Renovation Loan

Assure what you require and place so that we can easily give you the quote. We will give you the official quotation and an objective of the renovations you have to carry out. This quote is important in accessing and budgeting quick financing.

To apply for the renovation loan with us, you have to be Permanent Resident (PR) or Singaporean aged 21 years or above for qualifying. Other requirements are; proof of income for both self-employed and salaried people, proof of ownership of your property, documentation.

The best part about renovation loans is that they are flexible, even if you like to repaint the walls, add new flooring, change tiling in your bathroom, add a sunroom or repaint your roof, etc. all this depends on you.

The renovation loan can be applied easily if you are above 21 years.  Several different conditions are there, the general documentation needs integrating ownership of your home, proof of income, CPF statements, NRIC copies, bank statements, official contractor’s quote, and latest Income Tax Notice of Assessment (NOA) for salaried and self-employed people.

Generally, the loan tenure of banks varied among 1 and 5 years and all, the repayments are dependent on the banks.  And, the interest rates can be either variable or flat whereas the amounts lendable relies on the bank’s financial situation.