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DBS joins UOB and OCBC in offering green home loans
The Straits Times
|July 11, 2025
DBS Bank has followed on the heels of UOB and OCBC Bank in offering green home loans for private property projects.
But unlike the offerings from UOB and OCBC, which launched "eco-mortgages" in 2021, the DBS loan option is available only to borrowers with private properties under construction.
These projects must have a Green Mark rating from the Building and Construction Authority (BCA) or be earmarked for one, DBS said on July 10.
The promotional green home loan rate for a minimum mortgage of $1 million for the first year is pegged to the three-month compounded Singapore Overnight Rate Average, or Sora, plus a spread of 0.25 per cent. The spread is the profit the bank earns.
This would mean that the first-year promotional rate for a $1 million mortgage is 2.2278 per cent, given prevailing rates.
DBS said its rate is the most competitive green home loan in the market and is lower than the standard mortgage rates for new private residential launches.
Diese Geschichte stammt aus der July 11, 2025-Ausgabe von The Straits Times.
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