UOB gives numerous household personal loan offers for HDB flat entrepreneurs, furnishing a substitute for the HDB Concessionary Financial loan. Their offerings consist of both preset-amount and floating-fee offers, which are generally pegged on the three-Thirty day period Compounded SORA. For illustration, a promotional package deal may well provide a rate of three-Month Compounded SORA + 0.70% p.a. for the main two several years, having a minimum amount bank loan size of S£250,000. For a fixed-fee choice, fees could be as little as 2.28% for the get more info two-year lock-in period of time. Eligibility for a UOB bank loan is subject to Assembly the overall Debt Servicing Ratio (TDSR) of 55% and various credit score prerequisites. UOB also offers a unique "Go Inexperienced Dwelling Mortgage" for Homes which has a BCA Green Mark certification, delivering hard cash rebates. In addition, They can be recognized for a small valuation fee of just S$150 in addition GST and supply a bridging financial loan selection for homeowners transitioning concerning properties.