Credit cards / Personal loans
You can convert your outstanding unsecured loan balances from your UOB credit card or UOB Cashplus account to a new personal loan with loan tenor of up to five years, at a reduced effective interest rate of eight per cent from 6 April to 31 December 2020.
Rates & Tenors
|Loan tenors (months)
||Processing fee (%)
||Effective interest rates (% p.a.)
||Flat rates (% p.a.)
This option is available to all Singaporeans and Permanent Residents who have suffered a loss of 25 per cent or more of their monthly income after 1 February 2020 and who are at risk of incurring substantial arrears. Arrears should also not be for more than 90 days.
FAQs on Special Financial Relief Programme (Unsecured)
Apply for relief (unsecured loans)
Debt Consolidation Plan (DCP)
From now to 31 December 2020, you can extend the loan tenor of your existing Debt Consolidation Plan for up to 5 years.
This option is available for borrowers whose repayments are between 30 and 90 days past due at the point of application.
The extension in the loan tenor of the DCP will not cause the loan to be reflected as a restructured loan in your credit bureau report.
How it works:
|Original loan amount
|Original loan tenor (months)
|No. of months instalment has been "charged/billed"
|Tenor extension period (months)
||No tenor extension
||With tenor extension
|Remaining tenor (months)
|Total interest payable
As loan tenor extensions will result in higher overall interest costs, we encourage you to carefully consider the accumulated interest costs you will eventually have to bear, and balance this against your need for temporary cashflow relief.
FAQs on DCP Loan Tenor Extension
If you do not have an existing UOB DCP, you may apply for one here.
Apply for relief (Debt Consolidation Plan)