UOB CashPlus 0% Interest and No Nominal Fee

[Panerex]

I just got approved at the maximum 50k overdraft limit. So the next step is to use Internet banking to transfer to my UOB account, mske minimum payment for 3 months, then repay back on last day to have no charges at all?

Yes, mine just got approved.

transferred out fully to earn higher interest at SCB.

wait for 1st UOB bill to come ask me pay

 

[sglandscape]

If your credit card max limit then there isn't any left for Cashplus.
they share the same max based on your salary

This is not true, credit line for your card and for a unsecured loan is different.

I just got approved at the maximum 50k overdraft limit. So the next step is to use Internet banking to transfer to my UOB account, mske minimum payment for 3 months, then repay back on last day to have no charges at all?

50k is not the maximum, it's based on your income.

 

[yslvlys]

50k is not the maximum, it's based on your income.

Oh but in the application, the choice of the loan, maximum is 50ksgd. Is there a higher amount for you to choose?

 

[sglandscape]

Oh but in the application, the choice of the loan, maximum is 50ksgd. Is there a higher amount for you to choose?

Can choose the let bank decide option

 

[yslvlys]

Can choose the let bank decide option

OK but wondering if anyone here got higher than 50ksgd limit if let the bank decide?

 

[Jirachi]

I just got approved at the maximum 50k overdraft limit. So the next step is to use Internet banking to transfer to my UOB account, mske minimum payment for 3 months, then repay back on last day to have no charges at all?

Yes. Correct. That is what I planned to do.

But I don't believe you actually got 50K.

 

[Jirachi]

I finally got approved. Still waiting for the Cash Plus loan account or whatever it is to be shown.

 

[yslvlys]

Yes. Correct. That is what I planned to do.

But I don't believe you actually got 50K.

Why would I lie about the overdraft limit...

 

[ahboy82]

Why would I lie about the overdraft limit...

Moi gt 89k. How the bank allocate ah?

 

[sglandscape]

Moi gt 89k. How the bank allocate ah?

Got slightly less than this but more than 50k got sure. You let bank allocate you get the max typically, cause they will grant the lower of what you prefer and the max they willing to give.

 

[Jirachi]

Why would I lie about the overdraft limit...

Sorry. Did not accuse you of lying. A few of my friends aimed for 50K limit, but got approved less than 1/2 of it. I aimed for 30K also gotten less than that, so we thought that no one is ever going to get the 50K limit.

I did not want to let bank decide because of this: https://forums.hardwarezone.com.sg/...est-and-no-nominal-fee.7137591/post-156612650

 

[iadpotato]

my cashplus limit only $6600... yes six thousand six hundred.. lol

but then my uob cards combined limit is $97,800..

maybe its time to call them and re-allocate my card limit to cashplus limit..

 

[iadpotato]

my cashplus limit only $6600... yes six thousand six hundred.. lol

but then my uob cards combined limit is $97,800..

maybe its time to call them and re-allocate my card limit to cashplus limit..

oh can actually do it online via this form.

https://forms.uob.com.sg/personal/cards/services/credit-limit-apportionment.html#form

 

[Jirachi]

my cashplus limit only $6600... yes six thousand six hundred.. lol

but then my uob cards combined limit is $97,800..

maybe its time to call them and re-allocate my card limit to cashplus limit..

Read the terms and conditions. The revised credit limit WILL NOT be part of the 0% promotion.

10. The Promotional Interest of 0% under this Promotion will only apply to the original approved credit limit and will not apply to additional credit limit granted through credit limit review. Credit limit approved exceeding the original approved credit limit will incur interest at the prevailing interest rate.

https://www.uob.com.sg/assets/web-r...row/cashplus/overview/acquisition-tnc-new.pdf

 

[iadpotato]

Read the terms and conditions. The revised credit limit WILL NOT be part of the 0% promotion.

actually i didn't know about this promo.. haha

 

[Jirachi]

actually i didn't know about this promo.. haha

Oh okay. I thought you are doing this for the promo

 

[Jirachi]

Oh yeah, for those previously signed up for this account for the 0% promo, do you all close the Cash Plus account once everything has been fully paid?

 

[sglandscape]

Oh yeah, for those previously signed up for this account for the 0% promo, do you all close the Cash Plus account once everything has been fully paid?

It's personal preference, there is a annual fee if held for a year. At times they run promo and may give you free 0% again if you don't close. So depends on how good/bad your credit rating is, and if you need a good credit rating for other loans.

 

[iadpotato]

Oh okay. I thought you are doing this for the promo

I did it in prep for the targeted sms that UOB would send out for 0% interest free money. So far I received twice such already. Not sure if it’s the same as this promo u mentioned. If yes, I didn’t know there was such TnC document for it… thought it was just a simple 0% interest promo.

 

[highsulphur]

https://www.uob.com.sg/personal/borrow/personal-financing/cashplus.page#promotions

just apply from link above?

so the idea is to borrow for 3 months for 0% and put into SCB esaver? Meanwhile pay back min interest every month and full repayment before 3 months is up?