UOB provides different home financial loan offers for HDB flat homeowners, delivering a substitute for the HDB Concessionary Mortgage. Their offerings incorporate both of those fixed-price and floating-charge deals, which happen to be generally pegged to the three-Thirty day period Compounded SORA. For illustration, a advertising bundle may possibly give a fee of 3-Thirty day period Compounded SORA + 0.70% p.a. for the very first two many years, with a least bank loan size of S£250,000. For a hard and fast-charge choice, fees might be as low as 2.28% for just a two-year lock-in period of time. Eligibility to get a UOB financial loan is subject to Assembly the overall Debt Servicing Ratio (TDSR) of 55% and various credit score prerequisites. UOB also provides a novel "Go Environmentally friendly House Bank loan" for Homes that has a BCA Environmentally friendly Mark certification, providing money rebates. Furthermore, These are recognized for a lower valuation price of just S$a hundred and fifty plus website GST and supply a bridging financial loan choice for homeowners transitioning among properties.