Key Benefits of UOB Fund Transfer Facility in Singapore

UOB Bank guarantees its customers the best rates in the market when applying for their Funds Transfer facility. 

Features and Benefits of UOB Funds Transfer:

1. Flexible repayments:

• CashPlus Customers – S$50 OR 2.5% of the statement balance, depending on whichever of the two is higher.
• Cards - S$50 OR 3% of the statement balance, depending on whichever of the two is higher.

2. Paperless application process when you apply online for this facility.

3. Short term tenures of 3 months, 6 months and 12 months. 

4. Existing UOB Cash Plus customers and Card members can get their approval and cash disbursed within 5 business days.

5. UOB guarantees the Best Rate by matching any rate that other banks in Singapore have offered you by following the steps below:

• Send an SMS to the bank. The procedure is available on the UOB Funds Transfer web page of the official UOB Singapore website.
• Keep your letter of offer or a statement of account from another bank.
• UOB will contact you within 3 business days to match the rate. 

Interest Rates and Tenures for UOB Funds Transfer:

Table 1: Find below the interest rates, processing fees and tenures for UOB Funds Transfer through UOB Credit Cards:

Tenure	3 Months Tenure	6 Months Tenure	12 Months Tenure
Processing Fee	1.8%	2.5%	4.5%
Effective Interest Rate or E.I.R.	7.38% p.a.	5.34% p.a.	5.20% p.a.

Table 2: Find below the interest rates, processing fees and tenures for UOB Funds Transfer through CashPlus:

Tenure	3 Months Tenure	6 Months Tenure	12 Months Tenure
Processing Fee	1.8%	2.5%	4.5%
Effective Interest Rate or E.I.R.	7.34% p.a.	5.27% p.a.	5.06% p.a.

Eligibility Criteria for UOB Funds Transfer:

• UOB Funds Transfer is only applicable to UOB Cardmembers and CashPlus customers.
• The applicant must be between the ages of 21 years and 64 years.
• The applicant must earn a minimum income of S$30,000 per annum. 

Applying for UOB Funds Transfer:

You can apply for UOB Funds Transfer through the following ways:

If you are a UOB Credit Cardmember or a CashPlus customer you can apply through the following ways:

• UOB Personal Internet Banking – You can log into your Internet Banking account online and apply for the Funds Transfer facility.
• Online Form – This is a hassle free process and completely paperless. The online form is available on the UOB Funds Transfer web page of the official UOB Singapore website.
• Funds Transfer Specialist – You can fill in the UOB Funds Transfer “Contact Me” form and provide your contact details. A UOB banker will then get in touch with you. The form is available on the UOB Funds Transfer web page of the official UOB Singapore website.
• You can send an SMS to the bank and a banker will get in touch with you. The SMS procedure is available on the UOB Funds Transfer web page of the official UOB Singapore website.

If you are NOT a UOB Cardmember or a CashPlus customer you can apply through the following ways:

• Online Form – This is a hassle free process and completely paperless. You have to choose between a UOB Credit Card and a Cash Plus account. After your loan amount has been approved, it will be drawn from your chosen account (Credit Card/CashPlus) and disbursed to any savings account you opt for. The online form is available on the UOB Funds Transfer web page of the official UOB Singapore website.
• Funds Transfer Specialist – You can fill in the UOB Funds Transfer “Contact Me” form and provide your contact details. A UOB banker will then get in touch with you. The form is available on the UOB Funds Transfer web page of the official UOB Singapore website.
• You can send an SMS to the bank and a banker will get in touch with you. The SMS procedure is available on the UOB Funds Transfer web page of the official UOB Singapore website.