UOB gives different home bank loan offers for HDB flat proprietors, delivering a substitute for the HDB Concessionary Loan. Their offerings contain both equally preset-rate and floating-price packages, that happen to be normally pegged to the three-Thirty day period Compounded SORA. For instance, a marketing deal may possibly give you a charge of three-Month Compounded SORA + 0.70% p.a. for the initial two a long time, having a minimum financial loan dimension of S£250,000. For a set-price option, rates is often as low as 2.28% for just a two-year lock-in period of time. Eligibility for a UOB bank loan is issue to meeting the overall Personal debt Servicing Ratio (TDSR) of 55% and more info also other credit demands. UOB also provides a novel "Go Environmentally friendly Dwelling Mortgage" for Homes that has a BCA Environmentally friendly Mark certification, providing money rebates. Furthermore, They may be known for a reduced valuation rate of just S£one hundred fifty as well as GST and provide a bridging loan selection for homeowners transitioning involving Homes.