Keep abreast with the latest at UOB

Launched successfully in June 2003, the UOB FirstZero Home Loan was, and still is, the first of its kind in the market in Singapore.

The UOB FirstZero Home Loan offers low home loan interest rates with high deposit rates, giving customers a total value package that maximises their savings on both their home loan and deposit. To enjoy a 0% interest rate for the first year of their housing loan, customers need only to maintain a minimum average monthly balance for 12 months in a UOB deposit account.

The minimum average monthly balance required in a UOB deposit account is S$25,000 to qualify for a loan on a HDB residential property and S$50,000 for a private residential property.

Said Ms Sim Puay Suang, Executive Vice President, Personal Financial Services, "UOB FirstZero Home Loan was very popular with home owners when it was introduced last year. With this relaunch, more customers can enjoy significant savings, as the minimum monthly deposit to qualify for a loan on a HDB property has been reduced from S$50,000 to S$25,000. With the UOB FirstZero Home Loan, the customers' instalment payments in the first year go towards repaying the principal amount of the loan. This brings down the principal amount faster and saves customers more money in the long term. This is in line with our commitment to provide our customers with the best value for all their financial needs which will, in turn, help them grow their savings and wealth."

The details of the UOB FirstZero Home Loan package are set out in the tables below:

(A) For HDB Residential Property

*Minimum balance fee applies.

(B) For Private Residential Property

*Minimum balance fee applies.

In addition to attractive interest savings, UOB FirstZero Home Loan customers also enjoy the following additional benefits:

• Free home fire insurance for the first year
• Legal fee subsidy
• Preferential interest rates for UOB Bridging Loan and UOB Renovation Loan
• Free valuation
• Free processing
• UOB 1-2-1 Banking privileges which includes priority services at UOB Group branches
• Under UOB Rewards Plus, the Bank's customer loyalty programme, UOB FirstZero Home Loan customers will earn UNI$1 for every S$10,000 outstanding on their home loan. Customers will be able to redeem their UNI$ for a wide range of exclusive rewards, including shopping and dining for free.

For media enquiries, please contact:

Ms Lim Gek Peng Assistant Vice President, Loans Personal Financial Services Tel: 6539 8772 Email: Lim.GekPeng@UOBgroup.com

Ms Teo Suan Hwi Assistant Vice President Corporate Affairs Tel: 6539 3972 Email: Teo.SuanHwi@UOBgroup.com

For customer enquiries, please contact:
UOB Call Centre: 1800 22 22 121 (24-hour)

Home    Personal Banking    Business Banking    Investor Relations
Contact Us    Help    Privacy & Security    Important Information