Per Month
[FASTEST GIFT FULFILMENT]
Get up to S$1,200 Cash or attractive gifts worth up to S$1,399 like an Apple iPhone 16 Plus 128GB in AS FAST AS 4 WEEKS, when you apply for UOB Loan. T&Cs apply.
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For online applications, UOB's personal loan interest rates begin at a competitive 2.88% per annum, with the Effective Interest Rate (EIR) starting from 5.43% p.a. It's important to note that these rates may vary depending on the length of the loan and other specific factors. The EIR could potentially reach as high as 7.51% p.a., contingent upon your chosen interest rate and loan tenure.
UOB provides a range of loan durations, spanning from a minimum of one year to a maximum of five years, offering versatile repayment options.
Monthly repayments can start as low as $20, which is calculated based on a $1,000 loan at 2.88% p.a. (EIR of 5.43% p.a.) over a period of 60 months.
There is a waiver of processing fees for all tenors, which can be a significant benefit in reducing the overall cost of the loan.
UOB assures immediate approval for both new and existing clients, subject to the application being filed within operational hours from 8 am to 9 pm. Post-approval, the funds are typically transferred into a savings account of your choice.
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 6 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 lower or no interest. The current prevailing interest for UOB CashPlus is 0% p.a. (with up to EIR 3.34% p.a.) for online applications, as opposed to the 2.88% (with EIR 5.43% p.a.) 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.
