UOB provides many house bank loan packages for HDB flat proprietors, supplying an alternative to the HDB Concessionary Personal loan. Their offerings consist of both preset-fee and floating-price deals, which might be usually pegged to the 3-Month Compounded SORA. For example, a advertising offer could present you with a charge of 3-Month Compounded SORA + 0.70% p.a. for the main two several years, with a minimum amount financial loan measurement of S$250,000. For a fixed-charge solution, rates may be as little as 2.28% for any two-calendar year lock-in period. Eligibility to get a UOB loan is topic to meeting the whole Credit card debt Servicing Ratio (TDSR) of 55% together with other credit rating prerequisites. UOB also provides a unique "Go Environmentally friendly Dwelling Personal loan" for Houses by read more using a BCA Eco-friendly Mark certification, offering money rebates. In addition, they are recognized for a reduced valuation fee of just S$one hundred fifty additionally GST and supply a bridging bank loan selection for homeowners transitioning among properties.