UOB delivers several home loan offers for HDB flat entrepreneurs, furnishing a substitute for the HDB Concessionary Financial loan. Their choices contain the two set-rate and floating-level deals, that happen to be usually pegged towards the three-Month Compounded SORA. For illustration, a advertising package deal may give a charge of three-Month Compounded SORA + 0.70% p.a. for the main two yrs, using a minimum amount bank loan size of S£250,000. For a fixed-fee choice, fees could be as little as 2.28% for the two-calendar year lock-in time period. Eligibility for your UOB mortgage is subject matter to meeting the whole Personal here debt Servicing Ratio (TDSR) of 55% and various credit score necessities. UOB also provides a unique "Go Eco-friendly Household Loan" for Qualities by using a BCA Environmentally friendly Mark certification, supplying funds rebates. On top of that, They're recognized for a lower valuation rate of just S£a hundred and fifty furthermore GST and provide a bridging mortgage choice for homeowners transitioning amongst Houses.