UOB gives numerous property financial loan deals for HDB flat homeowners, delivering an alternative choice to the HDB Concessionary Mortgage. Their choices incorporate the two set-level and floating-amount packages, which are usually pegged towards the 3-Thirty day period Compounded SORA. For example, a promotional deal may perhaps present you with a level of three-Month Compounded SORA + 0.70% p.a. for the initial two a long time, by using a bare minimum mortgage dimension of S£250,000. For a set-price option, rates is usually as low as two.28% for any two-year lock-in time period. Eligibility for a UOB bank loan is issue to meeting the whole Personal debt Servicing Ratio (TDSR) of 55% and various credit score prerequisites. UOB also offers a unique "Go Eco-friendly Household Loan" for Homes here that has a BCA Green Mark certification, offering funds rebates. On top of that, They're recognized for a minimal valuation payment of just S$a hundred and fifty furthermore GST and provide a bridging loan selection for homeowners transitioning between Attributes.