UOB Debt Consolidation Plan

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Key Features

  • 4.5%
    Interest Rate*
  • S$0
    Processing Fee
  • Up to 8 years
    loan tenure

Other Features

  • Get a fixed interest rate starting as low as 4.5% p.a. (EIR: 8.22% p.a.) or,
  • Opt for greater flexibility and start with lower monthly repayments with the Tiered Interest rate offer. This option offers interest rates starting at 2.28% p.a. for the first year and 6.28% p.a. (EIR: 9.04% p.a.) for subsequent years, for a 6-year loan. You can also choose from options for 7 or 8 year loans.
  • Enjoy a loan tenure of up to 8 years.
  • No processing fees.

Eligibility

Singaporean/PR Minimum Income
  • Card application is subjected to customers meeting the regulatory minimum income requirement and internal assessment.
Non-Singaporean Minimum Income
  • Card application is subjected to customers meeting the regulatory minimum income requirement and internal assessment.

Fees and Charges

  • Late Payment Fee: S$90
  • Partial Repayment Penalty: Not Permitted
  • Full Repayment Penalty: Fixed Interest Rate offer with up to 6 years loan tenure: 5% of outstanding balance of S$200 (whichever is higher); or Fixed Interest Rate offer with 7 or 8 years loan tenure and all Tiered Interest Rate offer: 8% of outstanding balance of S$300 (whichever is higher)

Review

By LOANPANDA

The UOB Debt Consolidation Plan is a flexible solution to consolidate outstanding debts with a loan tenure of up to 8 years. Customers can choose a fixed interest rate starting at 4.5% p.a. or a tiered interest rate option for greater flexibility. There are no processing fees and customers can benefit from a loan repayment plan that suits their financial needs.

Eligibility is subject to regulatory minimum income requirements and internal assessment. Late payment fees apply and partial repayment is not permitted. Full repayment penalty varies depending on the loan tenure and outstanding balance.

FAQ

A credit card is a convenient tool for people to pay for purchases today, offering many perks and rewards that can add up to more savings for the cardholders.

While there are so many types of credit cards offering different features, you may wonder: How best to choose one that suits you?

Here’s a short guide LOANPANDA has compiled to help you understand the credit card requirements, interest rates and basic payment terms.

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