How to apply for a UOB Personal Loan
How much money can I borrow?
This UOB Personal Loan offers borrowing from RM5,000 to RM50,000, repayable over one to five years.
How much does this personal loan cost?
UOB does not charge any application or processing fees for a personal loan. You will need to pay a Stamp Duty fee that amounts to 0.5% of the sum that you borrow.
What do I need to apply for this personal loan?
There is no requirement to pay a deposit or find a guarantor when you apply for a UOB loan. You will need to supply some personal documents with your application form:
- Copy of NRIC (front and back).
- Latest B/BE form with copy of tax payment receipt.
- Previous 6 month’s bank statements.
- Form 9, 24 & 49 or Company and/or Business Registration
How do I get my hands on the money?
Your UOB personal loan application will be processed within a few business days. Once approved, funds will be transferred to the bank account you have selected in your loan agreement.
How do I pay the money back?
The loan repayment schedule will be detailed in your application approval document. Usually payments begin the month following the date you receive your loan and continue at monthly intervals until the loan has been completely repaid.
Can I settle my UOB Personal Loan before the agreement ends?
Yes, you can pay off your loan in full at any time. UOB will charge you a one-off fee of 3% of the total borrowed amount or RM300 (whichever is greater) as an Early Termination fee.