• 4.99% p.a. Interest Rate and 9.48% to 10.88% p.a. EIR for online applications during promotional period
• Loan tenures of 12 – 60 months
• 1% processing fee
• $1,000 minimum loan amount
• Processing time may take a few working days
• Require borrowers to have a UOB CashPlus account or UOB credit card
• Best personal loan promotion package

UOB offer loans for customers under programmes of UOB CashPlus Personal Loan (CPPL) or UOB Credit Cards Personal Loan (CCPL) with fixed monthly repayments. Minimum loan amount is $1,000 and the loan tenure ranges from 12 – 60 months. Borrowers can apply for up to 6x of their monthly salary. A processing fee of 1% and a flat interest rate of 4.99% p.a. applies for all loan applications made online. EIR ranges from 9.48% to 10.88% depending on the loan repayment period. The shorter the loan tenure, the higher the EIR.

Consumers need to have a UOB CashPlus account or a UOB credit card in order to attain the loan as the money will be disbursed there. However, UOB loan processing may take a few working days which makes it unsuitable for borrowers who are urgently in need of cash.