• Interest Rate (p.a.)

    17.95% - 17.95%

  • Loan Tenure

    1 - 7 years

  • Approval Duration

    Up to 7 business days

  • Min. monthly income

    S$2,500

Loan calculator
Loan amount
S$
Loan tenure
year
Monthly salaryRM0
Interest Rate (p.a.)

0

Monthly Repayment

S$0

Total Interest PayableS$0
Total Amount PayableS$0
What's so great about UOB CashPlus?
  • Flat rate starts from 8.00% per annum
  • Generous limit up to 6X of your monthly salary or S$200,000
  • Earn interest on excess balances like a savings account

Product Features

Min. financing amountS$5,000
Max.financing amount Up to 6X fixed monthly salary or up to S$200,000
Min. loan tenure1 year
Max. loan tenure7 years
Interest rateFlat rate starts from 8.00% p.a.
Approval durationUp to 7 business days
Debt consolidationYes

Fees & Charges

One time set up
Processing fee1.8%
Stamp dutyN/A
Annual fee$80
Penalties
Late payment chargesS$90
Other penaltiesMinimum monthly payment - The higher of S$30 or 2.5% of current outstanding balance, plus any overdue amounts

Eligibility

Age requirementAge 21 - 65
Employment eligibilitySingaporean citizens and permanent residents
Min. salary requirementS$2,500 gross per month

Other Requirements

Need to open linked banked account?No

Product Review byiMoney

UOB CashPlus Personal Loan - FAQ

What is the maximum amount you can borrow?

You can borrow up to six times of your fixed monthly gross salary or up to S$200,000

The catch?

Applicant must be 21 years old and above

Applicant must be a Singaporean citizen or permanent resident with a minimum gross salary of S$2,500 per month.

What will it cost you and how will you be charged?

Annual fee :
  • S$80
  • Flexible term loan :
  • You can choose to repay your loan flexibly up to 7 years
  • Late payment fee :
  • SS$90
  • Default interest rate :
  • 23.95% p.a.
  • Minimum monthly payment :
  • The higher of S$30 or 2.5% of current outstanding balance, plus any overdue amounts
  • How long will the application take and what documentations are required?

    Upon completing an application with iMoney, you may expect a call from the respected bank within the same business day to confirm your application.

    Thereafter, UOB Bank will require an average of seven business days (not including Saturday, Sunday, and public holidays) before approval or disbursement.

    You are required to furnish the following documents for your loan application:

      Employee of non-MNC or private limited company:
    • Photocopy of NRIC (both sides)
    • Proof of Income:
      • Salaried Employee:

      • 1) Latest Computerised Payslip OR
        2) CPF Contribution Statement for past 12 months OR
        3) Latest Income Tax Notice of Assessment (NOA)
      Self-employed applicants:
      Photocopy of NRIC (both sides)
    • Proof of Income:

    • 1) Income Tax Notices of Assessment (NOA) for past 2 years
    • Any other documents as may be requested by the Bank at its sole discretion
      Applicants earning commission:
      Photocopy of NRIC (both sides)
    • Proof of Income:
    • Variable Income/Commission Based Earner:

    • 1) Latest 6 months Computerised Payslip OR
      2) CPF Contribution Statement for past 12 months OR
      3) Latest Income Tax Notice of Assessment (NOA)

    Can you apply if you have a bad credit score in CBS/ FICO/ DP credit bureau?

    Your personal loan application is likely to get rejected if you have a bad credit score. Late payments or missed payments are some of the major are some of the major contributors to a bad credit score. If you currently have an unsatisfactory credit score, take steps to rebuild it by clearing overdue payments. Make full and timely payments on your debts for 6 months before reapplying.


    If you are looking for personal loans offered by other banks in the Singapore, you may also consider:

    OCBC EasiCredit
  • Start getting things done with OCBC EasiCredit as applicants are allowed to choose on the repayment period (maximum 7 years). With an effective interest rate starts from 19.88% up to 29.95% per annum, applicants can take loan up to 6X of monthly salary with an approval duration and loan disbursement of only 3 minutes. To enjoy this personal loan, a minimum of S$1,667 of monthly income is required

  • HSBC Personal Loan
  • Enjoy HSBC’s Personal Loan with an interest rate from 6.50% up to 9.50% p.a. with maximum loan tenure of 7 years. Applicants are assured with approval duration within an hour and cash up to 8 times of monthly income on the next day.

  • You can also take a look at the full line-up of Fast Approval Personal Loans in Singapore listed on our website and choose which is the right one for you.