Get a UOB Home Loan in Malaysia - Flexible Repayment (2023)

UOB Home Loan Malaysia has a lock-in period of 3 years and if you complete your loan repayments during this period, there is a prepayment penalty of up to 2% of your outstanding loan amount. UOB offers 4 different semi-flexible and fully flexible home loan packages with varying degrees of flexibility in accessing cash and repayment. One of UOB Malaysia's home loan packages, the UOB Smart Home Loan comes with flexible repayment options and offers you an interest-free option for the first 2 years. Repayments can be made daily or monthly. Paid leave may also be requested during the holiday season or in emergencies. UOB Home Loan Malaysia allows you to deposit extra money at any time. Even if it doesn't reduce the principal of your loan, it just stays in the bank to earn you interest. However, if you want to reduce the principal of your UOB Malaysia home loan, you can deposit the money into your UOB Bank mortgage account, but you must notify the bank of your intention in advance. If you want to settle early, you will face a 2% fee on the original UOB loan. This UOB loan allows you to choose the repayment frequency; monthly, bi-weekly or quarterly. For example, you decide to pay every two weeks; you have to pay 26 times a year, which means you can pay off your UOB loan 2 times faster. For priority customers, the Premier version of this UOB Malaysia home loan package offers a more personalized service. Both packages allow overdrafts at the cost of higher interest rates and a service charge of RM120 per year. UOB's Flexi Pant is a fully flexible home loan that allows you to pay more than your installments to save on interest at any time. With linked checking accounts, Flexi Mortgage gives you the flexibility to make extra payments and conveniently withdraw cash when you need it. A flexible mortgage also automatically converts to an overdraft when you pay off 70% of the principal. Anyone can apply for a UOB Malaysia home loan, including foreigners. As with any other mortgage in Malaysia, fire insurance is mandatory when purchasing any UOB Malaysia home loan product. It is highly recommended that you get MRTA for UOB Malaysia Home Loan. If you want to settle early, you have to pay 2% of the original amount of the UOB loan. With UOB Malaysia Home Loan, you can get up to 95% financing inclusive of MRTA (provided the policy is purchased from Great Eastern Insurance). All UOB Malaysia home loans have a maximum tenure of 35 years (as per Bank Negara Malaysia's latest regulations) or until the borrower turns 70, whichever comes first.

You can use the UOB housing loan calculator to calculate the monthly mortgage loan installment. Once you've determined the home loan amount you want, you can apply through iMoney and one of our mortgage advisors will contact you. If you are not sure whether this home loan from UOB is the best option for you,click hereCompare other mortgages in Malaysia.