UOB Personal Loan
Enjoy rates from just 1.00% p.a. (EIR from 1.93% p.a.) and up to 2% cashback on approved loans S$15,000 and above. Fast, simple, reliable loan option.
The UOB Personal Loan is a standout choice for those in Singapore seeking fast access to cash at competitive rates. Interest starts from 1.00% p.a. (EIR from 1.93% p.a.), making repayments manageable. Loan amounts start at S$1,000, and you can select a repayment period from 1 up to 5 years. There is also a generous cashback promotion—up to 2% for loans of S$15,000 and above with tenors of 3-5 years, giving you even more value.
How to Apply for UOB Personal Loan
- Check you are a UOB Credit Card or CashPlus account holder
- Ensure you meet the eligibility: age 21–65, Singaporean/PR, minimum S$30,000 annual income
- Submit your application online through UOB’s form
- Wait for instant approval if applying with an existing account
- Receive funds disbursed after successful approval
Pros of UOB Personal Loan
The headline interest rate from 1.00% p.a. is extremely attractive, especially for borrowers seeking affordable options for larger sums. Cashback provides extra savings, further improving the total loan value.
There is no processing fee, and repayments can be as low as S$20 per month, creating flexibility regardless of your loan size or purpose. Instant approval is a bonus for those with UOB credit facilities.
Cons of UOB Personal Loan
You must be an existing UOB Credit Card or CashPlus customer to qualify, which could limit access for some. Early repayment incurs a relatively high cancellation fee (S$150 or 3% of outstanding, whichever is greater).
Additionally, funds cannot be disbursed to other UOB credit facilities and actual rates may vary based on the applicant’s profile.
Overall Verdict
The UOB Personal Loan excels for eligible UOB customers seeking quick, affordable loan options. The combination of low rates, no fees, and a cashback promotion ranks this among the best personal loan offers available in Singapore today.