UOB Home Loan Review: Complete Rates & Fees Explained

United Overseas Bank (UOB) offers competitive home loan packages in Singapore with promotional SORA rates starting from 3M Compounded SORA + 0.70% p.a. for the first two years, minimum loan size S$250,000, and attractive cash rebates up to S$2,800 for refinancing.

At Homejourney, we prioritize your safety and trust by verifying all bank rates in real-time, helping you make confident decisions on UOB home loans or refinancing. This cluster article dives deep into UOB's 2026 rates and fees, linking back to our comprehensive pillar guide on Singapore Home Loans 2026: The Complete Guide by Homejourney for broader insights.

UOB Bank Overview and Home Loan Types

Incorporated in 1935, UOB is one of Singapore's Big 3 banks with over 80% market share in mortgages alongside DBS and OCBC.

UOB provides HDB home loans and private property loans, including SORA-pegged promotional packages, fixed-rate options, and refinancing deals.

Key unique features include fast approvals for strong profiles, legal subsidies for loans under S$450,000, and the lowest valuation fee at S$150 + GST for condos up to S$3 million.[1][2][3]

Current UOB Home Loan Rates in 2026

UOB's flagship SORA Promotional package (limited tranche for new direct-to-bank customers) offers:

Year 1-2: 3M Compounded SORA + 0.70% p.a.
Year 3: 3M Compounded SORA + 0.80% p.a.
Year 4+: 3M Compounded SORA + 1.00% p.a.
Lock-in: 2 years
Min. loan: S$250,000 for both HDB and private properties[2][3]

Effective rates depend on current 3M SORA (around 2.8-3.0% as of early 2026), making initial rates approximately 3.5-3.7% p.a.[7]

The chart below shows recent interest rate trends in Singapore:

As seen in the chart, SORA rates are expected to bottom out by Q2 2026 per UOB forecasts, ideal for locking in now.[6]

Compare these instantly with DBS, OCBC, and others on Homejourney's bank rates page.

UOB Home Loan Fees and Charges Explained

UOB stands out with borrower-friendly fees:

Valuation Fee: Flat S$150 + GST (lowest in market for condos < S$3m)[1]
Legal Subsidy: For refinancing loans < S$450,000; cash rebate S$2,000+ for larger loans[1][2]
Conversion Fee: 1 free conversion after 24 months; typically ~S$500 otherwise[1]
Penalty Waiver on Sale: Up to 50-100% on select packages[1]
Processing Fee: Often waived for online applications

Promotions include up to S$2,700 vouchers (S$2,500 cash + Takashimaya vouchers) for loans ≥S$1m, valid till 31 March 2026.[2][3][9]

Always check for clawbacks if refinancing early—Homejourney's eligibility calculator at https://www.homejourney.sg/bank-rates#calculator factors in these costs.

Pros and Cons of UOB Home Loans

Pros:

Competitive introductory SORA spreads and fixed options[1][7]
Quick digital approvals, especially for HDB buyers[1][2]
Generous rebates and lowest valuation fees, saving hundreds[1]
Free conversion post-lock-in and online promotions like air miles[1]

Cons:

Limited tranches for best promotional rates (min S$500k for some deals)[1]
Post-promo spreads (1.00%+) may exceed peers like DBS fixed rates[4]
No mention of extended lock-ins beyond 2-3 years in promos

UOB suits HDB upgraders and private property buyers with strong income profiles seeking fast processing and rebates. For side-by-side vs OCBC or DBS, see DBS Home Loan Review Complete vs Other Banks Comparison | Homejourney and OCBC Home Loan Review: Complete vs Other Banks Comparison | Homejourney .

UOB Home Loan Application Process

Check Eligibility: Use Homejourney's calculator to assess TDSR compliance (max 55% of income).[Link to calculator]
Gather Docs: NRIC, income proof (last 3 payslips), property details, Singpass for auto-fill.
Apply Online: Via UOB site or Homejourney's multi-bank system—submit once, get offers from UOB, HSBC, Maybank, etc.
Timeline: Instant IPA for qualified applicants; full approval 1-2 weeks[1]
Approval Criteria: Singaporean/PR min age 21, stable income ≥S$3,000/month, good credit.

Streamline with Singpass on Homejourney bank-rates: banks compete for you, faster approvals, less paperwork.

Customer Experience and Refinancing with UOB

UOB excels in digital banking with robust online portals for repayments and rate switches.

Refinancing perks include cash rebates >S$450k and waiver promotions, but watch 2-year lock-in penalties (~1.5% of loan).[1]

Homejourney users report seamless multi-bank refinancing—track real-time SORA on our platform to time your UOB refinance perfectly.

Homejourney Tips for UOB Home Loan Success

As Singapore property experts, our insider advice:

Apply direct-to-bank for promos if ≥S$500k; otherwise use Homejourney for comparisons.
Time apps before Q2 2026 rate bottom[6].
Pair with property search on Homejourney property search to find HDB/condos within budget.
Post-purchase, maintain with Homejourney aircon services.

Disclaimer: Rates change; this is not financial advice. Consult professionals. Data as of Feb 2026 from UOB/MAS sources.[1][2][3]

FAQ: UOB Home Loan Questions

What is the minimum loan for UOB's best SORA promo?
S$250,000 for HDB/private; S$500k for 1.09% effective min.[1][2]

Are there fees for switching UOB packages?
1 free conversion after 24 months; else ~S$500.[1]

Can I refinance UOB loan early?
Possible with rebates, but lock-in penalties apply unless waived.[1]

How does UOB compare to DBS/OCBC?
UOB leads on fees/rebates; check Homejourney for live comparisons.

Is UOB good for first-time HDB buyers?
Yes—competitive rates, vouchers up to S$700 for S$300k+ loans.[2]

Ready for your UOB home loan or refinance? Start safely on Homejourney bank-rates—compare, calculate, apply today. Explore our pillar: Singapore Home Loans 2026 Complete Guide.