UOB offers several home loan offers for HDB flat entrepreneurs, providing a substitute for the HDB Concessionary Financial loan. Their choices include both of those fastened-charge and floating-rate deals, that happen to be usually pegged to the 3-Month Compounded SORA. For example, a advertising offer may possibly offer a fee of 3-Month Compounded SORA + 0.70% p.a. for the first two a long time, which has a minimal financial loan size of S£250,000. For a fixed-rate alternative, fees could be as little as 2.28% to get a two-12 months lock-in period. Eligibility for the UOB bank loan is topic to Assembly the Total Financial debt Servicing Ratio (TDSR) of fifty five% along with other credit history demands. UOB also provides a novel "Go Environmentally friendly House Bank loan" for Houses with a BCA Green Mark certification, supplying income rebates. Also, they are noted for a small valuation rate of just S£one read more hundred fifty in addition GST and provide a bridging mortgage selection for homeowners transitioning between Attributes.