|UOB home loan or the United Overseas Bank home loans are provided to its customers with a view to provide affordable housing to all. That is why, the bank has given out a number of home loan packages to its borrowers. Whether it is for buying a new house or refinancing an existing loan, or loan required for renovation purposes, furnishing a house etc; the UOB home loans fulfills all the housing related needs of its customers. The bank grants around 90% of the value of the property and also gives a very flexible repayment option.
UOB Home Loan Package
- Private Residential Home Loan Package
- UOB HDB Home Loan Package
- UOB Maxi Mortgage Protector Package
- Commercial Property Loan
- Home Construction Loan
- International Home Loan>
The UOB housing loans were first started in Malaysia and Singapore. After the success of home loans in these two countries, the UOB bank introduced the same in other branches across the world. The bank was first established in Singapore and it had its second branch in Malaysia, which is why they also started giving home loans from these two branches initially. Let us look in to the different home loan packages given out by the bank in detail.
- Private Residential home loan package: This package is given for a residential house of your own. This house can be a flat or an apartment or a villa, according to the choice of the customer. You can avail 80% of the actual cost of the property and also sets very flexible repayment options. The bank provides the loan with attractive interest rates whether you want to buy a new property or refinance existing home mortgage.
- UOB HDB home loan package: UOB loan is approved by the Housing and Development Board of Singapore. In order to qualify for this home loan you must be a citizen of the country and at least 21 years old not more than 70 years. You must have a monthly total household income of more than S$8,000. You get all the concessionary rates applied by the HDB Singapore.
- UOB Maxi Mortgage Protector Package: The UOB maxi mortgage protector protects your house against any of the unexpected events in life. It acts like an insurance on the home loan and takes care of the housing loan if you are really unable to repay it back.
- Commercial Property Loan: Financing a place for any of the business ventures is now made easily possible with the help of the Commercial property loan. You can can finance up to 70% of the purchase price or valuation of your property in UOB commercial property loan package. The added advantage of the commercial property loan is that it does not charge anything as processing fees on the home finance availed.
- UOB Internation home loan: If youbare buying overseas property in Singapore, Malaysia, Thailand or Shanghai, China you can get in touch with UOB home financing team. You can buy a overseas residential property and enjoy a tailored home loan package.