With immediate effect, UOB offers 50 years loan for customers taking up their loan.
Which means a customer who took a $1m loan from UOB will see his monthly installment reduced from $2753 to $2046*. That's a reduction of 35% in monthly installment payments.
What it means for customer like yourself and how will it benefit you?
Suppose you are taking a $1m loan and you are at age of 25, you have a choice of making monthly payment if 35 years or 50 years
Drop us a query by the side bar and we will contact you with more information.
*Illustration is based on 1st year interest rate 0.85%. The comparative years are 35 years and 50 years respectively.
