- Promotional rate of 3.98% per annum
- One-time S$80 bill rebate with SUNSEAP-100 Plans, valid for new sign-ups from now till 31 December 2021
- Stand to earn OCBC$ from your energy savings and redeem them on the STACK marketplace
Bring your home to life
Borrow up to 6 times your monthly income or S$30,000, whichever is lower
Simple and secure online application, with 60-second approval
Online energy assessment by BCA with Eco-Care Renovation Loan
Singaporean or Singapore PR between 21 and 59 years old earning a minimum income of S$24,000 a year
For joint applications, at least 1 applicant needs to earn this amount or more
Let your creative ideas bring your home to life with funding from OCBC Renovation Loan.
Verify that your home will be energy efficient with the Tropical Home Energy Efficiency Assessment (THEEA) developed by the Building and Construction Authority (BCA). Complete it in just 2 minutes before applying for the OCBC Eco-Care Renovation Loan.
Find out the loan amount you may qualify for
21 years old
Singaporeans and Singapore PRs
S$24,000 a year
For joint applicants, at least 1 applicant needs to earn this amount or more
Main and joint applicants must be related (either parent and child, spouse or sibling)
Online loan approval and usage are only applicable for applications via Myinfo. Please note delays or non-approvals of applications may occur for various reasons.
Apply for an OCBC Renovation Loan today
For Singaporeans and Singapore PRs:
Employment Pass (EP); or S-Pass
Include any one of the following documents:
Half-yearly CPF statement
Any bank statement
Includes your fixed and variable monthly income.
For a single loan, your monthly income must be S$2,000 or more.
For a joint loan, at least 1 person needs to have monthly income of S$2,000 or more.
Add a second applicant
Adding a second person’s income may increase the quantum of the loan amount granted.
For joint application, we may grant a loan up to 12 times of the monthly income, based on the lower income amount of the 2 applicants, capped at $30,000.
2 single applicants may each borrow up to 6 times your monthly income or S$30,000, whichever is lower.
Amount you wish to borrow
Borrow a minimum amount of S$5,000.
Your estimated monthly instalment is computed based on this amount that you wish to borrow.
Loan amount you qualify for
Based on the amount you wish to borrow, this is the estimated maximum loan amount that you qualify for.
Each single applicant may borrow up to 6 times your monthly income or S$30,000, whichever is lower.
Joint applicants may borrow up to 6 times your combined monthly income or S$30,000, whichever is lower.
Type of loan application
Your estimated loan amount is computed based on the stated type of loan application.
1 person may apply for a single loan.
2 persons may apply for a joint loan and borrow up to 12 times the lower monthly income or S$30,000, whichever is lower.
Additional cash needed
This is the difference between the loan amount that you wish to borrow and that you qualify for.
You may need to use cash or other funds to meet the renovation budget you’re interested in.
|Electricity Plans||Contract Duration||Promo Code||Entitlement|
|SUNSEAP-100 (Fixed Rate)||24 months||OCBCECO80||$80 Bill Rebate to be reflected on the 6th bill|
|SUNSEAP-100 (Discount Off Tariff)||24 months||OCBCECO80||$80 Bill Rebate to be reflected on the 6th bill|
The energy rate applicable for these plans can be found on Sunseap's website at www.sunseap.com at point of sign-up.