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UOB Balance Conversion

Split your credit card statement balance into smaller monthly instalments at affordable interest rates.


Enjoy these benefits

Competitive rates

Competitive rates

Convert your credit card statement balance at affordable interest rates.

Greater flexibility

Greater flexibility

Convert a minimum statement balance of RM1,000 and choose your tenure up to 60 months.

Simple and hassle free

Simple and hassle free

No documents required to split your statement balance.

How to apply for Balance Conversion

Option 1

call us

Call us at 03-2638 8804
(between 9am - 6pm on working days only).

or

Option 2

steps to apply

Click Apply Now to register your interest with us and we will contact you within three (3) working days.

Apply Now

Illustration of Monthly Repayment

Below is an illustration of the monthly repayment plan for a RM20,000 UOB Balance Conversion for 12 months at an effective interest rate (EIR) of 14.90% p.a.*, equivalent to a flat interest rate (FIR) of 8.28% p.a.
Month Outstanding Balance Conversion Amount (RM) Interest (RM) Principal (RM) Repayment Amount (RM)
1 20,000.00 244.93# 1,555.89 1,800.82
2 18,444.11 233.41^ 1,570.81 1,804.22
3 16,873.30 206.64 1,597.58 1,804.22
4 15,275.72 193.31 1,610.91 1,804.22
5 13,664.81 172.92 1,631.30 1,804.22
6 12,033.51 147.37 1,656.85 1,804.22
7 10,376.66 131.31 1,672.91 1,804.22
8 8,703.75 106.59 1,697.63 1,804.22
9 7,006.12 88.66 1,715.56 1,804.22
10 5,290.56 66.95 1,737.27 1,804.22
11 3,553.29 40.61 1,763.61 1,804.22
12 1,789.68 22.65 1,789.68 1,812.33
Total   1,655.35 20,000.00 21,655.35

 

*Effective interest rate (EIR) is computed based on a reducing balance repayment method. For the avoidance of doubt, the first month’s interest will be calculated from the approval date until the next statement cycle date, with the subsequent month's interest calculated based on a full statement cycle period.

 

Illustration above is based on the statement cycle falling on the 15th of every month and the UOB Balance Conversion being approved on 16 April.

 

#Interest payable for the first month’s instalment is calculated from 16 April to 15 May:
30/365 x 14.90% x RM20,000 = RM244.93

 

^Interest payable for the second month’s instalment is calculated from 16 May to 15 June:
31/365 x 14.90% x RM18,444.11 = RM233.41

    Frequently Asked Questions (FAQ)

    1. How do I know if I am eligible to apply for Balance Conversion?
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    You are eligible to apply if you are a UOB Principal Credit cardmember who has at least RM1,000 in outstanding statement balance, not over limit or with overdue payments.

    You can choose between 12, 24, 36, 48 or 60 months.

    You can convert all your outstanding statement balance for the month but it does not apply for cash and cash based transactions, other UOB instalment plans such as UOB Easi-Payment Plan (EPP), UOB Flexi Credit Plan, UOB Balance Transfer Instalment, annual fees, past due amount and other charges charged by UOB.

    [ BC ]

    Yes, you can settle your Balance Conversion before its maturity. There will be an early termination penalty up to 5% on you remaining outstanding balance.

    Terms & Conditions (T&C) and Product Disclosure Sheet (PDS)

     
    For Balance Conversion – Reducing Balance repayment method (Effective Interest Rate).

    UOB Balance Conversion T&C: ENG

    UOB Balance Conversion PDS: ENG

     

     
    For Balance Conversion – Straight Line repayment method (Flat Interest Rate).

    UOB Balance Conversion T&C: ENG | BM

    UOB Balance Conversion PDS: ENG | BM

     

    For Balance Conversion approved before 17th July 2023.

    UOB Balance Conversion T&C: ENG

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