UOB offering a special package of floating 1.68% throughout the whole tenure, during which, for the first 5 years if the rate goes above 2.5%, the bank will pay you 1% on your outstanding loan amount. This saves you from refinancing if the rate remains low! Even though interest rate increasing is inevitable, but this still serves as a rather attractive package as you stand a chance of paying a low package for the rest of your loan tenure if rates remain low instead of every 2-3 years do a refinancing.