A UOB personal loan is marketed at 1.00% p.a., but the number that actually leaves your bank account is the EIR, which starts at 1.93% p.a. and climbs to 17.62% p.a. once your credit profile is priced in (UOB, as of October 2026). The headline rate is the lowest published rate, not the rate most people get. This guide gives you the verified 2026 figures, the up-to-2% cash rebate running until 31 October 2026, every fee, the income and age rules, and a side-by-side check against rival banks so you can see whether UOB is genuinely the cheapest option for your amount and tenure.
UOB quotes its personal loan from 1.00% p.a. (flat) with an Effective Interest Rate from 1.93% p.a., and the ceiling sits at 8% p.a. flat, or 17.62% p.a. EIR, as of October 2026. The flat rate charges interest on the full original sum for the whole tenure even as you pay it down, so the EIR roughly doubles it. The EIR is the best single number to compare across banks, as long as you check it includes every fee, and then you weigh any rebate and the early-exit charge.
Your personalised rate is set by your income, credit bureau score, and existing debt. The advertised floor is reserved for the strongest profiles, so treat 1.00% as a best case and budget against the EIR. If you want to understand why the flat-to-EIR gap exists before you commit, the mechanics are broken down in our guide to cheap-interest personal loans.
Update, 13 October 2026: UOB has extended the cash rebate, which was due to end on 30 June 2026, to 31 October 2026. The rebate terms, the rates and the fees have not changed. UOB is running a cash rebate of up to 2% on approved loans of S$10,000 or more taken over a minimum 36-month tenure, valid until 31 October 2026, for applications made directly through UOB's Personal Loan page (UOB, as of October 2026). UOB's Personal Financing overview page still gives a S$15,000 minimum, so confirm the figure in the promotion terms before you apply. On UOB's own worked example, a S$250,000 loan over three years earns a S$5,000 rebate. The rebate offsets your interest cost, but it only pays out if you hit both the amount and the tenure threshold, so a short 12-month loan or a S$5,000 loan will not qualify.
A rebate is not a lower rate. Run the EIR first, subtract the rebate, then compare. A 2% rebate on a loan that carries a high personalised EIR can still cost more than a rival's lower rate with no rebate. Promotions change often, so confirm the live terms on UOB's page before you apply.
UOB waives the processing fee across all tenures, which is genuinely useful since some lenders charge 1% to 3% upfront. The fee that catches people out is the early cancellation charge: S$150 or 3% of your outstanding balance, whichever is higher. If you plan to clear the loan early, that 3% can wipe out any interest you saved by settling ahead of schedule.
| Fee | Amount |
|---|---|
| Processing fee | Waived (all tenures) |
| Early cancellation / settlement | S$150 or 3% of outstanding balance, whichever is higher |
| Late payment (drawn from credit card limit) | Your card's prevailing late charge, plus finance charges |
| Late payment (drawn from CashPlus credit line) | CashPlus overdraft charges |
The UOB personal loan is for Singapore Citizens and Permanent Residents aged 21 to 65 with a minimum annual income of S$30,000. Foreigners are not eligible for this specific product, which differs from some rivals that lend to work-pass holders at higher income floors. You also need a UOB Credit Card or CashPlus account: if you do not have one, you apply for it at the same time and it has to be approved first.
UOB sets a minimum loan of S$1,000 and does not publish a maximum; it says the approved amount can be lower than the amount you request. On top of that, MAS limits the interest-bearing unsecured debt you carry across all banks to 12 times your monthly income. Card balances you roll over and unsecured loans count, and if you stay above the limit for three months in a row, your existing facilities are suspended and you cannot get new ones (MAS, as of October 2026). Before you apply, sanity-check your overall debt load with our financial health calculator.
UOB gives instant approval when you apply with an existing UOB Credit Card or CashPlus account, and the money is paid out automatically once the loan is approved. If you apply for a new card or CashPlus account at the same time, the loan is only processed after that account is approved. The fastest route is to already hold a UOB Credit Card or CashPlus line.
One practical limit: the money cannot be paid into your UOB Credit Card or CashPlus account, so you cannot use this loan to pay down those UOB balances directly. UOB does list paying off debts at other banks as an allowed use. For how a bank loan compares with an HDB loan on a bigger borrowing decision, see HDB loan vs bank loan.
Update, 13 October 2026: the rival banks' rows now use their October 2026 published rates and fees, which differ from the June figures this table carried. OCBC ExtraCash's lowest published EIR is now 10.96%, on its S$10,000 example over 60 months for incomes of S$30,000 and up. Headline rates across the major banks cluster tightly, so the deciding factors are usually the EIR you personally qualify for, the rebate, and the early-exit fee. The table below uses each lender's published from-rates as of October 2026; the rate you are offered depends on your profile.
Rates and promotions move month to month, so verify each before applying rather than trusting any aggregator's cached figure. Glossary terms like TDSR and your unsecured limit also shape how much any bank will actually grant you.
| Bank | From flat rate p.a. | From EIR p.a. | Processing fee | Notable hook |
|---|---|---|---|---|
| UOB | 1.00% | 1.93% | Waived | Up-to-2% cash rebate to 31 Oct 2026; instant approval for existing card or CashPlus holders |
| DBS/POSB | 1.48% | 3.22% | 1% of the loan | 3% cashback for a limited time; instant cash 24/7 in digibank |
| OCBC ExtraCash | 5.42% (flat-rate equivalent) | 10.96% | S$200 or 2% of the loan, whichever is higher | Instant approval and disbursement when you apply with Myinfo |
| Standard Chartered CashOne | 0.90% | 1.75% (2.15% with the annual fee on S$20,000 over 5 years) | S$199 first-year annual fee | Instant disbursement to any bank account; tenures of 1 to 5 years |
UOB advertises from 1.00% p.a. flat, but the figure that reflects your true cost is the Effective Interest Rate, which starts at 1.93% p.a. and rises to 17.62% p.a. depending on your credit profile, income, and existing debt (UOB, as of October 2026).
No. The UOB personal loan is restricted to Singapore Citizens and Permanent Residents aged 21 to 65 earning at least S$30,000 a year. Foreigners on work passes are not eligible for this specific product and should look at other banks that lend to non-residents.
Yes. UOB charges an early cancellation fee of S$150 or 3% of your outstanding balance, whichever is higher. If you intend to settle ahead of schedule, calculate whether the interest you save beats that 3% charge before you commit to the loan.
UOB's minimum is S$1,000 and it publishes no maximum; the approved amount depends on UOB's review and can be lower than you request. Separately, MAS limits the interest-bearing unsecured debt you carry across all banks to 12 times your monthly income, so existing debt reduces what you can take.
If you apply with an existing UOB Credit Card or CashPlus account, approval can be instant and the money is paid out automatically after approval. If you apply for a new card or CashPlus account at the same time, the loan waits until that account is approved.
This is general financial information for Singapore, not personal financial advice. Figures change, so verify current rates against the official sources above before acting. See our full disclaimer.
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