Low-interest Personal Loans For Eco-friendly Home Upgrades: Green Living Made Easy – *Effective Interest Rate (EIR) – 5.60% and 5.41% respectively, based on a 60 month loan term, including 1% fee and 1% insurance
Eco-friendly renovation loans are designed to increase awareness of the eco-friendly choices you can make when renovating your home.
Low-interest Personal Loans For Eco-friendly Home Upgrades: Green Living Made Easy
Whether it’s choosing non-toxic paint, choosing energy-efficient appliances or using smart technology to reduce your carbon footprint, there are many simple ways you can incorporate conscious choices into your everyday life.
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More importantly, if you complete at least 6 out of 10 items under the “Environmental Renewal Checklist”, you can enjoy an attractive interest rate of 4.68% per annum. (EIR 5.41%*) for your renewal loan.
*Effective Interest Rate (EIR) – 5.41%, based on 60 month loan term, includes 1% fee and 1% insurance
1% of the sanctioned loan amount (In the event of your death or total and permanent disability, Manulife will repay the remaining amount of your renewal loan)
A fee of S$5 will be charged for each subsequent cashier’s check (deducted from your designated debt service account).
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A site visit will be conducted after disbursement to ensure that loan funds are used for renovations listed in the quote.
You need a POSB/Deposit account to repay your loan. If you don’t have one, click here to apply before submitting your renovation loan application.
You can borrow up to 6 times your monthly income or S$30,000, whichever is lower. Please note that this is also subject to approval based on your creditworthiness.
The lower monthly income of both applicants (up to 12 times) will be used to calculate the loan amount in the joint application. Please note that the maximum loan amount is S$30,000.
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If your monthly income is S$4,000 and the joint applicant’s monthly income is S$1,500, you can borrow up to S$18,000 (S$1500 x 12).
Please note that renovation loans cannot be used to pay for furniture or any other purpose other than renovation. If you need help buying household goods, keep money ready with a personal loan.
However, you must submit a renovation invoice/quote with your application to show that the loan will be used for home renovation work.
If all submitted documents are completed, you will receive a letter about the result of your renewal loan application at your postal address within 5-7 working days.
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A cashier’s check will be issued in the name of your chosen renovation contractor. You can gradually send your renovation invoice to your renovation contractor according to the agreed payment schedule.
To reduce your renewal loan amount, you can submit your request here using the service request form.
To increase your renewal loan amount, please submit a new increase loan application (minimum S$5,000) using the application form here and provide your latest renewal invoices and income documents.
Working days of each month. Please make sure you have sufficient funds in your account to avoid late fees.
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You can get up to 2 renovation loans through /POSB as long as the total loan amount does not exceed S$30,000. Please note that this is also subject to approval based on your creditworthiness.
We have updated our systems to better serve you. Learn more about the new loan account format and loan statement for 2023.
Build your dream home with home theme inspiration. Choose from eco-friendly power plans and zero-waste home products to complement your new home. UOB Thailand has launched its “U-Green” home loan campaign, offering green home loan solutions to customers who want to make their homes eco-friendly. The campaign includes financing options for home maintenance and renovation, installation of solar panels and electric vehicle chargers, in line with the bank’s recent partnership with the Provincial Electricity Authority (PEA).
As part of its “U-Green” home loan campaign, UOB Thailand now offers various home loan products such as UOB Refinance with “Green Top-Up” credit line and UOB Green Cash at Home, enabling customers to harness energy. Come and renovate your home. Efficiency improvements such as installing solar panels or installing electric vehicle (EV) chargers. The program also offers benefits to individuals who want to install solar panels through PEA Solar Services.
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Mr. Yutachai Teiyarachkul, Managing Director and Head of Personal Financial Services, UOB Thailand, said: “We launched the ‘U-Green’ campaign to inspire customers’ enthusiasm for green living by realizing the importance of environmental sustainability. UOB Bank. offers green home loan solutions that complements their spaces with sustainable features. caters to the evolving needs of homeowners looking to upgrade. This addition further enriches and diversifies UOB’s home loan product range.”
New customers can apply for an average annual interest rate of 3.49% (MRR – 5.06) for the first three years, a credit limit of up to 100% of the assessed value, and a UOB refinancing “green top” loan. Loan duration up to 30 years. Existing customers with outstanding credit limits on mortgages can take advantage of Dahua Refinancing’s “Green Top Up” loan at a special average interest rate of 4.69% per annum for the first three years, credit limit up to 95% of the appraised value and maximum loan period. of 30 years.
In addition, UOB Thailand launched the “UOB Green Cash to Home” program, which allows customers who own houses or condominium units and have no financial obligations to use their assets as collateral for cash loans. The program offers a special average initial interest rate of 4.39% per annum for the first three years, with a credit limit of up to 80% of the appraised value of the property. The minimum loan amount is 500,000 baht, and the maximum loan amount can be up to 50 million baht. Loan terms can be up to 30 years. Homeowners can use the funds to make a range of environmentally friendly renovations, such as improving ventilation, increasing natural sunlight, saving energy, adding green space and installing solar panels and electric chargers.
The “U-Green” activity is available to customers applying for loans from now until September 30, 2023.
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For more details on UOB Home Loan, please visit https://www.uob.co.th/homeloan/ or click here to access the online loan application program. For more information, please call 0-2093-2030 or contact us via LINE: @uobhomeloan.
Two days ago “Chememon” organized a charity and donated 1.04 million baht to provide food to students in the community 06/12/2023 Due to the growing demand for sustainable housing, some major banks are now offering competitive interest rates on green loans.
This demand can be seen in new research from the Commonwealth Bank, which found that three-quarters of Australians believe that energy-saving features should be in their homes. The hard part is financing such a project.
As more banks increase the maximum loan amount for green loans or start offering them as alternatives, these loans are likely to become a popular loan option for Australians looking to buy sustainable products. But what exactly do you want to gain with this type of loan?
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So, if you’re interested in environmentally friendly upgrades to your home at potentially low interest rates, let’s take a look at some green loans.
Commbank’s Guaranteed Green Personal Loan has a competitive fixed offer with interest rates starting at 5.49% per annum. (comparative rate 6.92% per annum*) when you install qualifying green products in your home. Loan amounts range from $4,000 to $100,000, so you can make small upgrades or give your home a more extensive green renovation. Remember, only retailers and/or installers approved by the Clean Energy Council who install these green products are eligible for this guaranteed loan.
Looking for a way to finance sustainable upgrades to your home? Well, a green personal loan from RACQ may be able to help. The unsecured loan has a variable interest rate of 6.99% per annum. (comparative rate 6.99% per annum *), borrowers enjoy no installation, monthly or document processing fees. With loan terms ranging from 1 to 10 years, you can make weekly, bi-monthly or monthly payments based on your pay cycle, with unlimited top-up payments available as long as you have extra cash. Remember, this offer is only available on eligible green products, including solar panels and batteries.
Do you want an award winning loan? Then you might want to check out Queensland Country Bank’s Green Kidney Loans. This unsecured loan is not only awarded by Expert Choice in 2024, it also has a low variable interest rate starting at 6.49% APR. (comparative rate 6.49% per annum*). Loans up to $50,000 for sustainable upgrades to your home, with loan terms from 1 to 10 years and no installation or monthly fees. But remember that the late payment fee is $40, so you can set reminders to pay on time to avoid penalties.
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If you want a green loan with a competitive interest rate, a Community First Bank green loan may be an option worth considering. Variable rates start at 5.54% p.a.
