UOB Bank Personal Loan – An Ideal Choice for any Customer Base

United Overseas Bank, popularly known as UOB Bank is one of the renowned banks in Singapore and across the world, having 500 offices in 19 countries. The bank has a rich history of over 80 years, the bank has been providing its customers top notch financial services and banking products. UOB has shown tremendous commitment to building everlasting relationships with its customers with promises to fulfill any and all of their financial requirements by offering customizable and innovate products and services.

The UOB Personal Loan is one of the top products offered by the bank. Personal loans in general are a popular choice among different loans because they can be obtained without a collateral or security and they are provided with some of the lowest interest rates compared to other banking products. UOB is a customer favorite for its personal loans. This is because it offers one of the most competitive interest rate structures in the Singapore market today. You can get a personal loan from UOB at an interest rate as low as 4.25% per annum with an Effective Interest Rate of 8.99% per annum. When it comes to the loan tenure for the personal loan, the bank offers immense flexibility that recognizes each customer’s financial needs and requirements by providing a tenure that starts from 12 months and all the way up to 60 months. This will help customers to continue maintaining their current lifestyle even with the additional payment in your bill cycle.

Usually, most loans offered by banks and other financial institutions have a minimum income requirement from applicants. Depending on the bank, the income requirement can be on the higher end making it unaffordable to many customers on the island, however, UOB always honors its promise of providing affordable financial products that suit the needs of its customers. The minimum income requirement to apply for a UOB personal loan is only SGD 30, 000 per annum which is one the lowest minimum income criteria offered by any banks in Singapore presently. Additionally, to apply for this loan, all that is required is to have a UOB card or a UOB CashPlus account. UOB also demands a reasonable age requirement from its customers where any applicant between the ages of 21 years and up to 60 years of age is eligible to apply for the personal loan offered by UOB.

UOB also rewards its customers when they beat others to the punch. If you are among the first 300 customers to apply for their personal loan, you are rewarded with cash vouchers of up to SGD 200. The cherry on top of the cake here is that, UOB guarantees quick disbursement of the agreed loan amount after approval. You will receive your personal loan within 7 to 10 working days if you are an existing UOB cardmember or CashPlus customer.

UOB also makes your work much simpler by providing you with their Calculator available on the official UOB website where all you need to do is input the loan amount you wish to take and the loan tenure, after which it will generate an accurate result rounded off to the nearest decimal place which will tell you if you can afford the loan at these rates. Depending on this result, you can then make the adjustment in the amount and/ or tenure to find a figure that fits your purse strings.