UOB Personal Loan from 1.00% p.a. (EIR 1.93% p.a.) + Up to S$1,900 Cash & Rewards

Key features

• Interest rates from 1.00% p.a. (EIR from 1.93% p.a.) 

• Loan tenures from 1 to 5 years

• No processing or hidden fees

• Flexible loan amounts, subject to eligibility and credit approval

• Instant cash disbursement upon loan approval

• Fixed monthly repayments based on reducing balance interest calculation

• Cash rebate up to 2% for loan amounts of S$15,000 and above with minimum 36-month tenure (eligible only for applications submitted via UOB Personal Loans page)

• Manage loan conveniently through UOB’s digital platforms

Repayment

• Annual interest rate: From 1.00% p.a. 

• Effective Interest Rate (EIR): From 1.93% p.a.

• Handling fee amount: No handling fee or processing fee

• Early repayment fee: S$150 or 3% of outstanding balance, whichever is higher

• Approval duration: Instant approval and cash disbursement

• Loan amount: Subject to bank’s approval based on credit and income profile

• Minimum loan tenure: 1 year

• Maximum loan tenure: 5 years

• Minimum annual income: S$30,000

Eligibility

• Citizenship status: Singapore Citizens and Permanent Residents

• Age requirement: Aged 21 to 65 years

• Employment status: Salaried or self-employed with minimum income of S$30,000

• Existing UOB Credit Card or CashPlus account holders may enjoy simplified application requirements

Fees and charges

• Processing fee: No processing fees

• Early repayment penalty: Early repayment incurs a cancellation fee of S$150 or 3% of outstanding balance

• Late payment fee: Late payment or missed instalment triggers prevailing UOB credit card late fees and daily finance charges (or CashPlus overdraft charges) until the full amount is paid

Other notable features

• Manage your loan and repayments via UOB digital banking platforms

• No collateral or guarantor required

• Flexible repayment tenures and competitive interest rates