Prolonged heat waves, severe coastal flooding events, and bouts of heavier rain are the harshest impacts of climate change that Singapore must brace itself for tougher times ahead.  According to an article on The StraitsTimes, we’re too late to avoid an increase in extremes, and the only thing we can do is to minimise the pace of the global warming and its intensity. As a Singaporean homeowner, you can contribute by taking these few simple steps to make a positive impact on environment and strive for sustainable lifestyle.
One of them is to minimise water use by taking shorter showers or installing low-flow shower head and water tap. Secondly, you can start reducing waste by using reusable bags when shopping and donating pre-loved items, such as clothes, furniture, etc., instead of throwing everything away. Â Thirdly, you can switch your preference to use energy-savings LED bulbs instead conventional light bulb as they use up less energy and last longer. Â In fact, there are many other ways to go green without compromising on your cost of living and convenience while our small actions combined can make a great impact.
What is the difference between Maybank’s Green Renovation Loan and general renovation loan?
Maybank Green Renovation Loan is specifically designed to support the environmentally cautious homeowners who want to do their part to go green by providing rewards when a loan applicant takes a green pledge and applies for the green renovation loan online. Plus, attractively low interest rates, making sustainable living effortless and wallet friendly.
Why Maybank Green Renovation Loan?
With Maybank’s Green Home Renovation Loan, you can enjoy
➢ Interest rates starting from
- 2.88% Â p.a. for existing Home Loan customers.
- 4.10% p.a. for new buyers.
➢ A loan amount of up to six times your monthly salary, or maximum of S$30,000
➢ Loan tenure of up to 5 years
➢ The ease of online loan application
In addition, you will also receive S$50 shopping vouchers if you take the Maybank Green Pledge and extra S$150 vouchers for a successful online application for a Maybank Renovation Loan. This will be applicable to a minimum approved loan amount of S$15,000 and a minimum loan tenure of 3 years.
The loan shall be approved and accepted by 31 March 2022 and disbursed by 30 April 2022.
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3 Simple Steps to Enjoy Green Renovation Loan Rewards
- Step 1: Take the Maybank Green Pledge to receive an email with a promo code.
- Step 2: Go to Maybank Renovation Loan page to apply online securely via using Singpass
- Step 3: Enter the promotional code you received in your email when you are submitting your online loan application to enjoy the promotion.
About Maybank
Sustainability is one of the strategic priorities under Maybank’s M25 Plan. Designed to propel Maybank’s growth and strengthen Maybank’s position towards becoming a regional ESG leader by 2025, four (4) key sustainability commitments have been set: (i) Mobilise RM50 billion in Sustainable Finance by 2025, (ii) Improve the lives of 1 Million households across ASEAN by 2025, (iii) Achieve a Carbon Neutral position for Scope 1 and 2 emissions by 2030 and Net Zero Carbon Equivalent position by 2050, and  (iv) Achieve 1 Million hours per annum on Sustainability & Delivering 1 Thousand Significant Sustainable Development Goals (SDG)-Related Outcomes by 2025. Â
