UOB CashPlus: All You Need to Know
UOB CashPlus is a premier banking product that is designed to cater to the financial needs of small business owners and individuals. It packs a robust set of features that help customers manage their accounts with ease and simplicity. In this article, we will take a closer look at the UOB CashPlus and how it can benefit you.
What is UOB CashPlus?
UOB CashPlus is an innovative banking product that bundles your deposit account with a personal loan facility. With this product, you can easily access cash whenever you need it, regardless of whether it is for personal or business purposes. The product is available exclusively to existing UOB customers, making it an ideal option for those who already have a banking relationship with UOB.
Features of UOB CashPlus
UOB CashPlus comes packed with numerous useful features, including:
- High credit limit: UOB CashPlus offers a credit limit of up to six times your monthly income, making it an excellent option for those who are looking for a borrowing option to fuel their business growth or personal requirements
- Low interest rate: With UOB CashPlus, you can enjoy a low-interest rate of 2.5% p.a., making it an affordable borrowing option that will not impact your financials negatively
- Flexible repayment options: The product comes with flexible repayment options that allow you to repay your loan on a monthly basis or repay the full amount whenever you have the means. This feature means you can customize your repayment according to your financial situation, making it a convenient option for those who want to manage their finances prudently.
- Convenient access to cash: With UOB CashPlus, you can easily access cash via your personal line of credit, which is linked to your deposit account. Whenever you need money, simply withdraw it from an ATM or via online banking, and it will be disbursed to your account instantly.
- No fees or charges: UOB CashPlus does not charge any processing fees, annual fees, or prepayment penalties, making it an affordable option that saves you money in the long run.
How to apply for UOB CashPlus
Applying for UOB CashPlus is easy and hassle-free. To get started, all you need to do is:
- Visit the UOB website and fill out the application form
- Submit the relevant supporting documents, which include your proof of income, identity card or passport, and a bank statement for the past six months
- Wait for the bank to process your application. In most cases, UOB processes all applications within two working days, making it a fast and convenient option for those who need cash urgently.
Benefits of UOB CashPlus
UOB CashPlus is an excellent option that comes with numerous benefits, including the following:
- Convenient and easy to use: With its robust set of features, UOB CashPlus is an easy-to-use option that provides you with the convenience and flexibility you need to manage your finances.
- Affordable: With no processing fees and a low-interest rate of 2.5% p.a., UOB CashPlus is an affordable option that will not put a strain on your financials.
- Flexible: UOB CashPlus comes packed with flexible repayment options, allowing you to manage your finances on your terms.
- High credit limit: With a credit limit of up to six times your monthly income, UOB CashPlus provides you with the financial leeway you need to grow your business or meet your personal requirements.
- No hidden charges: With no processing fees or prepayment penalties, UOB CashPlus is a transparent option that will not surprise you with hidden charges or fees.
Conclusion
UOB CashPlus is a premier banking product that comes packed with numerous features and benefits that make it an excellent option for small business owners and individuals alike. With UOB CashPlus, you can access cash whenever you need it, at an affordable interest rate, and with flexible repayment options that cater to your financial needs. If you are looking for a reliable, secure