OPTION A: FIXED 3 YEARS (3 YEARS PENALTY PERIOD) – PROMOTION VALID FOR LIMITED PERIOD
(For completed properties with minimum loan balance of $200,000)
Yr 1: 1.98% (Fixed)
Yr 2: 1.98% (Fixed)
Yr 3: 2.08% (Fixed)
Thereafter: 2.08 (ML + 1.23%)
*Mortgage Rate (“ML”) is the Bank’s prevailing UOB MLC Rate_PTE which is currently at 0.85% p.a.

Partial Redemption Penalty:
1.50% on prepaid amount within 3 years from date of conversion.
Partial Prepayment is subject to 1 month written notice.

Full Redemption Penalty:
Redemption fee waiver if due to sales of property, if not 1.50% on redeemed amount within 3 years from conversion date.
Full redemption is subject to 3 months written notice.
One-time free conversion after 12 months from conversion date with minimum loan balance of $100,000.


OPTION B: FLOATING (2 YEARS PENALTY PERIOD)
(For completed properties with minimum loan balance of $100,000)
Yr 1: 2.00% (ML + 1.15%)
Yr 2: 2.00% (ML + 1.15%)
Thereafter: 2.08% (ML + 1.23%)
*Mortgage Rate (“ML”) is the Bank’s prevailing UOB MLC Rate_PTE which is currently at 0.85% p.a.

Partial Redemption Penalty:
Nil.
If loan outstanding falls below $200,000 after partial repayment within 2 years from conversion date, a penalty of 1.50% on prepaid amount will be imposed.
Partial Prepayment is subject to 1 month written notice.

Full Redemption Penalty:
50% Redemption fee waiver if due to sales of property, if not 1.50% on redeemed amount within 2 years from conversion date.
Full redemption is subject to 3 months written notice.
One-time free conversion after 12 months from conversion date with minimum loan balance of $100,000.