Per Month
[Faster Gift Redemption | *LOWEST INTEREST RATE]
Get up to S$450 Cash via PayNow or up to a Samsung 32-inch M7 Smart Monitor (worth S$634) when you apply for a min. loan of S$10,000 through MoneySmart! T&Cs apply.
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The current UOB personal loan interest rate is 3.77% p.a. (EIR 6.89% p.a.) for a 12 months loan tenor. The EIR, or effective interest rate, gives an accurate picture of how much extra you pay as it includes processing fees, administrative fees and other charges.
UOB Personal Loan’s interest rate is above average. One good thing about the UOB Personal Loan is that you can get instant approval if you are eligible.
You can use the UOB Personal Loan Calculator to calculate how much you have to repay monthly depending on your loan tenure and amount.
Applying for a personal loan from UOB can be done easily via MoneySmart. From MoneySmart’s personal loan page, you can key in your loan amount, tenure, income and citizenship status to see which personal loans are available to you.
Then, once you have decided on getting the UOB personal loan, click “Apply Now” and you will be redirected to UOB homepage to complete your personal loan application.
UOB CashPlus is UOB’s line of credit. You can borrow up to 4 times your monthly salary (income between $2,500 and $10,000) on CashPlus. The difference between UOB CashPlus and UOB Personal Loan is that for CashPlus, you can withdraw money at an ATM machine or use the VISA card to pay conveniently.
Another key difference is that credit lines like UOB CashPlus charge much higher interest. The current prevailing interest for UOB CashPlus is 20.9% p.a., as opposed to the 6.86% p.a. EIR on the UOB Personal Loan.
The amount of loan you can get is up to 95% of the available credit limit of your credit card account, with a minimum of $1,000.