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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.
Through a series of acquisitions, it is now a leading bank in Asia. Besides Far Eastern Bank in Singapore, UOB's major banking subsidiaries in the region are United Overseas Bank , United Overseas Bank , PT Bank UOB Buana and United Overseas Bank . You can get an idea of the current market prices from recent HDB resale transactions.
Branches / ATMs
You can skip your monthly repayment during emergencies, festive seasons or any other occasions. You can pay at your convenience and choose to make monthly, fortnightly, weekly or daily repayments. UOB iNTELLIGENT Home Loan is a home loan package that flexible enough to accommodate all your financial needs. To enjoy Product Features above, customer and/or property collateral must be qualified as per bank’s credit criterions. Generally, no prepayment fee is levied for early redemption of the Bridging Loan before maturity date.
Valuation subsidy is subject to clawback if the loan is repaid in full within 3 years from 1st loan disbursement date. If you already have an existing residential property loan, the refinancing is up to 100% of your loan outstanding, or 90% of the property market value, whichever is lower. If this is your first housing loan in Singapore, the financing is up to 75% of the purchase price or property market value, whichever is lower. Above rates quoted are indicative and valid for completed residential properties in Singapore, for new purchase or refinancing from another bank/HDB. Promotion is only valid for Private Residential Property, for new purchase or refinancing from another bank and selected loan packages only.
Banks and ATMs in Singapore Changi International Airport
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.
If the permitted residential property purchased is under construction, you can opt to pay your instalments based on the disbursed loan amount until the Temporary Occupation Permit is issued. Thereafter the instalments will be calculated based on the outstanding over the outstanding loan duration. Since 2014, MortgageWise.sg has provided thought leadership in the mortgage planning space in Singapore, seeking to build trust with clients over the longer term rather than product-peddling for quick one-time deals. So, be it to refinance home loan, or if you are looking to buy Singapore condo, speak to our dedicated team of mortgage consultants here for the best home loan rates. The loan repayment schedule for the loan package that you have chosen is available in either hard copy or soft copy in the form of a home loan calculator on the bank's website. The BR can be changed by the bank anytime, by giving 30 days' notice, depending on market conditions and/or changes in the financial indicator against which the BR is benchmarked.
Credit Card
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.
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.
Benefits/Features Of UOB Home Loans
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.
The UOB HDB Home Loan gives you financing of up to 80% of the valuation of your property or outstanding loan . Our 2-in-1 loan that combines housing loan and overdraft facility at housing loan interest rates. If you are planning to buy a home or re-finance your housing loan, UOB Home Loan offer you attractive features and interest rate. You should apply for a Bridging Loan when applying for your Housing Loan.
The amount of tax payable is based on the annual value of the property which is determined by the IRAS. It is usually based on the gross rental of the property per year minus costs such as maintenance and other taxes.Insurance CostMost banks require homeowners to protect their property in the event of fires or flooding. Prior to the approval of your home loan application, we will appoint a valuer to assess the market value of the property. If thisvaluationis lower than your purchase price, you would have to pay the difference in cash before any loan can be disbursed. With these documents, your bank can provide you with an In-Principle Approval so that you can have certainty on your eligible loan amount and monthly mortgage repayment amount.
The net sales proceeds received by homebuyers is less any outstanding loan balance and the amount of CPF plus accrued interest used for the existing property. A valuation report is required by the bank for you to refinance the property. The valuation report is provided by a professional valuation firm, which is appointed by the bank.
Letters of offer issued by UOB in connection with the UOB HDB Home Loan have to be accepted within the campaign period of 1 July 2022 to 9 January 2023. 2The indicative value is based on real-time proprietary data of CKS Property Consultants Pte Ltd, publicly available information and other third party sources. We do not warrant the accuracy or completeness of the information and valuations. Rent received from the letting of property in Singapore is subject to income tax. Your rental income includes rent of the premises, maintenance, furniture and fittings. After deductions for allowable expenses , the net amount is taxable.
~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 .
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.
You should consult your own professional advisors about issues discussed herein. While the information provided in this publication is believed to be accurate as at the date of publishing, UOB makes no representation or warranty, and accepts no responsibility or liability for its completeness or accuracy. UOB Home Loan offers wide range of home loan packages and flexible financing options to tailor your financial needs. Our packages include Fixed Rate package, Floating Rate Package and SORA-pegged rate package, or up to a combination of 2 of these packages.
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