UOB Bank offers Personal Loan Interest Rebate Campaign where you can earn cash rebates for your prompt payment of the monthly instalments.
The table below shows how the cash rebate is calculated with the help of a 3-year term loan repayment behaviour:
|Tenure||Monthly Instalment Payment||Eligible to Get Cash Rebate||Date of Cash Rebate Credit|
|Year 1||Prompt Payment||Yes||The month next to the completion of the first year|
|Year 2||Missed an Instalment||No||N/A|
|Year 3||Prompt Payment||Yes||The month next to the completion of the third year|
The campaign has commenced on 1 October 2017 and ends by 31 March 2018.
You need to fulfil the following requirements to be eligible for the promotion:
The bank offers 25% cashback on the total interest paid on your personal loan when you pay all the monthly instalments by the due date throughout your loan tenure.
You can do one of the following to apply for Personal Loan with UOBM:
Q. What is the minimum loan amount I can borrow?
A. You can borrow a minimum of RM5,000.
Q. What should I do if the bank fails to disburse the cash rebate to my account?
A. You can approach the bank if the bank fails to credit the cash rebate to your account. However, this has to be brought to the notice of the bank within 30 days from the end of the repayment.
Q. How does the bank determine the interest rate?
A. The bank determines the interest rate for your loan based on your monthly income.
|Monthly Income of Salaried Person||Monthly Income of Self-Employed Person||Interest Rate (% p.a.)|
|RM7,000 or more||RM8,000 or more||9.99|
Q. What is the processing fee applicable for Personal Loan?
A. You don’t have to pay a processing fee for your personal loan.
Q. What is the maximum loan tenure offered to repay the loan?
A. The bank provides a loan tenure of up to 5 years.
Q. Should I provide a collateral to get the loan?
A. No. You do not have to provide collateral or a guarantor to get the loan.