7 Sustainable Green Home Loans In Singapore And How To Get Incentives When Your Property is Certified Green

Sustainable living is the new normal.

In Singapore, the nationwide movement the Singapore Green Plan 2030 is spearheading the push for a more sustainable future over the next decade. The initiative looks at making the country a greener and more liveable home, among other things.

Beyond the national agenda, it is understood that living sustainably also helps in saving money. That’s because an increased reliance on electronic devices and appliances has led to higher electricity consumption, resulting in rising electricity bills and a growing carbon footprint.

When you opt for green mark appliances and homes, you can be assured that your home is being efficient with energy (and water) usage. Not only can you save more money on your utility bills, but also do your part for a sustainable environment.

What’s the biggest asset Singaporeans usually own? Our homes of course. Since this is the largest asset that we have, we also tend to take more care – or are more price sensitive – with regard to matters revolving around this asset, including our home loans and renovations.

To join the bandwagon, banks have come on board the nationwide sustainability push and are offering deals on home loans to reel in a younger generation of homeowners who are more environmentally-conscious.

Read Also: Guide To Understanding How SORA-Pegged Home Mortgage Loans Work

Is Your Home Green?

Homeowners, you will qualify if your property is awarded by the Building and Construction Authority (BCA) within the past three years. So if you are applying for a green loan in 2025, the property must have received the BCA Green Mark award as early as 2022.

To check if a property has been awarded the Green Mark, you may refer to the Super Low Energy Building (SLEB) Smart Hub’s Green Mark buildings directory. If your preferred bank requires a minimum award rating (e.g., Gold or Gold Plus), you may also filter the results based on that. You can filter the results based on the award rating of the building too, as certain banks require a minimum award rating.

The SLEB listing is updated once a year. The listing is based on voluntary Green Mark certification, excluding legislated projects and non-disclosure projects.

What Is The BCA Green Mark Certification Scheme

The BCA Green Mark certification scheme was launched in 2005, and is a green building rating system designed to evaluate a building’s environmental impact and performance from design to the operational stage.

A Green Mark home provides benefits such as it reduces the usage of energy, water and material resources, enhancing environmental protection and having better indoor environmental quality, leading to better health and well-being.

The Green Mark rating recognises performances that are above mandatory, regulated standards, including robust levels of energy efficiency, indoor air quality, greenery provision, active mobility considerations, materials and waste management and water efficiency.

The scheme is refreshed every few years to stay relevant to the latest BCA Green Mark 2021 certification scheme.

The refreshed scheme encourages the industry and professionals to collaborate and develop green building solutions to raise energy efficiency and attain standards to achieve sustainability outcomes outlined in the Singapore Green Building Masterplan (SGBMP). One of the targets under SGBMP is to have at least 80% of buildings in Singapore (by Gross Floor Area) to be green by 2030.

If you have more than one property, you can also be eligible for the scheme, provided that the properties meet the eligibility criteria.

Banks Offering Green Home Loans – Who Are They – HSBC, StanChart, UOB, OCBC, Maybank, CIMB & DBS

A number of banks offer green home loans, but each bank offers a different deal to entice customers. The loan plans may not be as competitive as normal home loans, where banks compete right up to the decimal point in the percentage of interest it offers.

Banks like HSBC, Stanchart and OCBC offer pricing discounts on the mortgage loans, as well as voucher rebates from electricity providers. Meanwhile banks like UOB and Maybank provide shopping vouchers instead.

Some banks do not publish the exact preferential rates for their green home loan promotions. It is advisable to speak directly with the bank or a trusted mortgage advisor if you want to find out more.

HSBC Green Home Loan

One of the advantages of HSBC’s Green Home Loan is you enjoy an evergreen waiver of conversion fee when repricing your residential home.

To qualify, your property needs to have a valid Green Mark GoldPLUS or above award and have a minimum loan amount of $200,000.

Standard Chartered Green Home Loan

The loan offers borrowers a pricing discount on your mortgage loan should you meet the following conditions:

• Your mortgage property must have a valid Building and Construction Authority (BCA) Green Mark rating of Green Mark Gold, Green Mark GoldPlus, Green Mark Platinum, or Green Mark Super Low Energy (SLE), which includes Green Mark GoldPlus SLE and Green Mark Platinum SLE, which is within 3 years from the certification year.
• You must apply for a new mortgage loan or reprice your existing loan with the bank and you must take up a floating rate package, which is a SORA-pegged package.

Late payment fee is at $50 for SGD loans, and the default rate of 5% above SGD Prime lending rate on the overdue instalment amount for SGD loans.

The bank has a Green and Social Sustainable Finance Product Framework. This defines eligibility for a “sustainability” label for all products across the bank. It was co-authored with Sustainalytics, a provider of ESG data and verification. Its Sustainable Product Framework and Sustainable Finance Impact Report can be found here.

OCBC Eco-Care Home Loan

With OCBC’s Eco-Care Home Loan, you’ll enjoy promotional 3M Compounded SORA and/or fixed rate pricing packages for buildings under construction and completed residential properties.

You have to be at least 21 years old to apply for the loan. The minimum loan amount for Singapore private homes is $300,000 and the minimum loan for HDB flats is $200,000.

Complete the online Tropical Home Energy Efficiency Assessment (THEEA) developed by BCA beforehand to predict your home’s energy consumption. It takes around two minutes to complete it.

The online loan application approval time usually takes 60 minutes and is only applicable for applications via Myinfo. Do note that there might be delays or non-approvals of applications for various reasons.

Read Also: Here’s Why It Doesn’t Make Financial Sense To Repay Your HDB Flat Home Loan Early

UOB Go Green Home Loan

UOB’s Go Green Home Loan is available for completed residential properties in Singapore, whether for new purchases or refinancing from another bank/HDB, with a minimum loan amount of $250,000.

The property to be financed must be awarded Green Mark (Gold and above) by BCA.

You can choose from a wide range of loan packages to suit your financing needs. There are 3-month Compounded SORA Home Loan packages, fixed rates, and a combination of fixed-rate and 3-Month Compounded SORA.

For Singaporeans and PRs, applications submitted between 8.30am to 9pm daily will be processed instantly. Applications received outside these times will be processed the next working day. Foreigners and US persons will need to leave their details for the bank to contact them.

Additionally, UOB also offers Solar Energy financing for residential properties as part of its Green Finance. Among the many benefits, you can enjoy 0% interest-free monthly payments for up to 36 months when using your UOB credit card to pay the solar partner.

This promotion is only valid for U-Solar packages offered by UOB’s solar partners available here.

Maybank Green Home Loan

Similar to other banks, Maybank offers different perks for its Green Home Loan depending on whether it’s for projects under construction or completed properties. For projects under construction, you’ll enjoy preferential SORA package rates and an additional free conversion. As for completed properties, the conversion fee is fully waived as long as you continue to reprice with the bank. In both cases, a minimum loan quantum of $300,000 and a minimum loan tenure of 5 years apply.

To qualify, your residential property needs to have attained one of the following valid BCA Green Mark Awards for the certification year from 2022 and onwards:

• Platinum Positive Energy
• Platinum Zero Energy
• Platinum Super Low Energy
• Gold Positive Energy
• GoldPLUS Zero Energy
• GoldPLUS Super Low Energy
• Platinum
• GoldPLUS

The steps to qualify for a Maybank Green Home Loan are as follows:

Step 1: Check against the Green Mark Buildings Directory on the SLEB Smart Hub to confirm that your residential property has attained a valid Green Mark Award (as defined in Clause 2(ii) of the Terms and Conditions).

Step 2: If your residential property is awarded a valid Green Mark Award, register your interest for a Maybank Green Home Loan using this form to receive a promotional code via email.

Step 3: Apply for a Home Loan online securely and with ease using your Singpass via the Maybank Home Loan online application. Enter the promotional code you received in your email when applying for a Maybank Home Loan online.

CIMB Green Property Loan

For a limited time, CIMB is offering a Green Property Loan Voucher for new purchases or refinancing of private residential properties in Singapore.

To qualify, the loan amount must be at least $200,000 and the property must have attained one of the following BCA Green Mark Award from 2022 and onwards:

• Platinum Super Low Energy
• GoldPLUS Super Low Energy
• Platinum
• GoldPLUS

If eligible, you’ll receive $200 eCapita Vouchers. This promotion runs from 6 June 2025 to 31 December 2025, with loan acceptance required by 15 January 2026.

DBS Green Home Loan

DBS is the latest bank to offer green home loans, currently limited to private residential properties under construction. It stands out as the most competitive green home loan in the market, with rates lower than the standard mortgage packages for new private launches.

DBS offers two options – (1) its own board rate (FHR6), which is pegged to the bank’s 6-month fixed deposit rate and (2) a SORA package rate.

(1) Green Home Loan Packages Pegged to Fixed Deposit Home Rate (FHR6)

(2) Green Home Loan Packages Pegged to 3M SORA

To qualify, your residential property needs to have one of the following valid BCA Green Mark Awards reflected on the SLEB Green Mark Building Directory:

• Platinum Positive Energy
• Platinum Zero Energy
• Platinum Super Low Energy
• GoldPLUS Positive Energy
• GoldPLUS Zero Energy
• GoldPLUS Super Low Energy
• Positive Energy
• Zero Energy
• Super Low Energy
• Platinum
• GoldPLUS

Additional Considerations To Take Before Signing Up For A Home Loan

Beyond the fixed interest rates, be sure to consider the thereafter rates and other key features of the loan package—such as conversion fees, clawback periods, and prepayment or redemption clauses.

To find the best option for your needs, speak with experienced mortgage consultants like our partners at Redbrick. Their service is free, as they’re paid by the banks. Whether you’re looking for the most competitive rates or simply guidance through the process, feel free to request a non-obligatory quote and consultation.

Featured Image Credit: WOHA

Read Also: Refinancing VS Repricing Your Home Loan: What Are The Differences?