Saturday, 15 March 2014

Malaysia Property Loan - UOB Bank Singapore

Malaysia Property Loan - UOB Bank Singapore

Malaysia Property Loan - UOB Bank Singapore- Personal Bank Loan


Financing Term
Features


Catchment Areas

-Johore Bahru (including Nusajaya)
- Klang Valley (including KL)
- Penang (including Butterworth)


Purpose

-Purchase
-Refinancing
-Equity Term Loan


Eligibility

- Singapore citizens, permanent residents and foreigners
-Aged 21 – 65 at point of loan application
- Minimum income of $100,000 p.a.


Property Type

- Residential Property (Landed, condominiums or apartments)
- Commercial Property (Shops, retail offices, shop houses, SOHO, retail shops)


Loan Currency

SGD (Singapore Dollar) Loans


Interest Rates

-Residential Property
Year 1 – 5 : 3M SIBOR + 2.5%
Thereafter: 3M SIBOR + 3.0%

-Commercial Property
Year 1 : 3M SIBOR + 3.0%
Year 2 : 3M SIBOR + 3.5%
Thereafter: 3M SIBOR + 4.0%


Loan To Value (LTV)

-Up to 70% of the purchase price or valuation, whichever is lower


Loan Quantum

- Minimum Loan SGD $100,000


Loan Tenor

-Minimum : 5 yrs
-Maximum : 35 yrs for Residential Properties
-30 yrs for Commercial Properties


Processing Fee

-$200


Partial Prepayment
Penalty

Nil

Full Redemption Penalty

Nil


Cancellation Fee

1.50% on the amount cancelled

Expenses

All required expenses relating to loans shall be paid by customers.
These include legal fees, valuation fees, remittance charges, taxes
and duties (where applicable) and fire insurance premium.


UOB Account

It is mandatory to set up a UOB current account for servicing of
Monthly installment.


*Application is subject to the Bank's other Terms & conditions.
*SIBOR is currently around at 0.4% p.a. as of 08/03/2014

Check your loan eligibility at No Cost!

SMS 'MYUOBSGBank’ & YOUR NAME TO (+65) 91259978 to get in touch with a Banker-Mona from UOB Bank Singapore.


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