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UOB Personal Loan Review Singapore

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Enjoy competitive loans with near-instant cash withdrawal and flexible repayment terms.

  • UOB Personal Loans come with 1% processing fee and quick cash disbursement.
  • The effective interest rate of 8.53% is relatively higher than that offered by other personal loans.

UOB offers an array of personal finance products to meet your financial needs. The UOB Personal Loan, in particular, offers a flat interest rate of 3.68% per annum over a repayment term of 1 - 5 years. What’s more, the UOB Personal Loan in Singapore comes with no processing fees and a quick cash disbursement turnaround period.

Discover the basics of a personal loan from UOB including fees involved and pros and cons to weigh.


EIR: 7.21%

Interest Rate From

Up to 95% of your available credit limit

Maximum Loan Amount

1 - 5 years

Loan Tenure


Interest Rate From3.68% 

EIR: 7.21%

Minimum Loan AmountS$1,000
Maximum Loan AmountUp to 95% of your available credit limit
Loan Tenure1 - 5 years
Approval DurationInstant approval
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Pros and cons


  • Guaranteed, flat interest rate of 3.68% p.a for all loan amount and tenure
  • Low minimum loan amount from S$1,000
  • Instant approval for UOB credit cardholders who apply online during business hours (8am to 9pm)


  • Does not offer the most competitive interest rates
  • Borrowers who require loans longer than 5 years
  • Early redemption will incur charge of $150 or 3% of the outstanding loan amount

Main points to consider with a UOB Personal Loan

Your UOB Personal Loan may generally be put to a wide range of uses. Loans start at S$1,000 while loan repayment terms range from 1 - 5 years. Unlike standard banks that offer loans of up to 80% of your credit limit, UOB offers up to 95% of your credit limit as long as you’re a UOB customer.

Features of a UOB Personal Loan

  • Interest rate. UOB has a flat interest rate of 3.68% per annum, which translates to an EIR of approximately 7.21% to 8.53% per annum.
  • Fixed monthly repayments. With regular monthly payment amounts, you can better manage your finances and avoid defaulting on your plan.
  • Quick funds disbursal. You may instantly withdraw cash upon approval on the condition that your loan application had been submitted between 8am and 9pm online.
  • Flexible repayment periods. Repay your loan over loan tenures ranging from 1 - 5 years.

How much does a UOB Personal Loan cost?

The fees you could encounter with a UOB Personal Loan ultimately depends on your income, borrowing amount, repayment scheme and loan type. In general, you may encounter:

  • Processing fees. A once-off 1% processing fee applies to UOB Personal Loans.
  • Interest rate fees. Effective interest rates will differ depending on your loan tenture, as shown below.
          UOB Personal Loan tenure (months)Effective interest rates (% p.a.)

          In light of these charges, make sure you read your loan terms carefully so that you know exactly which types of fees you may be liable for. For a comprehensive list of potential costs, refer to our breakdown of personal loan fees here.

          UOB Personal Loan vs UOB Cash Plus: which is for you?

          As a personal loan, the UOB Personal Loan involves a fixed borrowing amount, repayment term and monthly instalments.

          UOB Cash Plus, on the other hand, is a standby line of credit. This means that you’ll only be charged interest on the amount you use. Just like a credit card, this interest may be repaid each month. Alternatively, you could roll over part of this sum to the subsequent month’s payment.

          Ultimately, whether you should choose a UOB Personal Loan or UOB Cash Plus depends on your borrowing needs and preferred repayment terms. These are two different types of financial products, so they naturally come with unique fees, borrowing amounts and loan terms. Consider your reason for borrowing before choosing between these two options.

          How to apply

          Existing customers

          Existing UOB credit card or CashPlus customers can apply online on via UOB’s website. Click Go to site on this page to kickstart your application.

          New customers

          New customers need to simultaneously apply for either a UOB credit card or a CashPlus account along with a UOB Personal Loan. UOB allows you to do so online on their website. Before signing up, check through the stated eligibility requirements to ensure that you may apply for your desired loan.

          UOB Personal Loan eligibility requirements are as follows.

          • The borrower must be an existing UOB credit card or CashPlus customer.
          • The borrower must be a Singapore Citizen or Permanent Resident.
          • The borrower must be between the ages of 21 to 60 years old.
          • The borrower must have a minimum annual income of S$30,000.

          Additionally, you should have the following documents on hand when filling up the application.

          For Salaried Employees

          Documents Required:

          • Latest 12 months’ CPF Contribution History Statement
          • Latest Income Tax Notice of Assessment
          • A photocopy of your NRIC (front and back)
          • Latest telephone or utilities bill (for applicants with an annual income of S$20,000 to S$29,999)
          • Latest three-month computerised payslip
          For Commission-based Earners

          Documents Required:

          • Latest 12 months’ CPF Contribution History Statement
          • Latest two years’ Income Tax Notice of Assessment
          For the Self-employed

          Documents Required:

          • Last Income Tax Notice of Assessment (NOA)
          • Latest two years’ Income Tax Notice of Assessment

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