UOB Personal Loan

uob personal loan

UOB Cash Plus Personal Loan
Enjoy interest rate as low as 8% p.a. (EIR 14.94% p.a.) for tenor of 60 months.
From $1,000 up to 6 times monthly salary financing amount available
From 1 year to a maximum of 5 years financing period
For single applicant from 21 years old and above

UOB Cash Plus Personal Loan boast a very attractive interest rates as compared to other personal loans in Singapore. The interest rates would vary depending on amount that you loan. Varying factor that effect the rates includes tenure and financing amount. The table below would be the amount of interest that you can enjoy compare with loan tenure and financing amount.

Rates and Tenors

uob

Note: The Effective Interest Rate (EIR) is the actual rate incurred for using the loan facility, taking into account of the total charges and the way the repayment is made. Thereafter, the prevailing interest rate will apply. The disbursed amount will be nett of the processing fee of the approved loan amount.

The loan provides a minimum of $1,000 financing up to 6 x applicants monthly salary which is quite high compared to other personal loans in Singapore. The tenure would range from 1 to 5 years with choices of 12, 24, 36, 48 or 60 months fixed repayment

UOB Personal Loan may require at least 7 to 10 business days for existing UOB Cards or CashPlus customers for approval processing. This is rather slow and may not suit applicants who are in need of cash urgently. Each application is subject to a minimum loan of S$1,000. The disbursed amount will be nett of the processing fee of the approved loan amount. The minimum CPPL amount is S$1,000 or such other amount as UOB may determined at its sole and absolute discretion.

Applicants can increase  financing limit with increased income during the loan tenure. This can be done by submitting the latest income documentation.

 

Eligibility

This loan is open to only UOB Cards and CashPlus customers with minimal income of S$30,000. If you do not meet the required minimal income, it is still possible to apply if you have an annual income between  $20,000 to $29,000 however you will need to pay a 2% processing fees. Applicants must be 21 years old and above.

 

Fees and Charges

  • 1.8% processing fees for financing below $10,000 while 1.5% for financing  $10,000 and above
  • $80 Annual fees

 

 Documentations required

  • Photocopy NRIC ( front and back)