UOB home loan packages cater to all types of residential properties and address the needs of different home buyer profiles in Singapore. As one of the major local banks in town, UOB home loan packages offer attractive interest rates for private properties and HDBs – completed or uncompleted. Previously, UOB’s mortgage products were linked to fixed deposits. Now, their home loans are pegged to the prevailing board rate or SIBOR.
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UOB has 4 home loan options for private property buyers. The first package has a floating interest rate with a 2-year lock-in period. The good thing about this plan is that you can have the penalty waived when you sell your property. However, to qualify for this package, you need to be UOB Wealth Banking customer. If you’re more comfortable with a fixed rate, there are 2 plans available with 2 lock-in period options.
When it comes to financing uncompleted private properties also known as BUCs, you can choose from the 2 BUC home loan options offered by UOB. Typically, there’s no lock-in period for this kind of property. As such, there’s more flexibility and ease when the time comes for you to refinance. Currently, the floating interest rates stand at 2.07% p.a. and 2.10% p.a. If the rate increases within the first 2 years, you may convert to another UOB home loan package for free.
You can use our Progressive Payment Calculator to find out how much you need to pay at each stage of construction.
If you need financing for an HDB, there are 2 floating and 2 fixed home loan packages available.
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There’s an array of home loan packages in the market. Lucky for you, it’s in our DNA to compare and assess home loan packages offered by different banks in Singapore. By doing so, we ensure that you get only the best home loan rate.
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Don’t try and figure out the best home loan package by yourself. If you can’t decide and unsure of what to do next, get in touch with our mortgage team as soon as possible. From sorting out the documents needed to clearing your doubts and answering your questions, you’ll get unbiased advice from our home loan experts.
Looking at home loan packages can be quite overwhelming. Lucky for you, we’ve outlined a comprehensive list of the latest home loan rates in Singapore. With just a few clicks, you’ll get a simplified overview of all the home loan packages in town.
As part of the home loan application process, you must take into consideration the other fees and charges involved. You should buffer and set aside enough for the conveyancing fees, stamp duty and property tax.