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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.

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.
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If you need a quick response, it’s considerable to call the number shown on the procedure of how to contact UOB Bank above . Or, simply go to the nearest bank branch to get a help from the customer service officer directly. For a more tech-savvy method, reaching out via the bank’s social media is also doable. With all of the aforementioned hotlines and address, the bank will try to provide the quickest response towards your questions. Generally, you will get your answer within three business days this applies for enquiries sent via form. It may take longer if you write your questions through a letter.
Gain access to our Senior Property Specialists who are equipped with a wealth of industry experience to offer you financing advice and customised financing packages suited to your needs. When buying property , you need to engage a lawyer for legal contracts for the sale and purchase of the property . You can request your Lawyer to give you an estimate of such stamp fees, legal fees and disbursements that will be incurred in the purchase of the property . In addition to the property purchase price, you will have to make provision for the Legal Fee, Stamp Duty, Property Tax & Income Tax. 1Instant approval refers to a conditional approval for a UOB Property Loan, and is granted based on the information provided by the applicant.
#24. UOB Singapore Marina Bay Financial Centre
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.

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.
#7. UOB Singapore Bukit Batok Central Branch
As a reminder, UOB will never direct you to a website asking for your personal banking details, including OTP or Card PIN. For example, if you are 25 years old now and buying a freehold property, the maximum loan period is 35 years. The loan duration plus the age of the applicant must be less than or equal to 75 years. Click on "APPLY NOW" to apply for a new UOB Home Loan with forms pre-filled by retrieving your personal information with MyInfo. Choose from a range of competitive pricing packages with support from our dedicated mortgage bankers.
It is processed and approved by UOB, and is subject to the applicable terms and conditions, including the necessary documentation verification and completion. The information and services may contain bugs, errors, problems or other limitations. We have no liability whatsoever for your use of any information or service. United Overseas Bank is one of the Big 3 banks in Singapore incorporated in 1935, with headquarters in Singapore. It has an unrivalled presence in Southeast Asia with a global network of more than 500 offices.
Rewards Redemption
Up to 35 years or 75 years of age at end of loan tenor, whichever is earlier, and remaining lease of at least 30 years at the end of loan tenor. Enjoy flexible options to pay down your loan partially or customise your loan to ensure you get the most out of it. Apply for a UOB Property Loan online and obtain instant approval1 within minutes. Get up to S$3,000 worth of rewards when you refinance with us or up to S$800 gift card when you take up a new loan.
Buyer’s Stamp Duty is applicable for the purchase of properties including residential and commercial properties. Additional Buyer’s Stamp Duty is applicable for the purchase of residential properties. Refer to the IRAS website () to find out the applicable rates.Property TaxAll property owners in Singapore must pay property tax.
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.
Other benefitsSubmit your application online & our banker will be in touch with you to share more on our limited time promotional offers. Valid only for direct applications without third party referrals. T&Cs apply.Additional notesPromotional rates are available for a limited period and only valid for completed residential properties in Singapore, for your new purchase or refinancing from another bank/HDB. Subject to minimum loan size.Pegged to the 3-month Compounded SORA that is published onMAS' website.
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