How much money can I borrow?
Need cash to pay off your home renovation work, children's college fees, or family getaway? UOB Personal Loan offers lending from RM5,000 to RM100,000 (RM50,000 for those self-employed) which you can repay over one to five years.
There's no need to appoint a guarantor or collateral to secure your UOB Personal Loan - just submit your application form with supporting documents and the bank will do the rest without all the fuss.
Can I apply for this UOB Personal Loan?
The minimum income requirement to apply for this loan will depend if you're a salaried employee or self-employed.
If you get paid a salary, you'll need need to earn RM2,000 to be eligible for this UOB loan. If you're self-employed, that means if you're working as a freelancer or own your own business, you'll have to earn at least RM3,000.
The higher your monthly income, the lower your interest payments will be!
How much does this personal loan cost?
There's good news - UOB does not charge any application or processing fees for a personal loan.
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.
You can make your monthly payments at any UOB branch using the cash or cheque deposit machines, IBG cash transfers, or internet banking.
Can I settle my UOB Personal Loan earlier?
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.
What do I need to apply for this personal loan?
You will need to prepare some personal documents before making your way to your nearest UOB branch.
If you're a salaried Employee:
- Copy of NRIC (front and back)
- Latest salary slips
- Latest EPT statement
- Latest B/BE form with copy of tax payment receipt
- Latest bank statements
If you're self-employed:
- 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