OCBC pushes cheaper home, renovation loans for eco-friendly borrowers
OCBC has launched home and renovation loans that incentivise residential property owners to make their homes mores eco-friendly in exchange for lower interest rates - a first in Singapore.
To qualify for preferential rates under the "Eco-Care" Home and Renovation Loans, borrowers have to pass the Building and Construction Authority's (BCA) Tropical Home Energy Efficiency Assessment (THEEA) - an online self-assessment tool predicting homes' energy consumption with a "pass" or fail" rating.
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