UOB provides various property loan offers for HDB flat proprietors, providing a substitute for the HDB Concessionary Financial loan. Their offerings consist of both of those mounted-level and floating-price packages, that are typically pegged into the three-Thirty day period Compounded SORA. As an illustration, a marketing offer may give a fee of 3-Thirty day period Compounded SORA + 0.70% p.a. for the main two decades, that has a bare minimum bank loan dimension of S£250,000. For a fixed-rate possibility, costs may be as little as two.28% for the two-yr lock-in period. Eligibility for the UOB loan is subject matter to Conference the whole Debt Servicing Ratio (TDSR) of 55% and other credit rating prerequisites. UOB also offers a unique "Go Inexperienced Home Mortgage" for Houses with a BCA Green Mark certification, offering hard cash rebates. In addition, They can be recognized for a lower here valuation cost of just S£one hundred fifty in addition GST and provide a bridging mortgage option for homeowners transitioning amongst Qualities.