UOB Home Loan Review: Rates & Fees Explained by Homejourney
UOB home loans offer competitive SORA-based rates starting from 3M Compounded SORA + 0.70% p.a. for the first two years, with low fees like a flat $150 + GST valuation for condos up to $3M. This UOB Home Loan Review Complete Rates and Fees Explained breaks down everything Singapore buyers need for informed decisions on Homejourney, prioritizing your safety and trust.[2][1]
Why Review UOB Home Loans in 2026?
United Overseas Bank (UOB), one of Singapore's Big 3 banks since 1935, holds over 80% market share with DBS and OCBC. UOB stands out for fast approvals, legal subsidies, and promotions like up to S$2,700 vouchers for online HDB or private property applications until 31 March 2026. As part of our pillar on Singapore home loans, this cluster dives into UOB's UOB mortgage review specifics for HDB upgraders and private investors.[1][2][3]
Homejourney verifies rates daily, helping you compare UOB against DBS, OCBC, HSBC, and more at https://www.homejourney.sg/bank-rates. Use our eligibility calculator to check borrowing power under TDSR rules before committing.[1]
UOB Home Loan Products and Current Rates
UOB provides SORA promotional packages for HDB and private properties, with fixed-rate options available via specialists. Minimum loan size is S$250,000 for select packages. Key features include 2-year lock-in, 1 free conversion after 24 months, and prepayment flexibility.[2][3]
| Package | Year 1-2 | Year 3 | Year 4+ | Lock-in |
|---|---|---|---|---|
| SORA Promotional (HDB/Private) | 3M SORA + 0.70% p.a. | 3M SORA + 0.80% p.a. | 3M SORA + 1.00% p.a. | 2 years |
With 3M SORA around 2.8-3.0% in early 2026, effective rates start at ~3.5% initially, competitive vs market averages. UOB forecasts rates bottoming in Q2 2026, ideal for locking fixed rates now. Check real-time SORA on Homejourney's mortgage calculator.[2][3][4]
The chart below shows recent interest rate trends in Singapore:
Rates have stabilized post-peak, per UOB outlook, making this a good window for UOB fixed rate or SORA packages.[4]
UOB Home Loan Fees and Charges Explained
UOB keeps fees low: flat $150 + GST valuation for condos up to $3M (lowest in Singapore), saving S$250-450 vs peers. Refinancing offers legal subsidy for loans < S$450,000 or cash rebates > S$450,000. Penalties: Standard 1.5% for early redemption in lock-in, but 50-100% waivers on sale for select packages. Free conversion post-lock-in avoids S$500 fees.[1][2]
- Valuation: S$150 + GST (condos < $3M)
- Legal Subsidy: Up to full coverage for refi < S$450k
- Processing Fee: Waived for online promos
- Conversion Fee: Free after 24 months (selected)
Always confirm with UOB's letter of offer. Homejourney's multi-bank tool lets banks compete, often waiving fees for you.[1]
Pros and Cons of UOB Housing Loans
Pros: Fast IPA for strong profiles, online vouchers (e.g., S$2,000 cash + Takashimaya for S$500k+ refi), Southeast Asia network for expats. Best for HDB buyers near UOB branches like Bras Basah (5-min walk from City Hall MRT Exit A).[1][2][3]
Cons: Limited tranche promos may exclude deviated rates; no full details on board rates online—contact specialists. Compare via Homejourney to see if OCBC or DBS edges on longer fixed terms.[1]
| Pros | Cons | |
|---|---|---|
| Best For | HDB refi, quick approval | Limited tranches |
| Rates/Fees | Low valuation, subsidies | 2-yr lock-in standard |
UOB suits first-timers under 65, Singaporeans/PRs/foreigners eligible for up to 75% LTV.[3]
UOB Refinance Process and Tips
For UOB refinance, apply online for vouchers. Documents: NRIC, income proof (last 3 payslips), property docs, Singpass for auto-fill. Timeline: Instant IPA, full approval 1-2 weeks. Insider tip: Apply end-month when quotas reset for better promo access.[1][2]
- Check eligibility on Homejourney calculator
- Compare rates at bank-rates vs DBS/HSBC
- Submit multi-bank app via Singpass—one form, multiple offers
- Review LO for subsidies/waivers
- Disburse post-legal completion
Link to our full UOB review: UOB Home Loan Review 2026: Complete Guide by Homejourney . Homejourney ensures safe transactions with verified data.[1]
Customer Experience and Homejourney Advantages
UOB's app offers real-time repayments, but service shines for existing customers. Refinancing is digital, with waivers common amid competition. Homejourney elevates this: Compare UOB UOB home loan live with 12 banks, apply simultaneously, connect with our mortgage brokers for personalized advice. Prioritizing your security, we use Singpass for paperless, fast approvals.[1][2]
Search budget-friendly HDBs on Homejourney property search post-approval.
FAQ: UOB Home Loan Questions
What is the minimum age for UOB home loan? 21-65 years old; Singapore Citizens, PRs, foreigners eligible.[3]
Are there penalties for selling during lock-in? 50-100% waiver on select packages.[1]
How does UOB compare for refinancing? Strong with cash rebates S$2,000+; use Homejourney to pit against Standard Chartered—see Standard Chartered Home Loan Review 2026: Rates & Fees Explained .[2][3]
Current lowest UOB rate? 3M SORA + 0.70% (Years 1-2, min S$250k).[2]
Best for first-time buyers? Yes, for HDB; compare banks on Homejourney for top picks Best Bank for First-Time Home Buyers vs Others: 2026 Comparison | Homejourney .[3]
Disclaimer: Rates as of Jan 2026; subject to change. Homejourney provides info, not financial advice—consult professionals. This cluster supports our pillar on Singapore mortgages.
Ready for the best deal? Visit https://www.homejourney.sg/bank-rates to compare UOB and apply safely with Homejourney today.
