Singapore

SINGAPORE - Home buyers can now receive instant loan approval with a new service that was announced by the United Overseas Bank Limited (UOB) this morning.

This new service will be available at 70 showflats around Singapore and the buyer has seven days to consider the loan and submit all supporting documents.

Buyers will get approval as well as information on the loan amount, tenor monthly repayment payable and interest rate package as soon their personal and financial details are entered into UOB's loan approval system, which will be available to the mortgage bankers on site via the iPad.

UOB is the first bank in Singapore to provide such a service.

By Sumita Sreedharan
Today
02 August 2012

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Today file photo