UOB presents various residence bank loan packages for HDB flat owners, supplying an alternative to the HDB Concessionary Personal loan. Their offerings include both of those fastened-level and floating-price packages, that are usually pegged towards the three-Month Compounded SORA. For example, a marketing bundle might present you with a charge of three-Month Compounded SORA + 0.70% p.a. for the first two yrs, using a minimum bank loan size of S£250,000. For a hard and fast-fee option, premiums may be as little as two.28% to get a two-12 months lock-in period. Eligibility for the UOB loan is matter to Conference read more the Total Financial debt Servicing Ratio (TDSR) of fifty five% as well as other credit rating requirements. UOB also offers a singular "Go Inexperienced Home Mortgage" for Houses which has a BCA Green Mark certification, delivering hard cash rebates. Additionally, They may be recognized for a very low valuation fee of just S$150 additionally GST and provide a bridging bank loan choice for homeowners transitioning involving Attributes.