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Photo courtesy of Alena Koval

Maybank Singapore unveils new home mortgage, renovation green loans

The bank expects to process over 500 sign-ups yearly.

Maybank Singapore has launched two green loans for home mortgage and renovation to encourage the takeup of green financing amongst homeowners in the city.

The loans are available for private and HDB properties. Customers are given the choice of either a two-year fixed rate home loan package or a SORA-pegged floating rate home loan package.

The Green Home Renovation Loan is priced at 2.88% per annum for existing Maybank home loan customers, and from 4.1% per annum for new customers who apply for a loan tenure between one and five years.

As an added bonus, customers who e-sign the Maybank Green Pledge and apply for the Green Home Loan online will also receive preferential pricing of 0.05% discount off the prevailing package interest rate for the first two years. 

Meanwhile, customers looking to renovate their homes are eligible to receive S$50 worth of shopping vouchers if they take the Maybank Green Pledge before signing up for the Green Renovation Loan online.

Maybank expects over 500 sign-ups yearly.

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