UOB Home Loan Review 2026: Complete Guide by Homejourney

UOB home loan packages offer competitive rates starting from 3M Compounded SORA + 0.70% p.a. for the first two years, making them attractive for HDB and private property buyers in Singapore. This definitive Homejourney guide reviews UOB mortgage options, rates, eligibility, and application processes to help you decide confidently in 2026.[1][2][3]

Homejourney prioritizes your safety and trust by verifying all data and providing transparent comparisons. Use our bank rates page to compare UOB with DBS, OCBC, and others instantly.

UOB Bank Overview and Market Position
Types of UOB Home Loans
Current UOB Home Loan Rates 2026
Pros and Cons of UOB Home Loans
Eligibility and Approval Criteria
UOB Home Loan Application Process
UOB Refinance Options
UOB vs Other Banks
Customer Experience and Features
How Homejourney Makes UOB Loans Easier
FAQ: UOB Home Loan Questions

UOB Bank Overview and Market Position

United Overseas Bank (UOB), incorporated in 1935, is one of Singapore's "Big 3" banks alongside DBS and OCBC, commanding over 80% of the local mortgage market collectively.[1] Headquartered in Singapore, UOB has a strong Southeast Asian presence with more than 500 offices globally, giving it stability for home financing.

For Singapore property buyers, UOB offers HDB loans, private property loans, and specialized packages like Go Green Home Loan. Their unique selling points include fast approvals for strong profiles, low valuation fees, and promotional vouchers up to S$2,700.[1][2][3]

In 2026, UOB focuses on digital applications with Singpass integration, aligning with Homejourney's user-centric approach to safe, efficient transactions.

Types of UOB Home Loans Available

UOB provides tailored packages for different needs:

HDB Home Loan: For HDB flats, with online exclusives offering vouchers up to S$2,700 (S$2,000 cash for refinancing).[2]
Private Home Loan: For condos and landed properties, minimum S$250,000 loan size, with cash rebates up to S$2,800 for loans over S$1.5M.[3]
Go Green Home Loan: Eco-friendly option for HDB or private properties, same competitive SORA rates.[4]
SORA Home Loan Package: Benchmark-tied floating rates for flexibility.[6]
International Property Loan: SGD or AUD financing for properties in Sydney, Melbourne, Perth (up to 70% LTV).[7]

All packages feature SORA-based or fixed-rate options with 2-year lock-ins. Homejourney verifies these align with MAS regulations for borrower protection.

Current UOB Home Loan Rates 2026

UOB's promotional SORA packages (limited tranche for new direct-to-bank customers) offer:

Period	3M Compounded SORA + Spread	Fixed Rate (Selected Packages)
Year 1	+0.70% p.a.	From 1.55% (min S$500k)[1]
Year 2	+0.70% p.a.	1.55%
Year 3	+0.80% p.a.	Board Rate - 0.70%
Year 4+	+1.00% p.a.	Board Rate - 0.70%

Lock-in: 2 years. Minimum loan: S$250,000. Lowest rates like 1.09% apply for S$500k+ with conditions.[1] These are competitive against market averages, especially post-SORA peak.

SORA (Singapore Overnight Rate Average) is the key benchmark since 2020, replacing SOR. 3M Compounded SORA provides stability over daily rates.

The chart below shows recent interest rate trends in Singapore:

As seen in the chart, SORA rates have stabilized around 2.8-3.0% in early 2026, making UOB's +0.70% effective ~3.5% initially – ideal for locking in before potential hikes.

Rate Comparison Table: UOB vs Market

Bank	Year 1 Rate	Min Loan	Promotion
UOB	SORA +0.70%	S$250k	Up to S$2,700 vouchers[2][3]
DBS	Similar SORA	S$100k	Cash rebates[5]
OCBC	SORA +0.60-0.80%	S$200k	Legal subsidies

Check real-time rates on Homejourney bank rates. Rates effective Feb 2026; subject to change per MAS guidelines.

Pros and Cons of UOB Home Loans

Pros

Fast Approval: Instant IPA for strong income profiles with full docs.[1]
Low Valuation Fee: Flat S$150 + GST for condos up to S$3M (vs S$400-600 elsewhere).[1]
Legal Subsidy & Rebates: Up to S$2,000 cash for refi >S$450k; vouchers for HDB/private.[1][2]
Free Conversion: 1 free switch after 24 months.[2][3]
Penalty Waivers: Up to 100% for sales on select packages.[1]
Online Promotions: Vouchers, miles; direct-to-bank perks.[1]

Cons

Higher min loan (S$250k) limits small HDB buyers.
Promos limited to new direct customers; conditions apply.[2]
Board rates post-lock-in can rise if UOB adjusts.
No explicit mention of landed property valuation perks.[1]

Best for mid-to-high value properties (S$500k+), professionals seeking speed, and eco-conscious buyers via Go Green.

UOB Home Loan Eligibility Criteria

Singapore buyers must meet MAS Total Debt Servicing Ratio (TDSR) ≤55% and Mortgage Servicing Ratio (MSR) ≤30% for HDB. Key requirements:

Singapore Citizen/PR with stable income ≥S$2,000/month (higher for private).
Age 21-65; max tenure 75 minus age.
Credit score ≥600; no bankruptcies.
LTV: Up to 75-90% for HDB first-timers per HDB rules.

Use Homejourney's mortgage calculator to check eligibility instantly.

UOB Home Loan Application Process Step-by-Step

Get IPA: Apply online via UOB site or Homejourney with Singpass for auto-fill. Docs: NRIC, income slips (3 months), CPF statements.[1]
Submit Full Application: Post-IPA, provide sale/purchase agreement, valuation report. Processing: 1-3 weeks for strong cases.[1]
Legal Completion: UOB subsidizes fees
Timeline: IPA instant; full approval 7-21 days.

Homejourney streamlines this: Submit one form at bank-rates for UOB + other banks simultaneously.

UOB Home Loan Refinance (UOB Refinance Review)

Refinance to UOB for cash rebates S$2,000+ and free conversion post-24 months. No conversion fees on select packages; waiver on sale penalties.[1] Ideal if current rate > SORA +0.70%.

Steps: Check 14-day MAS cooling-off; compare on Homejourney. Expect 50% penalty waiver if selling.

UOB Home Loan vs Other Banks

UOB excels in speed and fees but check DBS for fixed rates or OCBC for flexibility. See DBS Home Loan Review Complete vs Other Banks Comparison | Homejourney ">DBS review or OCBC Home Loan Review: Complete vs Other Banks Comparison | Homejourney ">OCBC comparison.

Homejourney lets banks compete: Apply once, get best UOB mortgage review offers.

UOB Customer Experience

UOB's app supports loan tracking, e-statements. Strong for existing customers (credit cards/savings). Refi digitalized; quick for high-income applicants.[1]