• Interest Rate (p.a)

    4.55%

  • New Base Rate

    4%

  • Loan Type

    Flexi Loan

  • Lock in Period

    3 years

Loan calculator
Loan amount

RM

Loan Tenure (years)
Interest Rate (p.a)

4.55%

Monthly Repayment

RM2,548

Whats so great about UOB Home Loan?
  • Full-flexi Packages
  • Overdraft facilities available
  • Flexible Repayments – Daily to monthly frequency

Eligibility

Minimum Age: 21 Years
Loan Tenure: Up to 35 Years
Margin of Finance: 90% + 5% for MRTA financing with insurance
Suitable for: Completed homes, under-construction properties, refinancing

Product Review by iMoney

Is a UOB Home Loan Right for Me?

UOB Home Loan Malaysia comes with a lock in period of 3 years and an early settlement penalty fee of up to 2% on your outstanding loan amount if you complete your loan repayment within this period. UOB offers 4 distinct semi-flexi and full-flexi home loan packages with a varying degree of flexibility in terms of cash access and repayments. One of the UOB home loan Malaysia packages namely UOB’s iNTELLIGENT Home Loan features flexible repayment options and offers you an interest only option for the first 2 years. Repayments can be made on a daily to monthly basis. Payment holidays can also be requested during heavy-spending festive seasons or during emergencies. This UOB housing loan Malaysia allows you to bank-in extra cash anytime. Though it will not reduce your loan principal, it is only kept in the bank to earn you interests. However, if you want to reduce your UOB housing loan Malaysia principal, you can pay into your UOB bank mortgage loan account and you will need to state your intentions to the bank in advanced. If you want to settle early, you will face the charge of 2% on the original UOB bank mortgage loan. This UOB bank mortgage loan allows you to choose the frequency of your payments; be that monthly, fortnightly or quarterly. For instance you choose to pay fortnightly; you will need to pay 26 times per year, which means you can pay off your UOB bank mortgage 2 times faster. For preferred customers, a Premier version of this UOB home loan Malaysia package is available offering a more personalised service. Both packages allow an accompanying overdraft facility which comes at the cost of higher interest rates, and an annual facility fee of RM120. UOB’s Flexi Mortgage is a full-flexi home loan that allows you to make payments in excess of the instalment amount in order to save on interest at anytime. With a linked current account, Flexi Mortgage allows you more flexibility in making extra repayments, and convenient withdrawals as and when cash is needed. The Flexi Mortgage facility also automatically converts into an overdraft facility once 70% of your principal amount has been repaid. Any people can apply for this UOB housing loan Malaysia including the foreigner. Like any other mortgage loan in Malaysia, a fire insurance policy is compulsory when you take up any UOB housing loan Malaysia products. It is also highly recommended that you attain MRTA for UOB housing loan Malaysia. 2% original UOB bank mortgage loan amount is charged if you want to settle earlier. With an UOB home loan Malaysia you can secure up to 95% financing, inclusive of MRTA (provided the policy is purchased from Great Eastern Insurance). The maximum loan tenure of all UOB home loan Malaysia is 35 years (in accordance to the latest ruling by Bank Negara Malaysia) or until the borrower reaches 70 years of age, whichever is sooner.

UOB Home Loan Packages

By offering iNTELLIGENT Home Loan, Flexi Mortgage, iHL Premier and an International Home Loan, UOB provides a variety of home loan packages to suit different individual needs. The table below highlights the key features of all four home loan packages for your comparison.
Product Key Features Is this a flexi package?
iNTELLIGENT Home Loan
  • Allows borrowers to service interest payment only (and not the principle loan amount) for first 2 years
  • Freedom to make monthly, fortnightly, weekly or daily repayments
  • Optional MRTA or MLTA
  • "Payment holiday" allows borrowers to skip instalment during emergencies and festive occasions
  • Overdraft facility available
Yes, full flexi
Flexi Mortgage
  • Home loan with linked current account for early repayments and easy cash access
  • Allows for payment in excess of instalment amount to save on interest
  • Loan period of up to 35 years or 70 years of age
  • Loan automatically converts to an overdraft line once 70% of property value is repaid
Yes, full-flexi
Commodity Murabahah Home Financing-i
  • Variable rate Islamic home financing package
  • 20% discount on stamp duty for new account
  • Margin of financing up to 100% (with Takaful premium)
Yes, full flexi
iHL Premier
  • Allows for payment in excess of instalment amount to save on interest
  • Freedom to make monthly, fortnightly, weekly or daily repayments
  • Payment holiday" allows borrowers to skip instalment during emergencies and festive occasions
Yes, semi-flexi
International Home Loan
  • For non-Malaysians buying properties in Malaysia
  • Loan period up to 30 years or 65 years of age
  • Margin of financing up to 80%
No

Details of UOB’s Flexi Home Loan Packages

Borrowers get to make additional monthly instalments through UOB flexi home packages to reduce the monthly interest charges on the home loan. These flexi home packages have requirements, fees and conditions that needs to be considered together with the benefits.
iNTELLIGENT Home Loan Flexi Mortgage iHL Premier International Home Loan
Flexi type Semi-flexi Full-flexi Semi-flexi Semi-flexi
Is a linked bank account required? No Yes No No
Account Maintenance Fees No RM120 (one time) No No
Redrawal Fees RM50 - RM50 RM50
Redrawal Terms & Conditions Minimum redrawal RM2,000 - Minimum redrawal RM2,000 Minimum redrawal RM2,000

What Documents Will I Need to Prepare?

To allow the bank to successfully process your application, you will need to provide some supporting documnets for your UOB home loan: * Application Form * NRIC / Identity Card * Copy of Sales and Purchase or Booking Receipt or Letter of Offer from Developer * Copy of Individual Title Deed * Property Valuation Report (for completed properties) * Latest 3 consecutive months of salary slips / vouchers * Latest 6 consecutive months of commission statement * Latest EPF statements (with 3 consecutive months or more transaction history) * Latest EA form * Latest 6 months Bank Statement * Letter of Confirmation of Employment and Remuneration

Sounds Great! How Should I Proceed?

To calculate your mortgage monthly instalments, you can use the UOB home loan calculator. Once you have identified the loan amount to take for your desired property, you can apply through iMoney and our mortgage consultants will get in touch with you. If you are not sure whether this home loan by UOB is your best option, click here to compare other home loans in Malaysia.

Is It Easy to Repay my UOB Home Loan?

UOB has a national branch network across Malaysia, although smaller than most local banks. However, repayments are made convenient via these convenient modes of payment. Online Transfer : Transfer funds from your UOB Bank Savings or Checking accounts to make your payments online MEPS : Pay your loans at any of the MEPS ATMs (over 5,000) nationwide Interbank GIRO : Pay your loans through the Interbank GIRO fund transfer at the participating bank’s branch or through online banking Standing Instruction Facility : Automatic deduction from your bank account every month UOB ATMs : Transfer funds from your UOB Savings or Checking accounts to make your payment at all UOB branches Express Payment machine : Make a check or cash deposit at UOB branches Payment by Mail : Mail to UOB with your check and statement enclosed in an envelope Phone Banking : Issue instructions to have your bank account deducted to pay for your home loan with your T-PIN
If you are looking for other home loans, you may also consider
AmBank Home Loan : AmBank Group provides a housing loan rate starting from Base Rate (BR) 3.80%. The option of a flexi loan package is available and there is a maximum of 90% margin of financing. The lock-in period for this housing loan is 5 years. Hong Leong Home Loan : At Hong Leong Bank, the home loan rate starts from Base Rate (BR) 3.84%. The option of a flexi loan package is available and there is a maximum of 90% margin of financing. The lock-in period for this home loan is 3 years. Standard Chartered Home Loan : The mortgage rate from Standard Chartered Bank starts from Base Rate (BR) 3.67%. It does come with the option of a flexi loan package and a maximum of 90% margin of financing. There is no lock-in period that comes with the mortgage.