UOB Home Loan Refinancing

As one of the top local banks in Singapore, UOB offers an extensive range of home loan refinancing packages. Because of this, home buyers can take advantage of competitive interest rates through UOB Home Loan Refinance. One of the major reasons why people choose to refinance is that they want to lower their monthly repayments. With UOB, you can do so, as long as the home loan refinance rate is lower than your current home loan package.

Masthead Image

Compare All Singapore Home Loans & Apply Online

Get up to $500 worth of Takashimaya vouchers when you refinance your home loan through MoneySmart!

UOB Private Property Refinance

If you own a private residential property located in Singapore, you can refinance your home loan with UOB. You can opt for a fixed rate loan or a floating rate loan that best suits your budget. At the moment, they offer a floating rate package with an interest rate that stands at 2.15% p.a. Additionally, under this package, you can enjoy a penalty waiver when you sell your private property within the lock-in period. Aside from this, there is fixed home loan refinance rates at 2.28% p.a. for 2 years. With a lock-in period of 2 years, these packages are deemed to be more stable because the monthly repayments are fixed.

UOB Private Property Refinance Rates

Package NameRate TypeYear 1 Rate
UOB Floating Rate Package (Min. Loan $800,000)Floating2.08%
UOB Floating Rate PackageFloating2.28%
UOB 2 Years Fixed Rate PackageFixed2.28%
UOB 3 Years Fixed Rate PackageFixed2.35%

UOB HDB Refinance

To enjoy extra savings on your HDB loan, you can refinance with UOB HDB Home Loan. UOB is currently offering home loan packages lower than the HDB concessionary interest rate. If you’re looking for a floating rate package, UOB’s HDB loan refinancing rate stands at 2.15% p.a. with a 2-year lock-in period. On the other hand, you can go with a fixed rate home loan if you prefer steady and stable monthly repayments for a certain period of time. At 2.28% p.a., you can opt for a 2-year lock-in period. But don’t worry. No matter the time frame, with a fixed rate home loan, your monthly instalments will be locked in.

UOB HDB Refinance Rates

Package NameRate TypeYear 1 Rate
UOB Floating Rate Package (Min. Loan $800,000)Floating2.08%
UOB Floating Rate PackageFloating2.28%
UOB 2 Years Fixed Rate PackageFixed2.28%
UOB 3 Years Fixed Rate PackageFixed2.35%

Why You Should Apply for UOB Home Loan Refinancing Through Us

  • Save time & effort

    Live a stress-free life as we take charge of your home loan application. With the help of our mortgage team, you’ll get the proper guidance you need for a smooth transition when it comes to refinancing your home loan with UOB.

  • Get better deals

    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 refinancing rate.

  • No strings attached

    Reach out to us for financial advice at zero cost. Yes, our service is free of charge. We simply get a standard referral fee from banks for our services. Even so, we put our customers first and provide unbiased advice.

  • UOB refinance promotion

    Switch to a lower interest rate home loan package through us and enjoy up to $500 worth of Takashimaya vouchers.

Documents Required for UOB Home Loan Refinancing

  1. UOB property loan application form
  2. To kick-start your UOB home loan refinancing process, you must complete and sign the UOB Property Loan Application Form. Once duly completed, submit the form to us.
  3. NRIC/Passport
  4. You must also submit a copy of your NRIC/passport. Make sure that the copy is clear and legible.
  5. Income documents
  6. Your latest computerised payslip/IT8A form will also be needed. If you’re self-employed, you must submit your tax returns for the past 2 years.
  7. Property-related documents
  8. You must also prepare the Option to Purchase (OTP), latest CPF statement of account (if applicable), latest CPF withdrawal statement and Option of Sale for the existing property (if applicable).

UOB Home Loan Refinancing Process

  • Step 1

    Get in touch with our mortgage team

    Thinking about refinancing your home loan? If you’re unsure of what to do next, we’re here to make your home loan refinancing journey as smooth as possible. From sorting out the documents needed to answering your queries, we’ve got your back throughout the process.

  • Step 2

    Compare refinancing rates

    Home buyers in Singapore miss out on the benefits of refinancing. Be in the know and start comparing home loan packages offered by different banks using our comparison tool. Our mortgage team will also be happy to assist you further.

  • Step 3

    Refinance your home loan

    Once you’ve chosen your new home loan package, our mortgage team will make sure that the timing for refinancing is perfect to avoid penalty fees. We’ll also ensure that the transition is favourable to you.

UOB Promotions

After you successfully refinance your home loan with UOB, you are eligible for legal subsidies of 0.40% of the loan amount up to $1800. Yes, this is on top of our ongoing Takashimaya voucher giveaway.

Frequently Asked Questions

  • How do I calculate my UOB home loan refinance monthly repayment?

    If you already have a new home loan package in mind, there’s a quick and simple way for you to find out if that’s the best deal for you. Simply enter your remaining loan amount, loan term and interest rate in our Refinancing Calculator to find out the amount you can save when you refinance.
  • How many times can I refinance my home loan?

    You can refinance your home loan more than once. There’s no limit as long as you’re able to lower your monthly repayments and refinance at the right time.