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 Indian farmhouse accommodation goes on to capitalize on a mature evolutionary synthesis of ancestral aesthetics and contemporary features. With this, the outside and the inside of farmhouses became places of comfort with nature. In this blog, we delve into 15 incredible farmhouse designs that entail a harmonious blending. While they exhibit different spaces in […]
When it comes to enhancing the kitchen window over the sink, various design ideas are possible to decorate Indian homes. From rooted in tradition to Western-style modular kitchens offer both functionality and attractive aesthetics. Apart from the sleek profile and raised breakfast counter, the kitchen window over sink is another spot to add appeal and […]
Indian homes place equal importance on pooja room door designs as they do on main door designs. With diverse and unique ethnic backgrounds, every family strives to reflect their personalities and identities in their designs. These identities can encompass religious or spiritual interests, local contexts, or other personal elements. This series of blogs, featuring 50 […]
The door design for main door is a defining feature of any Indian home, embodying both style and cultural significance. In a country rich with diverse architectural traditions, the entrance to your home reflects not only personal taste but also cultural heritage. Whether you’re drawn to the intricate carvings of traditional Indian door designs or […]
Pillar design is a cornerstone of architectural elegance, seamlessly blending structural support with aesthetic appeal. Our blog, “50 Best Pillar Design Inspirations,” celebrates this essential element, showcasing a variety of styles from classical Doric and Ionic to contemporary and avant-garde innovations. Whether you’re an architect, interior designer, or a design enthusiast, these pillar design inspirations […]
The integration of screening evergreen trees serves as an artful blend of practicality and natural beauty. These screening evergreen trees, with their lush foliage and diverse benefits, play a crucial role in enhancing privacy. It also blocks unwanted views, and contributes to the overall well-being of homeowners. From the majestic Jamun trees to the versatile […]
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 Sydney automated gates has […]
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 […]
The word “Vastu” refers to the dwelling place of humans and gods, while “shastra” means science or knowledge, hence Vastu Shastra for house is the science of architecture. Vastu Shastra for house is an ongoing practice in India since one can remember. Almost every architect and designer wields it in conceptualizing their projects. Vastu Shastra provides […]
Turning an empty plot and executing an entire design from plinth to top is like taking a blank canvas and painting an entire story on it! Architects are creators; creators of spaces, giving life and meaning to them. The Architects not only represent their city, but are also extraordinarily responsible in shaping the city’s skyline.The […]