UOB presents different residence financial loan offers for HDB flat owners, providing a substitute for the HDB Concessionary Financial loan. Their choices incorporate the two fixed-level and floating-level deals, that happen to be typically pegged on the three-Month Compounded SORA. As an illustration, a promotional deal may possibly provide a rate of 3-Thirty day period Compounded SORA + 0.70% p.a. for the very first two decades, that has a minimum bank loan dimensions of S£250,000. For a set-amount option, charges is often as low as 2.28% to get a two-year lock-in period. Eligibility to get a UOB mortgage is topic to Conference the full Credit card debt Servicing Ratio (TDSR) of 55% along with other credit score needs. UOB also provides a singular "Go Green Dwelling Financial loan" for Homes having more info a BCA Environmentally friendly Mark certification, giving income rebates. In addition, they are recognized for a small valuation cost of just S£one hundred fifty additionally GST and supply a bridging bank loan choice for homeowners transitioning between properties.