UOB provides numerous household loan packages for HDB flat house owners, furnishing an alternative to the HDB Concessionary Loan. Their choices consist of the two set-charge and floating-charge packages, which might be generally pegged on the 3-Thirty day period Compounded SORA. For instance, a marketing bundle could offer a level of 3-Thirty day period Compounded SORA + 0.70% p.a. for the 1st two a long time, having a minimum financial loan dimension of S£250,000. For a fixed-level selection, prices is often as little as 2.28% for your two-year lock-in time period. Eligibility for your UOB mortgage is subject matter to Conference the entire Financial debt Servicing Ratio (TDSR) of 55% and other credit score prerequisites. UOB also provides a novel "Go Environmentally friendly Home Bank loan" for Houses which has a BCA Green Mark certification, supplying income click here rebates. Moreover, They can be recognized for a minimal valuation charge of just S$a hundred and fifty as well as GST and provide a bridging mortgage selection for homeowners transitioning involving Homes.