Table of Content
A bridging loan is a short term loan of up to a maximum of 6 months. The CPF Withdrawal Limit is capped at 120 per cent of the Valuation Limit of your property. The Valuation Limit is the lower of the purchase price or valuation amount at the point when you purchased your property. Home ownership is a long-term commitment that requires you to set aside a significant sum of money as a deposit and to then make regular mortgage repayments over the tenor of the loan.
But this is our philosophy and how we like to operate here at MortgageWise – to be totally transparent in our dealings with clients. More importantly, there are myriad of mortgage loan features out there to suit every situation and financial objective, some of which may not always be available from the current bank. Now that you have a good idea of your property value, find out the benefits you'll enjoy from taking up a UOB HDB Home Loan under compare rates & benefits. You can pay low monthly installments at the beginning of your loan tenure which will gradually increase to match your projected increase in income.
Insurance & Investment
The interest rate for a bridging loan is between 4% and 5% and differs from bank to bank. Personal Loan Greater control of finances with fixed monthly repayments. ~Flexible penalty waiver terms are for selected packages only and subject to the terms and conditions in the Letter of Offer and only applicable for new home loan sign-ups. Leverage on our property financing expertise and market insights to get the advice you need and help you make informed decisions.
Not to mention by working with a trusted partner who presents the whole picture, they gain better insights into different loan features and how to position their mortgages ahead of interest rate cycles. They also save from doing early mortgage reviews with us every 2-3 years. The BR offered for your loan package may be different from BRs offered to other customers for different loan packages. The next step is to find out how much you can refinance your property for.
#11. UOB Singapore City Plaza Branch
Settle into your home comfortably with our attractive home loan package. Enjoy interest savings through a promotional interest rate, cash rebate of S$2,000+ when you refinance, and enjoy a free package conversion after the loan lock-in period. This publication is strictly for information purposes only and shall not be transmitted, disclosed, copied or relied upon by any person for whatever purpose. This publication is not an offer, recommendation, solicitation or advice to buy or sell any investment product. Nothing in this document constitutes accounting, legal, regulatory, tax, financial or other advice.
Of course, we also offer a $150 FairPrice e-gift voucher for min loan of $800,000 giving very practical gift which helps to defray some costs. Promotional gifts are a dime a dozen, you can always get them anytime you need it. UOB Malaysia offers home loan that is flexible enough to accommodate all your financial needs.
#51. UOB Privilege Banking Centre – Raffles Place
Customers who require a bridging loan for the purchase of an Executive Condominium which is still under construction should apply for the loan under the Deferred Payment Scheme offered by the property developer. If you want to purchase a second property and already have an existing housing loan on your current flat, you will only be allowed to borrow up to 45 per cent of the value of your new property. This is provided that at the point of application, the loan tenure is less than 30 years; and does not extend past age 65. Should these criteria not be made, you will only be eligible to borrow up to 25 per cent of the value of your new property. You can approach our Mortgage banker for calculation and your eligible LTV.
Enjoy a loan of up to 75% of the purchase price of your new property, or thevaluationof your new home, whichever is lower. Rates and benefits will only be confirmed upon issuance of Letter of Offer. We hope more clients would see the benefits of working with us over the long term . By supporting a mortgage comparison site, you are helping to make information transparent and ensuring that the dynamcis of a free market will continue to deliver lower rates and more bargaining power to the consumer.
Digital Banking
In Singapore, UOB plays simply the market leaders role, when it comes to home loans, credit cards and loans for small businesses. With its extraordinary support, in 2011, it was honoured as the Best Retail Banker in Singapore and The Best SME banking group in the 10th International Excellence in Retail Financial Services Awards Program, organized by Asian Bankers. The 3 local banks collectively command more than 80% of the local mortgage market and most are familiar with their brands and have some sort of banking relationship with one or the other be it credit card or savings account. However, not all are familiar with their mortgage loan features which can be quite different and unique to each bank. Bridging Loans can be used for the purchase of private properties, HDB flats and Executive Condominums or ECs.
You may receive the approval for your bridging loan within two working days on condition that all necessary documents have been submitted. Plus, here’s a little sweetener - apply online now and receive an exclusive gift+ from us upon your home loan acceptance. Exclusively for Wealth Banking customers, enjoy additional valuation subsidy# of S$160.50 when you refinance your Private Home Loan (min. S$1million) with UOB. Before deciding which property to buy, you may find it useful to understand the relevant regulatory guides on foreign ownership of permitted residential property in Singapore. Foreigners are only permitted to acquire or purchase certain types of residential properties in Singapore. Please refer to theSingapore Land Authority’s websiteandHousing & Development Board’s websitefor the types of residential properties which foreigners may acquire or purchase in Singapore.
Indicative Effective Lending Rate refers to the indicative annual effective lending rate for a standard 30-year housing loan / home financing product with financing amount of RM350k and has no lock-in period. The Board Rate quoted is applicable only for the loan package that you are interested in (eg. HDB flat financing at fixed rate). The financial indicator against which that BR is benchmarked, such as the SIBOR, Prime Rate or CPF rate, will also be disclosed. The maximum tenor for a bridging loan is six months and full repayment must be made by the end of that period.
Statement of CPF withdrawn under Public Housing Scheme and 6 month's loan statements . A home loan that is flexible enough to accommodate all your financial needs. You can request for UOB to handle everything, from application submission to delivering the documents to your doorstep. You can withdraw surplus cash from your prepaid amount, anytime you want, for emergencies or any other reason. Fill up the details and our Home Loan specialists will reach out to you within the next business day. UOB may vary or suspend or terminate this Promotion without notice.
The Letter of Offer shall contain such terms and conditions as UOB may require in relation to each property loan. UOB iNTELLIGENT Home Loan, a structured financial solutions that is flexible enough to accommodate all your financial needs. For both investment and insurance enquiries, the only way to contact the bank is by sending them your enquiry form.
If you are expecting proceeds from the sale of your existing property, we can provide abridging loanto help you make the necessarydownpaymentfor your new home first. Submit your loan application online now and our banker will be in touch with you to share more about exclusive home loan rates and promotions available. For its mortgage business in Singapore, UOB offers extensive range of home loan packages which we can only highlight the best 3 packages in our opinion . Speak to our team of experienced mortgage consultants to get overview of all packages in the market. United Overseas Bank Berhad has charted growth over the years to establish itself as one of the leading foreign banks in Malaysia. Today, UOB operates 45 branches throughout Malaysia, making it the foreign bank with the largest branch network in the country.
~Applicable for a limited time only, promotion ends 30 December 2022. These are Normal banking branch Privilege banking centre Privilege reserve suite Wealth banking centre Branch with extended hours and Branch with Sunday banking. Here is the complete list of UOB Singapore branches with their address, contact numbers and opening hours. The publicly listed global standard bank employs more than employees and boasts its business network at the tune of US$235.4 billion .
No comments:
Post a Comment