UOB Balance Transfer

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About UOB Balance Transfer Review 2020

0% Applied interest rate p.a. for 6 to 12 months
Effective Interest Rate (EIR) p.a. from 4.95% - 5.34% for UOB Credit Cards
Effective Interest Rate (EIR) p.a. from 4.82% - 5.27% for UOB CashPlus
Processing fees from 2.5- 4.5%
Minimum monthly repayment of 3% for UOB Cards and 2.5% for CashPlus
One of the lowest interest rates for balance transfer schemes in Singapore.
Probably the best balance transfer option for people looking for a 12 month long interest free tenure.

UOB Balance Transfer is a type of personal loan offered by UOB Singapore. Balance Transfers allow for the outstanding amount in one account to be transferred to another account with a lower interest rate.

Interest rates and fees for UOB Balance Transfer

Loan Tenure	Processing Fees	EIR (% p.a.) with UOB Credit Cards	EIR (% p.a) with UOB CashPlus
6 months	2.50%	5.34%	5.27%
12 months	4.28% (Online exclusive only)	4.95% (Online exclusive only)	4.82% (Online exclusive only)

Features: Pros and cons of UOB Balance Transfer

0% Applied interest rate p.a. for 6 to 12 months
EIR p.a. from 4.95% - 5.34% for UOB Credit Cards
EIR p.a. from 4.82% - 5.27% for UOB CashPlus
Fast cash loan approval within 60 mins
Minimum monthly repayment of 3% and 2.5% of the outstanding amount for UOB Cards and CashPlus respectively
Minimum loan amount required is S$500
Fast cash loan approval within 60 mins
Enjoy the lower effective interest rates when you apply online
Processing fees from 2.5-4.5%

Compare the Best Personal Loans: Is UOB Balance Transfer Suitable for You?

Not the best Balance Transfer scheme for borrowers who do not require a 12 months tenure as UOB's 6 months interest rates are not the lowest.
Post loan maturity: After the interest free period, users are charged at least 20.5% p.a. depending on the stipulated prevailing interest rates on the user's UOB credit cards or CashPlus account

Other Fees: what else to look out for?

Minimum monthly repayment:
2.5% of the outstanding balance for UOB CashPlus (or S$30, whichever is greater)
3% of the outstanding balance for UOB Credit Card holders ( or S$50, whichever is greater)
Late payment fee: S$120

Eligibility: who can apply ?

Existing UOB Credit or CashPlus account holders
21 - 65 years old
Singapore citizen or Permanent Resident
Minimum annual income requirement of S$30,000

Contact UOB Singapore

Tel: 1800 222 2121 or
Visit their UOB Singapore's website for application and more details.