UOB provides home loan schemes for residential as well as commercial purposes to its customers. The home loan schemes come with flexible financing packages as they are designed to suit the customer’s requirements and financial capacity.
The interest rate of UOB Home Loan schemes depends upon the current Base Rate (BR). The base Rate of UOB currently stands at 4% p.a. whereas the Base lending rate stands at 6.97% p.a. The rates are effective from 6 February 2018.
On obtaining a home loan scheme by UOB, a customer has to pay the following fees and charges:
|UOB Home Loan||Fees and Charges|
|iNTELLIGENT Home Loan||Flexi Mortgage|
|Stamp Duty Charges||As per the Stamp Duty Act 1949 (revised in 1989)|
|Transaction Fee||RM 5.30 per transaction (after 2 transactions in a month)||-|
|OD Account Annual Maintenance Fee||RM127.20|
|Late Payment Charges||1% p.a. on unsettled amount (during tenure)|
|Commitment Fee||Up to 1% (on unutilized overdraft limit)|
|Service Fees charged during redemption||RM53|
|Cancellation Fee (after accepting the letter of offer)||RM2,000|
|Nationality Criterion||Malaysian citizen|
|Age Criteria||Maximum age: 70 years|
|Income Criteria||As per the bank’s discretion|
Read about the different types of UOB Home Loans below:
Offline Application: Customers can visit the nearest UOB branch to apply for the home financing scheme of their choice. The duly-filled application form must be submitted at the branch along with the required supporting documents to carry the process forward.
Online Application: Applicants can directly get in touch with the bank representatives by filling up an application form on the official website of the bank. Upon successful submission, a bank representative will reach out to the applicant to carry the process forward.
(Fees and charges are inclusive of 6% GST)
If customers want to know about the monthly interest amount they have to pay on the financing scheme, or the type of loan they can be qualified for, they can use the Home Loan Calculator available on the bank’s official website. On entering all the required details, customers can get their estimated monthly repayments.
For any query about the schemes or the home loan products, a customer can contact the bank representatives at the following hotlines:
Kuala Lumpur- 6 0326128121
Penang- 6 042401121
Johor Bahru- 6 072881121
Kuching - 6 082287121
Kota Kinabalu- 6 088477121
The customer care centre is operative for 24-hours.
Q. If I decide to settle my home financing in advance, do I have to pay any penalty?
A. Yes, on early settlement of the home loan, a penalty is charged which could be RM5,000 or the percentage charged by the bank on the amount loaned by a customer, whichever is higher among the two.
Q. If I want to make my loan payments more often than on a monthly basis, can I do this with the UOB Home Loan schemes?
A. With UOB iNTELLIGENT Home Loan scheme, you can make the payments as per your convenience. This includes daily, weekly as well as fortnightly.
Q. Can I avoid the repayments in case of any emergency situation?
A. Yes, you can avoid making the repayments during festive seasons, in case of emergencies, and other occasions. The payments will be then directly redrawn from your account.
Q. What action do I need to take if I change my residential or contact details?
A. On any change in the contact details or the residential address, you need to inform the bank. You can do so by sending an email to bank about the updated information or you can also inform by calling the 24X7 call centre.
Q. How often can I make repayments on my iNTELLIGENT Home Loan Scheme?
A. You can choose to make the payments on a daily, weekly, fortnightly, or monthly basis.