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Convert your credit card statement balance at affordable interest rates.
Convert a minimum statement balance of RM1,000 and choose your tenure up to 60 months.
No documents required to split your statement balance.
Call us at 03-2638 8804
(between 9am - 6pm on working days only).
or
Click Apply Now to register your interest with us and we will contact you within three (3) working days.
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
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.
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
Turn your credit card purchases into smaller monthly instalments at attractive interest rates.
Manage your credit card limit wherever you are. Increase your credit limit temporarily or permanently via UOB TMRW app.
Turn your available credit card limit into extra cash with UOB Flexi Credit Plan & enjoy low interest rates.
Turn your credit card purchases into smaller monthly instalments at attractive interest rates.
Manage your credit card limit wherever you are. Increase your credit limit temporarily or permanently via UOB TMRW app.
Turn your available credit card limit into extra cash with UOB Flexi Credit Plan & enjoy low interest rates.
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