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Personal Loans/UOB Balance Transfer
Personal Loans/UOB Balance Transfer
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Summary

UOB Balance Transfer

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.

Loan Features & Details

1) Key Features

  • Interest-free periods of 3, 6, or 12 months with differing processing fees
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  • Minimum monthly repayment of S$30 or 2.0% of the outstanding balance, whichever is higher
  • Instant cash approval for applications submitted during working hours

2) Eligibility

  • Existing UOB Credit Card or UOB CashPlus customers
  • Citizenship: Singaporeans or PRs
  • Age: 21 – 65 years old
  • Minimum income requirement: S$30,000

3) Fees

  • UOB charges a fund transfer cancellation fee. Contact UOB to find out more

4) Application Process

How to apply?
  • Head to UOB’s website to apply for the loan online
  • Existing UOB Credit Card and CashPlus customers may apply for the transfer online
  • New to UOB customers will need to apply for a UOB Credit Card to be eligible for the balance transfer

...see more

Popular Products

Plans (2)

UOB Balance Transfer (6 Month Tenure)

5.34%

EFFECTIVE INTEREST RATE

0%

FLAT INTEREST RATE

2.50%

PROCESSING FEE

UOB Balance Transfer (12 Month Tenure)

4.95%

EFFECTIVE INTEREST RATE

0%

FLAT INTEREST RATE

4.28%

PROCESSING FEE

UOB Balance Transfer (6 Month Tenure)

5.34%

EFFECTIVE INTEREST RATE

0%

FLAT INTEREST RATE

2.50%

PROCESSING FEE

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      Popular Products

      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.

      Contact us at [email protected] should you require any assistance or spot any inaccuracies.

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