If you do not need the loan to be disbursed within 24 hours, you can either mail the application form to United Overseas Bank Ltd, UOB Personal Loan, Robinson Road P.O. Box 1688, Singapore 903338, drop the form at any of the other UOB branches (apart from the 11 listed above) or fax the application form to the "Application Processing Department" at 6352 8795. The processing time for the non-24 hour option will take approximately eight business days.
Note: | |
1. | 24-hour approval is only applicable if your annual income is S$30,000 and above. Completed application form and all necessary documents have to be submitted to the Bank before 11am on a business day. The loan will be disbursed before 11am on the next business day (Saturday, Sunday, and public holiday are not considered business days). |
2. | The crediting account has to be an existing UOB Personal Savings or Current Account. The UOB account cannot be an Overdraft I-Account or a third party's account. If a UOB joint account is stipulated, the signing condition of the joint account must allow you to operate the account singly. The same UOB account will also be the repayment account for the loan. |
Eg.
Loan approved = S$4,000
4% Processing fee = S$160
Net loan amount = S$3,840
The interest is charged on the principal amount outstanding monthly. Since the principal amount of the loan reduces with monthly repayment on the loan, the interest amounts also lowers, as it is charged as a percentage of the reduced principal amount.
For example if you have taken up a S$2,000 loan over a 12-month tenor,
Loan Amount: | S$2,000 |
Net loan disbursed | S$1,920 |
4% Processing Fee | S$80 |
Tenor | 12 months |
Interest Rate | 9.99% p.a. |
Monthly instalment | S$175.82 |
United Overseas Bank Ltd
Credit Processing- Consumer A/Cs
1 Tampines Central 1
#03-01 UOB Tampines Centre
Singapore 529539
If your annual income is in the range of S$20,000 to S$29,999, please note that restructuring or early redemption of your UOB Personal Loan is not allowed.