FlexiMortgage

A new way of looking at home loans

Been thinking of buying that dream house for a long while? But refuse to lock-in your cash in a traditional home loan?

Introducing a new kind of home loan for private residential property from UOB. FlexiMortgage gives you the benefit of having a home loan and an overdraft in one. Combining the stability of a competitively priced standard loan plus the power to use a low interest overdraft. And for even more flexibility you get to choose how you want to split your loan.

The stability of a competitively priced home loan.
Some people like scheduled payment. For those who prefer this stability, you will take a home loan as a traditional loan where you pay the principal plus interest on your loan every month

The flexibility of a low interest overdraft.
Some people are more flexible. For those who crave for more financial flexibility you will take a loan as a low interest overdraft. This allows you to make payments only on the interest. And you can pay off the overdraft anytime and anyway that you want.

What if you have both personalities?
FlexiMortgage is your answer. It has the characteristics of a stable home loan and flexibility of an overdraft.

If you are more flexible, you can choose a bigger portion of your loan as a low interest overdraft. If you prefer stability, you can choose to have a bigger portion of your loan as a home loan.

One home loan. Three big advantages.

1. Low monthly payments
2. Financial flexibility
3. A low interest credit line

You can decide from a wide range of our housing loan packages and get to enjoy a low interest rate overdraft at the same time.

A bridging loan for a smoother transition
If you are awaiting the receipts from the sale of your existing property, we can provide a bridging loan to help you make the necessary downpayment first. That way, you won't miss the chance to own your dream home.

You'll enjoy the following additional benefits:

• Low overdraft interest rate
• Free home fire insurance
• Free valuation
• No processing fee
• Preferential interest rate for Bridging Loan
• 5 years free subscription for UOB classic credit card
  

Terms and conditions apply

What are the requirements?

• You must be at least 21 years old
• Intend to purchase a private residential property

How do I apply?

• Fill up an application form or download it. (You will need Adobe Acrobat Reader to view this file. To download a copy, click here.)
• Visit any UOB Group Branch

Where can I get more information?

• SMS "FlexiNRICName" to 9024 1111
• Call us at 6388 2121

Important Information For Home Loans

1. The Board Rate (BR) quoted is applicable only for the loan package that you are interested in (eg. HDB flat financing at fixed rate). The financial indicator(s) against which that BR is benchmarked, such as the SIBOR, Prime Rate or CPF rate, will also be disclosed.
2. The BR offered for your loan package may be different from BRs offered to other customers for different loan packages.
3. The BR can be changed by the bank anytime, by giving 30 days' notice, depending on market conditions and/or changes in the financial indicator(s) against which the BR is benchmarked. This 30-day notice requirement does not apply to home loans benchmarked against market indices.
4. The loan repayment schedule for the loan package that you have chosen is available in either hard copy (on request) or soft copy in the form of a home loan calculator on the bank's website.
5. The Association of Banks in Singapore's (ABS) Consumer Guide on Home Loans is available and you are encouraged to get a copy from the bank and read it before committing to a loan. This guide is also available on the MoneySENSE and ABS websites in four official languages.