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A bridging loan is a short term loan of up to a maximum of 6 months. The CPF Withdrawal Limit is capped at 120 per cent of the Valuation Limit of your property. The Valuation Limit is the lower of the purchase price or valuation amount at the point when you purchased your property. Home ownership is a long-term commitment that requires you to set aside a significant sum of money as a deposit and to then make regular mortgage repayments over the tenor of the loan.
UOB Malaysia are committed to providing financial services that put it right on course in achieving it mission. The UOB HDB Home Loan gives you financing of up to 80% of the purchase price or valuation of your property . When you sell your HDB flat, you can use the net sales proceeds to purchase your next property.
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Choose from our wide range of loan packages to suit your financing needs. Application must be submitted online during the Promo Period by clicking the “Apply Now” button above. Letter of Offer issued by UOB in connection with the application submitted for the property loan must be accepted by 30 December 2022. Bring home up to S$3,000 worth of cash and gift card (inclusive of S$2,200 in cash for refinancing), available exclusively when you apply online. On the last feature, we are probably the few, if not the only, mortgage broker in town who would tell you this. If you choose to apply direct to the bank, it means no business for us.
Gain access to our Senior Property Specialists who are equipped with a wealth of industry experience to offer you financing advice and customised financing packages suited to your needs. When buying property , you need to engage a lawyer for legal contracts for the sale and purchase of the property . You can request your Lawyer to give you an estimate of such stamp fees, legal fees and disbursements that will be incurred in the purchase of the property . In addition to the property purchase price, you will have to make provision for the Legal Fee, Stamp Duty, Property Tax & Income Tax. 1Instant approval refers to a conditional approval for a UOB Property Loan, and is granted based on the information provided by the applicant.
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The interest rate for a bridging loan is between 4% and 5% and differs from bank to bank. Personal Loan Greater control of finances with fixed monthly repayments. ~Flexible penalty waiver terms are for selected packages only and subject to the terms and conditions in the Letter of Offer and only applicable for new home loan sign-ups. Leverage on our property financing expertise and market insights to get the advice you need and help you make informed decisions.
Now that you know the benefits of a UOB HDB Home Loan, use our Loan Calculator to work out your monthly instalments. With a fairly good idea of your property value and the amount of financing required, find out what benefits you'll enjoy when you take up a UOB HDB Home Loan. Get a feel of the current market prices from recent HDB resale transactions.
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UOB may vary, suspend, or terminate this Promotion without notice.Terms and conditions apply. Home Construction Loan Build your dream home the way you like with UOB Home Construction Loan, which provides all your financing requirements. Yes.Fire insuranceis required by the Bank to insure your property against fire.
This 30-day notice requirement does not apply to home loans benchmarked against market indices. Although you can use the savings in your CPF Ordinary Account to pay down your monthly home loan installment, there is a limit. It is important that you know what your CPF Withdrawal Limit is, as you will need to pay your monthly mortgage amount in cash should you reach the cap. Provides up to 75% financing of the purchase price or valuation of your new property, whichever is lower. Rates and benefits will only be confirmed upon issuance of Letter of offer.
Up to 35 years or 75 years of age at end of loan tenor, whichever is earlier, and remaining lease of at least 30 years at the end of loan tenor. Enjoy flexible options to pay down your loan partially or customise your loan to ensure you get the most out of it. Apply for a UOB Property Loan online and obtain instant approval1 within minutes. Get up to S$3,000 worth of rewards when you refinance with us or up to S$800 gift card when you take up a new loan.
Not to mention by working with a trusted partner who presents the whole picture, they gain better insights into different loan features and how to position their mortgages ahead of interest rate cycles. They also save from doing early mortgage reviews with us every 2-3 years. The BR offered for your loan package may be different from BRs offered to other customers for different loan packages. The next step is to find out how much you can refinance your property for.
You may receive the approval for your bridging loan within two working days on condition that all necessary documents have been submitted. Plus, here’s a little sweetener - apply online now and receive an exclusive gift+ from us upon your home loan acceptance. Exclusively for Wealth Banking customers, enjoy additional valuation subsidy# of S$160.50 when you refinance your Private Home Loan (min. S$1million) with UOB. Before deciding which property to buy, you may find it useful to understand the relevant regulatory guides on foreign ownership of permitted residential property in Singapore. Foreigners are only permitted to acquire or purchase certain types of residential properties in Singapore. Please refer to theSingapore Land Authority’s websiteandHousing & Development Board’s websitefor the types of residential properties which foreigners may acquire or purchase in Singapore.
This will help guide you to determine the down payment amount needed to purchase a new property and if you can commit to the monthly mortgage repayments. For example, the maximum home loan quantum that you can borrow from a bank is determined by the Loan-to-Value ratio or LTV. The LTV considers three factors – the loan tenor, your age and the number of outstanding home loans you have. However, there is an exception if you are upgrading from your HDB flat. In such cases, the outstanding home loan on your HDB flat will not affect the maximum home loan amount for the new property as long as you can provide the necessary documentation to show that your flat has been sold. These include a copy of the approval letter by HDB and a copy of the Borrower’s letter of undertaking to complete the sale of the existing HDB flat.
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