UOB Home Loan Review: Rates & Fees 2026 | Homejourney

UOB Home Loan Review Complete Rates and Fees Explained: UOB offers competitive SORA-based packages starting at 3M Compounded SORA + 0.70% p.a. for the first two years (effective ~1.55% as of Feb 2026), with 2-year lock-ins, low valuation fees of $150 + GST, and sign-up gifts up to S$2,500 cash plus vouchers for loans over S$450k.[1][2][3]

Homejourney prioritizes your safety and trust by verifying real-time rates from UOB and other banks like DBS, OCBC, and HSBC. This cluster dives deep into UOB's UOB home loan offerings, linking back to our pillar guide on UOB Home Loan Review 2026: Complete Guide for full coverage.UOB Home Loan Review 2026: Complete Guide | Homejourney

UOB Bank Overview: A Singapore Mortgage Leader

United Overseas Bank (UOB), founded in 1935 and headquartered in Singapore, dominates the local mortgage market as one of the Big 3 banks holding over 80% share alongside DBS and OCBC.[1] UOB specializes in residential financing for HDB flats and private properties, plus commercial loans.

Key UOB housing loan USPs include fast approvals for strong profiles, legal subsidies for refinances under S$450k, and occasional free conversions after lock-ins.[1] For HDB buyers, UOB's packages align with HDB/CPF rules, making it ideal for first-timers in areas like Punggol or Tengah.

Insider tip: UOB's Southeast Asia network benefits expats or investors with regional ties, but always check TDSR compliance via Homejourney's calculator at https://www.homejourney.sg/bank-rates#calculator.[2][3]

UOB Home Loan Products and Current Rates (Feb 2026)

UOB's core packages are SORA-based for HDB and private properties, with minimum loan sizes of S$250k. Promotional rates for new direct-to-bank customers:[2][3][6]

SORA Promotional (Years 1-2): 3M Compounded SORA + 0.70% p.a. (~1.55% effective).[1][2]
Year 3: 3M Compounded SORA + 0.80% p.a.
Year 4+: 3M Compounded SORA + 1.00% p.a.
Lock-in: 2 years, with 1 free conversion after 24 months.[2]

Standard package: 3M SORA + 0.80% from Year 1, rising to +1.00% after Year 3.[6] Compare instantly on Homejourney's bank-rates page against DBS (often lower fixed) or OCBC.[7]

The chart below shows recent interest rate trends in Singapore:

SORA has stabilized post-peak, with UOB forecasting bottoms in Q2 2026 – perfect for UOB refinance timing.[4] Rates beat market averages (floating from 1.09%, fixed 1.30%).[7]

UOB Mortgage Review: Fees, Penalties, and Perks

Key Fees:

Valuation: Flat S$150 + GST (lowest in Singapore for condos up to S$3m).[1]
Conversion: ~S$500 typically, but free offers post-lock-in.[1]
Legal Subsidy: Full for refinances < S$450k; cash rebates > S$450k.[1]
Penalty Waiver: Up to 50-100% on sale for select packages.[1]

Sign-up gifts (refinance, completed properties): S$2,000 cash for S$450k+, plus Takashimaya vouchers up to S$1,000 for S$1.5m+ loans. New purchases get vouchers from S$500k.[2][3] Processing is fast – IPAs often instant for salaried applicants meeting MAS TDSR (60% debt servicing ratio).

Disclaimer: Rates/promos valid as of Feb 2026; subject to change. Homejourney verifies data for your confident decisions – not financial advice; consult professionals.[1][2]

Pros and Cons of UOB Home Loan

Pros:

Competitive UOB fixed rate equivalents via short lock-ins.[1][2]
Low fees, gifts, and quick approvals – great for HDB upgraders.[3]
Strong for refinancers with waiver perks.[1]

Cons:

Higher spreads post-Year 2 vs. some peers like Maybank.[7]
Min loan S$250k excludes smaller HDB loans.
Promos limited to direct applications.[2]

Best for: First-time buyers or refinancers with UOB accounts. See Who Should Choose UOB Home Loan? 2026 Review.Who Should Choose UOB Home Loan? 2026 Review | Homejourney

UOB Application Process: Steps and Tips

1. Check eligibility on Homejourney: Use Singpass for instant TDSR calc.
2. Gather docs: NRIC, income proof (last 3 payslips), property details.
3. Apply online/direct: Via UOB site or Homejourney's multi-bank system – one form gets offers from UOB, HSBC, etc.
4. Approval: 1-7 days for IPA; full in 2-4 weeks.
5. Disburse post-legal.[1]

Pro tip: Apply via https://www.homejourney.sg/bank-rates for Singpass auto-fill, real-time rates, and broker guidance. Track SORA live on Homejourney.

Customer Experience and Refinancing with UOB

UOB's app excels in digital servicing; refinancing is seamless with waivers.[1] Users praise fast processing but note promo fine print. Homejourney users love our one-click comparisons to Standard Chartered or CIMB.

For properties in Projects , pair with Homejourney's search: https://www.homejourney.sg/search.