loan you apply for as well as your personal financial needs.

For example, you would need to pay S$311/month for a S$10,000 Debt Consolidation Plan with a loan tenure of 3 years at 3.98%pa Interest Rate (7.70% EIR). This would equate to a total payment of S$11,393 over 3 years. Please view each Debt Consolidation Plan product in detail for a full breakdown of the interest rate chargeable, minimum and maximum loan tenure as well as processing fees (if applicable).