UOB Personal Loan

UOB Personal Loan is catered for Malaysians only and has a fast approval and an easy application process, this loan offers a high financing amount of up to RM 100,000 and maximum loan tenure of 5 years

Best for: Salaried employees or self-employed people to fund their personal finances such as child’s education

Pros:

• Loan amount of RM100,000
• Fast approval (within 5 days)
• No collaterals and guarantors required
• No processing fees
• Affordable interest rate (starts from 0.83%/month)

• What is the maximum financing amount?

  Below are the details of Interest Rates for this loan:

  Salaried Worker	Self-employed	Interest Rate
  RM2,000 - RM3,999	RM3,000 - 5,999	11.99% p.a.
  RM4,000 - RM6,999	RM6,000 - RM7,999	10.99% p.a.
  RM7,000 & more	RM8,000 & more	9.99% p.a.

• What is the repayment tenure?

  Flexible repayment tenure of 12, 18, 24, 30, 36, 42, 48, 54 and 60 months.

• Eligibility

  • Must be a Malaysian citizen
  • Between ages 21 -55 years old
  • Minimum income of RM 2,000 per month for salaried employees
  • Minimum income of RM 3,000 per month for self-employed

• What is the interest rate?

  Starts from 0.83%/month.

• Can foreigners apply for UOB personal loan?

  No, foreigners may not apply for this loan. Only Malaysians are eligible to apply for this loan.

• How fast can I get UOB personal loan approval?

  The approval duration for this loan is up to seven (7) business days.

• How much do I have to pay monthly?

  As with any financing, you will have to make monthly repayment, which consists of principal amount and a profit charge.

  Use our personal loan calculator above to estimate your monthly repayment.

• How do I pay for a UOB personal loan online?

  You can use the UOB Personal Internet Banking by following the steps below:

  Step 1: Login to your 'UOB Personal Internet Banking Account'

  Step 2: Select 'Payment & Transfer' followed by 'Payment' and 'Own Credit Card'

  Step 3: Select your preferred card; click 'Pay' and follow the simple steps on screen.

• What are the fees and charges for a UOB personal loan?

  Below are the details of Fees and Charges for this loan:

  Processing Fee	Free
  Stamp Duty	0.5% on loan amount As per the Stamp Duty Act 1949 (Revised 1989)
  Late Payment Charges	1% on outstanding loan amount
  Early Settlement Fee	3% on total balance outstanding (principal + interest) or minimum RM300, whichever is higher
  Interbank GIRO (IBG) Fee	RM2.00 will be deducted from loan amount (if funds are disbursed to non-UOB Malaysia savings/current account)

• Can I settle my personal loan earlier?

  Yes you may. There will be a charge of 3% for Early Settlement Fee on total balance outstanding (principal + interest), subject to a minimum of RM300, whichever is higher.

• What are the required documents?

  Below are the required documents for this loan:

  	Salaried Employee	Self-employed
  With Income Documents	Copy of I.C (front & back)/Passport Latest 3 months Pay Slip Latest Form B/BE (with copy of tax payment receipt), OR Latest 3 months Bank Statements (show salary credit transaction), OR EPF Statements (last 12 months)	Copy of I.C. (front & back)/ Passport Latest Form B/ BE (with copy of tax payment receipt) Latest 3 months Bank Statements (show salary credit transaction) Business Registration Certificate Form 9/24/49 (2 years in same business)
  With Other banks’ Credit/Charge Cards*	Copy of I.C. (front & back)/ Passport Either one of the following: Salaried applicant - one month payslip, latest Form BE, latest EPF form, bank statement (where salary is credited) Self employed applicant - Form B and tax receipt, bank statement, audited P&L account *Principal Cardmember who has been holding the Card for more than 1 year. The Card must be issued in Malaysia.

  
  
  

• Other Information:

  If you want to read the full Terms and Condition or get the Disclosure Sheet for this loan, please use the links below:

  • Personal Loan Terms and Conditions: English and Bahasa Malaysia
  • Product Disclosure Sheet

• Can I apply if I have a bad CCRIS/CTOS/credit score?

  We encourage you to set both your company’s and your personal credit track record in check before applying – in order to increase your chances of approval as well as getting better rates.

  Check your iMoney CreditScore for free to find out how your credit health is.

• If you are looking for other personal loans, you may also consider

  Standard Chartered Quick Cash EDGE

  The Standard Chartered Quick Cash EDGE is based on a fixed interest rate (flat) starting from 0.583% per month and has a loan amount that can be as low as RM3,000 and up to RM250,000 with a maximum loan tenure of 7 years.