Make a rewarding move and save up to RM20,000*

Eligibility Criteria:

1. The Campaign is open to all UOB Malaysia new and existing Business Banking customers who apply for credit facility(ies) with UOB Malaysia during the Campaign Period (“Participant”). 
2. Newly approved loan during the Campaign Period is to be accepted by the Participant no later than 1 May 2024. 
3. A minimum loan amount as per the table above is granted by UOB Malaysia and duly accepted by the Participant (“Approved Facility”). 
4. The Rebate Amount will be based on actual legal fees and stamp duty incurred by the Participant or the maximum rebate amount, whichever is lower. 
5. The Approved Facility(ies) is strictly for the purpose of refinancing of existing completed property from other financial institution(s) to UOB Malaysia. The completed property is subject to further assessment and evaluation satisfactory to UOB Malaysia in terms of the position of such collateral securing the Approved Facility.
6. The preparation and completion of security documentation under the Campaign must be handled by UOB Malaysia’s appointed panel solicitors.
7. A business current account is to be opened with UOB Malaysia with an initial deposit of a minimum amount of RM50,000.00 prior to the disbursement of any of the Approved Facility(ies).
8. Bancassurance with premium of at least RM50,000.00 is to be taken up by keyman and/or any of the directors/guarantors of the Participant with UOB Malaysia’s panel Insurer (“Insurer”). A valid Letter of Approval from the Insurer (“Letter of Approval”) is to be delivered to UOB Malaysia prior to the disbursement of any of the Approved Facility(ies) and the disbursement of the Rebate Amount to the panel legal firm handling the loan documentation of the Approved Facility(ies).
9. All applications of loan are subject to UOB Malaysia’s credit evaluation and any such approval is at its absolute discretion. The Approved Facility(ies) shall at all times be subject to such terms and conditions as may be prescribed by UOB Malaysia from time to time.
10. Loan applications which fall under the following shall NOT be eligible to participate for the Campaign:
    • for the purpose of financing of existing completed properties which are free from encumbrances; or 
    • from investment holding companies; or 
    • financing, conversion of or restructuring and/or top-up of existing facilities granted by UOB Malaysia which is secured by completed property.
    • If the particular loan application has enjoyed any form of reward in other campaign(s) held by UOB Malaysia.

*Terms and Conditions apply.

All loan applications are subject to the necessary credit review and approval by United Overseas Bank (Malaysia) Bhd (Reg. No. 199301017069 (271809-K)) ("UOB") according to UOB's credit policy and product guidelines. ENG | BM