{"id":120030,"date":"2021-01-12T02:11:49","date_gmt":"2021-01-11T19:11:49","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/ocbc-offers-singapores-first-solar-panel-consumer-loan\/"},"modified":"2021-02-02T17:52:39","modified_gmt":"2021-02-02T10:52:39","slug":"ocbc-offers-singapores-first-solar-panel-consumer-loan","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ocbc-offers-singapores-first-solar-panel-consumer-loan\/","title":{"rendered":"OCBC offers Singapore\u2019s first solar panel consumer loan"},"content":{"rendered":"


\nOCBC offers Singapore\u2019s first solar panel consumer loanTo finance the installation of solar panels and accelerate the adoption of clean energy, each homeowner can borrow up to $30,000 with a tenure of one to five years.
\nOCBC has launched Singapore\u2019s first consumer loan for landed property homeowners eyeing to install solar panels on their houses, reported The Business Times (BT).
\nThe loan facility offers such owners with a term-financing option for the installation of solar panels, defraying upfront costs to accelerate the adoption of clean energy.
\nEach homeowner can borrow up to $30,000 with a tenure of one to five years, to provide borrowers greater flexibility on the repayment period.
\nRecommended article:\u00a0Solar Panels Ranked As the Top Sustainable Home Feature Singaporeans Want
\nThe bank has entered into an exclusive partnership with Sembcorp Power, the electric retail arm of Sembcorp Industries, to provide homeowners with onsite solar panel installation assessment. OCBC revealed that Sembcorp Power will shoulder the initial consultation costs.
\nSunny Quek, Head of Consumer Financial Services, Singapore, at OCBC, said this retail loan offering for solar panels is one of the key ways at introducing and improving accessibility to a green and sustainable energy source for Singapore\u2019s landed property homeowners.
\n\u201cThis is the first but an important step in getting people to relook the way they view electricity and we are glad to pioneer this loan,\u201d he said as quoted by BT.
\nSuggested read:\u00a0Run An Eco-Friendly Household? Here Are 6 Electricity Retailers for Green Electricity
\nValerie Lee, Singapore Head of Consumer Business at Sembcorp Energy, described the partnership as a timely move to bring affordable clean energy to more consumers.
\n\u201cBacked by a suite of sustainable solutions, Sembcorp Power is able to extend competitive electricity price plans and enable landed property homeowners to get additional energy credits with their renewable energy certificates as they go green and enjoy further cost savings,\u201d she added as quoted by BT.
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…OCBC offers Singapore\u2019s first solar panel consumer loan<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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Image: HDB Having already surpassed the previous solar target of 220 megawatt-peak (MWp), The Housing and Development Board (HDB) announced its commitment to generate more clean energy by increasing the solar target to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2019\/12\/Solar-panels-HDB-flats.png?fit=500%2C258&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":111293,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sunseap-bags-tender-to-install-solar-panels-at-hdb-blocks\/","url_meta":{"origin":120030,"position":1},"title":"Sunseap bags tender to install solar panels at HDB blocks","date":"October 3, 2019","format":false,"excerpt":"\r The programme\u00a0aims to promote and aggregate demand for solar PV systems across government agencies in order to achieve economies of scale. Sunseap Leasing has won the tender to install solar photovoltaic (PV) systems at 1,218 HDB blocks and 49 government sites, which include 13 Ministry of Defence sites and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95567,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-home-prices-to-drop-by-up-to-10-following-new-curbs\/","url_meta":{"origin":120030,"position":2},"title":"Singapore home prices to drop by up to 10% following new curbs?","date":"August 7, 2018","format":false,"excerpt":"\r Local banks reckon home prices will fall following the latest round of cooling measures. Singapore banks expect home prices to fall along with home loan activity, following the introduction by the government of its latest round of property cooling measures. 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