Singapore is a developed country that offers high lifestyles and living standards. Today the city is looking forward to contributing to nature by going green in every aspect. DBS/POSB, one of the leading banks in Singapore, offers renovation loans to attain home environmental sustainability. The loan is given to customers to upgrade their home or flat for a period of 5 years.
What is a renovation loan?
A home renovation loan is a loan offered by banks and other financial institutions to help upgrade your existing home. Unlike the traditional home renovation loan, which is a top-up loan for upgrading or renovating your home, POSB comes with an innovative green renovation loan to upgrade your home to gain green home environmental sustainability.
How does a renovation home loan work?
To encourage environmental home sustainability, POSB offers a green revolution loan to achieve a green home. The loan is wallet-friendly with an attractive interest rate at 3.88% p.a. The customers can use this loan to improve their home to a green home.
The existing customers of the bank can apply for a green revolution loan. They can get a minimum loan amount of S$15,000 repayable in 5 years. A green renovation loan is available at interest as low as 3.88% p.a. You can now renovate your home or improve it with an affordable home renovation loan in Singapore.You canutilize the loan to install solar panels and save electricity, shift to a new home or flat, extend the area of your home, add extra rooms, etc.
How to apply for a renovation loan?
You can apply for a renovation loan online; however, you need to check your eligibility for a renovation loan. For applying for a renovation loan, you should:
If you are eligible, you can apply for the loan in just three steps:
Step 1
You can download and provide the required details in the application online.
Step 2
Make a checklist and confirm if you have submitted all the required documents for applying for the loan. The required documents are:
You can check the guide for preparing documents online on the website to know more about the loan requirements.
Step 3
You have to apply online, and for it, you get assistance from the digibot. Further, you have to authenticate it through a unique Digibank User ID and PIN, ATM, debit or credit card number, and PIN.
Once your renovation loan in Singapore is approved, the loan amount will be disbursed to the contractors through the cashier’s order(s) after deductions such as handling and insurance fees. The charges for the cashier’s order will be debited to your designated loan servicing account.
You can get in touch with the digibot online service and get answers to all your doubts, which will also assist you in all your proceedings. You must clear all your doubts before making the deal and get a clear picture of what you are getting into. If you make the correct choice, your renovation home loan will not be a burden. You can get a hassle-free loan with attractive interest and enjoy peace of mind.
The conceptual architectural design phase is not merely a preliminary step in the design process; it’s a crucible where ideas are forged into tangible forms. At this stage, architects embark on a conceptual architectural design journey of exploration and innovation, seeking to encapsulate the essence of their vision in a cohesive conceptual framework. This conceptual […]
Wall Moulding Design is a great way to amp up your space and elevate the overall look of your home. There are a wide range of moulding designs that can add a distinct character to your space. Wall moulding design comes from different kinds of materials, such as PVC, plaster, wood, etc. The right choice […]
Ar. Deep Sakhare, the founder of Barakhadee Studio, shares his passion for architecture and design which entwines with the admiration for travelling. Barakhadee Studio is an architectural and interior design studio, founded by Ar. Deep Sakhare in the city of Pune in Maharashtra. The firm focuses on approaching every project with a new perspective and […]
Different types of balcony, with their ability to extend indoor living spaces into the open air, have become an essential feature of architectural design. Across the globe, architects and designers have embraced different types of balcony as a means to enhance both the aesthetic appeal and functionality of buildings. In this comprehensive exploration, we delve […]
Ar. Anup Murdia and Ar. Sandeep Jain, the founders of Design Inc. share their journey of embarking architecture with the passion for understanding spaces. Design Inc. is an architectural firm situated in Udaipur, founded by Ar. Anup Murdia and Ar. Sandeep Jain in 2011. The firm believes in creating spaces with overall understanding of certainties […]
There are a lot of challenges that one faces while designing the interior of the house. One of which is giving the right choice of the types of ceilings. While looking out for the theme a house sets, the elements through which the theme is directed are also important. One such important element of the […]
Gate Design is an important feature of any home. Numerous scopes for experimentation open up when delving into the design possibilities. Materials like wood and black steel are popular options in Indian homes. At the same time, designers also experiment with a combination of materials that suits their aesthetic. Buying mass-produced gate design has become […]
A rejuvenating terrace design is a breath of fresh air. One can experience the beauty of the outdoors from the comfort of their home. At the same time, a good terrace design can help one relax after a stressful day. It is a representation of one’s style and character. Terrace Design can seem minimalistic and semi-open or functional with a jacuzzi […]
Hyderabad is a city that boasts a rich and diverse architectural heritage that has been shaped by its history and cultural influences. The city has been ruled by various dynasties, including the Qutb Shahis, the Mughals, and the Nizams, who have all left their mark on its architecture and influenced young architects in Hyderabad. The […]
Hyderabad, the city of Nizams, is not just known for its rich cultural heritage but also for its booming interior design industry. With an increasing demand for quality and unique interior design solutions, the city has become a hub for talented and skilled interior designers in hyderabad who are making waves in the industry. In […]