UOB provides numerous house personal loan deals for HDB flat owners, delivering a substitute for the HDB Concessionary Loan. Their offerings incorporate both of those fixed-fee and floating-level packages, which might be normally pegged to the three-Month Compounded SORA. As an example, a marketing deal might offer a level of three-Month Compounded SORA + 0.70% p.a. for the main two decades, by using a minimal loan measurement of S£250,000. For a set-rate solution, charges can be as low as 2.28% for just a two-year lock-in period of time. Eligibility for a UOB mortgage is subject matter to meeting the whole Debt Servicing Ratio (TDSR) of 55% and various credit score prerequisites. UOB also provides a novel "Go Eco-friendly Property Financial loan" for Attributes with a BCA Eco-friendly Mark certification, offering income rebates. Also, They are really noted for a small valuation fee of just S£one hundred fifty as well as GST more info and provide a bridging mortgage selection for homeowners transitioning concerning Houses.