Top Renovation Loan Providers in Singapore (Updated 2024)

Renovation loans serve as financial lifelines, allowing individuals to borrow funds specifically for refurbishing their homes. These loans are particularly useful for funding significant updates or urgent repairs without the need for collateral, thus safeguarding personal assets. They present an attractive solution for managing renovation expenses, enabling homeowners to transform their living spaces into dream homes without the immediate financial strain.

Renovating a home can be a substantial financial undertaking. Instead of depleting savings or facing the challenge of gathering a large sum quickly, a renovation loan offers a practical alternative. By converting a hefty renovation expense into manageable monthly payments, these loans can alleviate financial pressure. They often come with lower interest rates compared to personal loans, making them an appealing option when the planned renovation aligns with the lending caps set by financial institutions.

Renovation loans are designed to cover a broad spectrum of home improvements, from structural changes to essential electrical upgrades. However, it’s crucial to understand that these funds are restricted to actual renovation costs and cannot be used for furniture purchases or unrelated expenses. Different lenders have varied terms, so identifying the right financial institution that aligns with your specific renovation needs is essential.

Interest Rate Structures for Renovation Loans

Understanding the cost implications of your renovation loan is critical. The market typically offers two interest rate models: the monthly rest and the flat rate. The monthly rest interest diminishes as you pay down the loan balance, potentially easing the financial load over time. In contrast, a flat rate interest model maintains consistent interest payments throughout the loan’s lifespan, regardless of the principal amount paid off.

Key Considerations Before Applying for a Renovation Loan

  • Credit Score Impact
    Your credit history plays a pivotal role in the loan approval process and the terms offered. Banks, known for their stringent criteria, favor applicants with strong credit scores, offering lower interest rates. On the flip side, licensed money lenders provide quicker solutions with less emphasis on credit history but at higher interest rates.
  • Eligibility and Documentation
    Eligibility for a renovation loan typically requires property ownership, a minimum age of 21, and meeting certain income thresholds. For those looking to apply, it’s essential to gather necessary documents such as ID, proof of income, and renovation details to streamline the application process.
  • Loan Tenure and Repayment
    Loan tenure options can range significantly, affecting monthly repayment amounts and overall interest paid. While longer tenures can reduce monthly costs, be wary of potential early repayment fees that could arise from settling the loan ahead of schedule.
  • Additional Fees and Charges
    Beyond the principal and interest, additional costs such as processing fees and late payment penalties can accumulate. It’s crucial to understand all potential fees to avoid unexpected expenses. Moreover, the loan payout process directly to vendors necessitates careful planning to minimize additional charges from multiple disbursements.

By delving into these aspects, potential borrowers can navigate the nuances of renovation loans in Singapore more effectively, ensuring a smoother financial journey through their renovation projects in 2024.

Here are the Top Renovation Loan Providers in Singapore:

There is a range of renovation loans offered by various banks and moneylenders in Singapore. Check out this list to find out more:

 

maybank Top Renovation Loan Providers in Singapore

Loan providers

Maybank

About Maybank Singapore is a significant part of the Maybank Group, one of Asia’s leading banking and financial services organizations. The institution offers an extensive range of services, aiming to cater to both individual and business needs effectively.
  • Community Engagement: Active involvement in local communities, demonstrating corporate social responsibility.
  • Innovative Solutions: Provision of innovative financial solutions tailored to meet diverse customer needs.
  • Global Connectivity: Strong regional presence, facilitating cross-border banking and financial services.
Speciality
  • Renovation Loans: Competitive rates and hassle-free approval for home improvement projects.
  • Solar Panel Financing: Eco-friendly loan options to support the installation of solar panels.
  • Online Loan Application: Streamlined process with Singpass integration for user convenience.
Website https://www.maybank2u.com.sg/en/personal/loans/personal-credit/renovation-loan.page?
Address Check for location here
Telephone 1800 629 2265
Operating Hours Check for operating hours here
Review 1 “The renovation loan process was seamless and efficient, making our dream home a reality.”
Review 2 “Opting for solar panel financing through Maybank was the best decision for our home and the environment.”
Review 3 “Applying for a loan online was incredibly convenient and saved us a lot of time.”

 


dbs Top Renovation Loan Providers in Singapore

Loan providers

DBS

About DBS offers specialized renovation loans to help homeowners transform their living spaces efficiently. With a focus on facilitating easy applications and providing competitive rates, DBS ensures a smooth journey towards creating your ideal home.
  • Online Application Convenience: Submit your application digitally with ease, leveraging DBS’s user-friendly online platforms.
  • Attractive Financing Options: Access renovation loans at rates starting from 4.68% p.a., designed to accommodate your financial plans.
  • Comprehensive Coverage: Enjoy peace of mind with an inclusive insurance package, safeguarding your renovation journey.
Speciality
  • Flexible Financing: Borrow up to six times your monthly income or S$30,000, catering to a range of renovation scales and budgets.
  • Eco-aware Renovation Loan: Benefit from a reduced interest rate by choosing eco-friendly renovation options, promoting sustainable living.
  • Extended Repayment Plans: Opt for up to a five-year repayment period, allowing for manageable monthly installments.
Website https://www.dbs.com.sg/personal/loans/homeloans/renovation-loan
Address Check for location here
Telephone 1800 111 1111
Operating Hours Check for operating hours here
Review 1 “The online application process was incredibly straightforward, saving me time and effort.”
Review 2 “I was delighted with the competitive interest rates, which made my home renovation project much more affordable.”
Review 3 “The comprehensive insurance coverage provided me with much-needed peace of mind throughout the renovation process.”

 


cimb Top Renovation Loan Providers in Singapore

Loan providers

CIMB

About CIMB Renovation-i Financing offers a Shariah-compliant loan option for those looking to refurbish their homes in Singapore. Tailored for various home renovation needs, this loan facilitates homeowners by offering competitive rates and flexible repayment terms without any processing fees.
  • Shariah-Compliant: Adheres to Islamic finance principles, offering peace of mind for those seeking compliant financial products.
  • Flexible Loan Amounts: Borrow up to six times your monthly income or S$30,000, catering to both minor and major renovation projects.
  • Competitive Rates and Terms: Enjoy low-interest rates starting from as low as 4.15% p.a., with tenures ranging from one to five years for optimal repayment flexibility.
Speciality
  • No Processing Fees: Benefit from a loan application process free of any processing fees, enhancing cost efficiency.
  • Wide Coverage: Loans cover various types of residential properties, including HDB flats, private residences, and properties under construction.
  • Rapid Approval Process: Experience a quick approval turnaround, with in-principle decisions provided swiftly to kickstart your renovation projects without delay.
Website https://www.cimb.com.sg/en/personal/help-support/rates-charges/fees-charges/loans-financing.html
Address Check for location here
Telephone 6333 7777
Operating Hours Check for operating hours here
Review 1 “Applying for the CIMB renovation loan was straightforward, and I appreciated the absence of processing fees.”
Review 2 “The Shariah-compliant aspect was crucial for me, and CIMB delivered perfectly on this front.””
Review 3 “I was able to secure a loan amount that matched my needs perfectly, thanks to the flexible borrowing limits.”

 


rhb Top Renovation Loan Providers in Singapore

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Loan providers

RHB Group

About RHB offers renovation loan options for homeowners in Singapore, aimed at providing financial support for various home improvement projects. While not the most economical choice in the market, RHB Renovation Loan stands as a viable alternative for those who might find it challenging to secure loans from other financial institutions.
  • Loan Flexibility: Borrowers can access loans up to six times their monthly income or S$30,000, based on their financial needs.
  • Loan Packages: Offers rest rate packages and flat rate packages, catering to different borrower preferences.
  • Furnishing Loan Option: Unique in providing a furnishing loan, extending beyond typical renovation expenses to include furniture purchases.
Speciality
  • Rest Rate Packages: Offers loans with a rest rate of 5.8%, aimed at longer-term financing needs.
  • Flat Rate Packages: Provides options for borrowers preferring consistent monthly payments, with rates varying based on loan amount and tenure.
  • Furnishing Loan Availability: A distinct feature allowing borrowers to finance furniture purchases as part of their home renovation project.
Website https://rhbgroup.com.sg/rhb/personal/home-and-property
Address Check for location here
Telephone 1800 323 0100
Operating Hours Check for operating hours here
Review 1 “RHB’s renovation loan provided the financial flexibility I needed when other banks couldn’t offer me a loan.”
Review 2 “The flat rate package from RHB was straightforward and predictable, making budgeting for my renovation easier.”
Review 3 “Securing a furnishing loan along with my renovation financing was incredibly convenient, allowing me to fully realize my home’s new design.”

 


golden credit Top Renovation Loan Providers in Singapore

Loan providers

Golden Credit (S) Pte Ltd

About Golden Credit, a licensed money lending firm based in Singapore, offers a range of financial solutions including renovation loans. They are committed to providing personalized loan options to meet the unique needs of homeowners looking to revamp their living spaces.
  • Customer-Centric Services: Focuses on understanding individual financial situations to offer tailored loan solutions.
  • Transparent Practices: Ensures clarity in all transactions and agreements to maintain trust and integrity.
  • Efficient Loan Process: Streamlined application process aimed at delivering quick and hassle-free loan approvals.
Speciality
  • Renovation Loans: Offers financial solutions for homeowners looking to undertake home improvement projects, ensuring they can achieve their desired living space without financial strain.
  • Flexible Terms: Provides loans with competitive rates and flexible repayment terms to suit different budgetary requirements.
  • Comprehensive Support: Delivers end-to-end guidance throughout the loan application process, ensuring clients are well-informed and supported.
Website https://www.goldencredit.com.sg/renovation-loans/
Address 101 Upper Cross Street, People’s Park Centre #01-05F, Singapore 058357
Telephone
6224 1300
Operating Hours Weekdays 11AM – 8PM
Saturdays 11AM – 6PM
Closed on Sundays
Review 1 “Golden Credit’s renovation loan helped me transform my new HDB flat into a dream home without breaking the bank.”
Review 2 “The application process was straightforward, and the terms were clearly explained, making it easy for me to plan my finances.”
Review 3 “I appreciated the personalized service and the efficient processing, which allowed me to start my home renovations sooner than expected.”
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qv credit Top Renovation Loan Providers in Singapore

Loan providers

QV Credit

About QV Credit is a licensed money lending firm in Singapore dedicated to helping homeowners achieve their dream home through customized renovation loan solutions. They provide an array of loan services tailored to meet the unique renovation needs of different homeowners.
  • Customer-Focused Approach: Prioritizes the unique needs and financial situations of each client to offer personalized loan solutions.
  • Transparent and Fair: Ensures full transparency in all transactions, providing clients with clear information and fair conditions.
  • Efficient and Fast Processing: Streamlined application and approval process designed to deliver quick financial assistance to clients.
  • Flexible Loan Options: Offers a variety of loan packages with competitive interest rates and flexible repayment plans.
  • Professional and Licensed: Fully licensed by the Monetary Authority of Singapore, ensuring reliability and professionalism in their services.
Speciality
  • Renovation Loans: Tailored financial solutions to support various home improvement projects, allowing homeowners to transform their spaces effectively.
  • Flexible Repayment Schemes: Longer loan tenures compared to personal loans, enabling more manageable repayment plans for clients.
  • Competitive Interest Rates: Strives to keep interest rates low to make renovation loans more accessible and cost-effective for homeowners.
  • Instant In-Principle Approval: Quick application process with immediate in-principle approval to facilitate swift commencement of renovation projects.
Website https://qvcredit.sg/renovation-loan-singapore/
Address 175A Bencoolen Street #11-08 Burlington Square Singapore 189650
Telephone 6835 7666
Operating Hours Weekdays 11AM – 8PM
Saturdays 11AM -4PM
Closed on Sundays
Review 1 “QV Credit’s renovation loan process was streamlined and efficient, making it easy to finance our home makeover.”
Review 2 “Appreciated the transparent terms and competitive rates offered, making it a smooth experience from start to finish.”
Review 3 “The fast approval and disbursement of funds from QV Credit allowed us to start our renovations without any delays.”

 


galaxy Top Renovation Loan Providers in Singapore

Loan providers

Galaxy Credit Investment

About Galaxy Credit is a licensed financial service provider in Singapore, focusing on offering tailored renovation loan solutions. They aim to help homeowners transform their living spaces into their ideal dream homes while maintaining financial flexibility.
  • Customized Loan Solutions: Provides personalized renovation loans to meet the unique needs of every homeowner.
  • Comprehensive Coverage: Loans cover a wide range of renovation and furnishing needs, from plumbing and electrical works to carpentry and decoration.
  • Financial Flexibility: Offers flexible repayment terms, allowing homeowners to manage their finances effectively without compromising their lifestyle.
  • Efficient Service: Promises a fuss-free application process with fast approval, enabling clients to commence their home improvement projects swiftly.
  • Competitive Rates: Strives to offer loans with lower interest rates, making renovations more affordable for homeowners.
Speciality
  • Renovation Loan Services: Dedicated to financing a variety of home improvement projects to enhance living spaces.
  • Flexible Repayment Plans: Tailored repayment options designed to fit different budgetary needs and timelines.
  • Comprehensive Renovation Coverage: Loans can be used for extensive renovation works including masonry, carpentry, and exterior modifications.
  • Furniture Financing: Extends beyond traditional renovation works to include financing for new furniture purchases, helping complete the look of your newly renovated home.
Website https://galaxycredit.com.sg/renovation-loan/
Address 709 Ang Mo Kio Avenue 8 #01-2595
Singapore 560709
Telephone 6865 9500
Operating Hours Mondays – Saturdays 11AM – 8PM
Closed on Sundays
Review 1 “Galaxy Credit made my home renovation possible with their flexible loan options and reasonable rates.”
Review 2 “The application process was straightforward, and I appreciated the quick approval that let me start my project right away.”
Review 3 “Thanks to Galaxy Credit, I could spread out the renovation costs without draining my savings, making the financial side of things much more manageable.”

 

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tcc Top Renovation Loan Providers in Singapore

Loan providers

TCC Credit Co-operative

About TCC Credit Co-operative Limited is a financial institution in Singapore that provides a range of financial products and services including renovation loans with additional furnishing loan options. They aim to support members in enhancing their living spaces through affordable and flexible financial solutions.
  • Member-Centric Services: Offers financial solutions tailored to the needs of its members, emphasizing community and mutual support.
  • Competitive Loan Options: Provides renovation loans at an interest rate of 4% p.a., making home improvements more accessible.
  • Additional Furnishing Loan: Members can avail of up to an additional $5k for furnishings, enhancing the overall renovation project without requiring extra surety.
  • Exclusive Discounts: Partnerships with home improvement and furnishing companies like HipVan and myseat.sg provide members with valuable savings.
  • Extended Repayment Terms: Offers a repayment period of up to five years, facilitating easier management of renovation expenses.
Speciality
  • Renovation Loans: Tailored financing solutions for home improvement, allowing members to transform their residences into their ideal living spaces.
  • Furnishing Loan Extension: Unique offering that supplements renovation loans, enabling members to also finance their furnishing needs.
  • Member Benefits: Exclusive discounts and deals with partner brands, adding value beyond just financial assistance.
  • Flexible Eligibility: Catering to a wide range of members including salaried or contract staff, self-employed individuals, and private hire drivers.
Website https://www.tcc.org.sg/renovation-loan
Address 95 Killiney Road Singapore 239537
Telephone 6319 3700
Operating Hours Weekdays 8.45AM – 6PM
Saturdays 9AM – 1PM
Closed on Sundays
Review 1 “TCC’s renovation loan package was a game-changer for my home makeover, offering both the financial support and additional furnishing funds I needed.”
Review 2 “Applying for a renovation loan at TCC was straightforward, and the low interest rates made it very affordable for me.”
Review 3 “The exclusive discounts from TCC’s partners helped me save significantly on furnishings, adding immense value to my renovation project.”

 


uk credit Top Renovation Loan Providers in Singapore

Loan providers

UK Credit

About UK Credit is renowned for its commitment to helping Singaporeans transform their homes into comfortable and stylish living spaces. They offer renovation loans that are designed to meet the diverse needs of homeowners, enabling them to undertake everything from minor facelifts to major rebuilds.
  • Home Improvement Financing: Tailors renovation loan solutions to each homeowner’s unique needs, ensuring they can create their desired living environment.
  • Comprehensive Loan Usage: Loans can be utilized for a wide range of home improvement projects, including plumbing, electrical works, and carpentry.
  • Flexible Repayment Terms: Offers a variety of loan repayment options to suit different financial situations, helping homeowners manage their budgets effectively.
  • Competitive Interest Rates: Provides renovation loans at attractive rates, making home upgrades more affordable.
  • Streamlined Loan Process: Ensures a smooth and hassle-free application process, allowing quick access to funds.
Speciality
  • Versatile Renovation Loans: Supports a broad spectrum of home renovation projects to enhance both aesthetics and functionality.
  • Personalized Financial Solutions: Crafts loan packages based on individual renovation needs and financial circumstances.
  • Expert Financial Guidance: Offers professional advice to help homeowners make informed decisions about their renovation financing.
  • Rapid Loan Approval: Efficient processing times mean homeowners can start their renovations sooner.
Website https://ukcredit.sg/renovation-loan/
Address Blk 210 New Upper Changi Road (Bedok North Central)
#01-723 Singapore 460210
Telephone 6448 7448
Operating Hours Mondays – Saturdays 11.30AM – 8PM
Sundays 10.30AM – 6PM
Review 1 “The renovation loan from UK Credit was a lifesaver, enabling me to upgrade my home exactly how I wanted.”
Review 2 “Thanks to UK Credit, I could afford my dream home makeover without draining my savings.”
Review 3 “UK Credit offered me a renovation loan with terms that perfectly suited my financial situation, making the repayment process stress-free.”

 


lending bee Top Renovation Loan Providers in Singapore

Loan providers

Lending Bee

About Lending Bee is a recognized financial institution in Singapore, providing homeowners with unsecured home renovation loans up to $300,000 SGD. They aim to support homeowners in transforming their living spaces into the envisioned dream home with longer loan tenures and comprehensive financial solutions.
  • Comprehensive Financing Solutions: Offers extensive renovation loan options catering to a wide variety of home improvement needs.
  • Flexible Loan Tenures: Provides longer repayment periods compared to other lenders, allowing for more manageable monthly payments.
  • Streamlined Application Process: Ensures ease of application and quick loan approval to expedite home renovation projects.
  • Enhanced Credit Opportunities: Aims to improve borrowers’ credit scores through structured repayment plans.
  • Customer-Centric Services: Focuses on providing increased convenience and tailored loan solutions for each homeowner.
Speciality
  • Versatile Home Renovation Loans: Tailored to support different scales of home improvement, from minor updates to major renovations.
  • Customized Loan Packages: Personalized loan solutions based on individual renovation requirements and financial situations.
  • Immediate Fund Disbursement: Ensures quick availability of funds following loan approval to start the renovation process without delay.
  • Expert Financial Guidance: Offers professional advice to assist homeowners in making informed decisions regarding their renovation financing.
Website https://www.lendingbee.com.sg/borrow/home-renovation-loan/
Address Check for location here
Telephone 6219 1611
Operating Hours Check for opening hours here
Review 1 “Lending Bee provided me with a comprehensive renovation loan that perfectly suited my needs and budget.”
Review 2 “Thanks to Lending Bee, I could embark on my home renovation project immediately after loan approval, without any financial strain.”
Review 3 “The application process was straightforward, and the customer service was exceptional, making Lending Bee my top choice for financial assistance.”
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Top Renovation Loan Providers in Singapore (Updated 2024) 1

Loan providers

Standard Chartered

About Standard Chartered Bank (Singapore) Limited provides financial solutions tailored to meet diverse customer needs, including personal and renovation loans. These products are designed to help individuals manage their finances more effectively, whether for emergency use, household expenditure, or home improvement projects.
  • Flexible Financing Solutions: Offers both personal and renovation loans to cater to different financial requirements.
  • Competitive Interest Rates: Provides loans at competitive rates, enabling cost-effective borrowing.
  • Quick Disbursement: Features an expedited process for loan approval and disbursement, ensuring timely financial support.
  • Eligibility and Accessibility: Serves a wide range of customers with varied financial backgrounds.
  • Customer-Centric Services: Focuses on delivering tailored financial solutions and excellent customer service.
Speciality
  • Renovation Loans: Specifically designed for home improvement projects, allowing homeowners to enhance their living spaces.
  • Personal Loans: Offers flexibility in usage, from consolidating debts to funding large purchases or unexpected expenses.
  • Tailored Loan Amounts: Provides loans up to four times the applicant’s monthly income or as high as S$250,000 for personal loans.
  • Insurance Protection: Some loan options come with inbuilt insurance for added security in case of unforeseen circumstances.
Website https://creditenterprisesg.com/renovation-loan/?gclid=EAIaIQobChMIkpyM84T57wIV0SMrCh38IQSGEAAYAiAAEgJnMvD_BwE
Address 1 Park Road, #01-16
People’s Park Complex
Singapore 059108
Telephone 6978 5896
Operating Hours Daily 10AM – 8PM
Review 1 “The loan process was straightforward and efficient, providing the financial relief I needed promptly.”
Review 2 “I appreciated the competitive interest rates and flexible repayment options that suited my budget perfectly.”
Review 3 “The customer service at Standard Chartered was exceptional; they guided me through every step and ensured I understood all terms and conditions.”

 


bst credit Top Renovation Loan Providers in Singapore

Loan providers

BST Credit

About About BST Credit

BST Credit is dedicated to assisting homeowners in Singapore with their renovation needs by providing accessible renovation loans. Understanding the financial strain renovations can bring, they offer tailored solutions to make home transformations more affordable.

  • Focused Financial Solutions: BST Credit specializes in renovation loans, ensuring homeowners can comfortably finance their home improvement projects.
  • Customer-Centric Approach: They prioritize customer needs, offering low-interest rates and flexible terms for a stress-free borrowing experience.
  • Comprehensive Coverage: Loans cover a wide array of remodeling projects, from basic fittings to extensive overhauls, for both completed and under-construction homes.
  • High Financing Limits: They provide significant financing caps to accommodate extensive renovation projects, ensuring homeowners have the necessary funds.
Speciality
  • Renovation Loan Packages: Tailored specifically for home improvement, offering competitive interest rates and terms.
  • Flexible Repayment Options: Adaptable repayment plans to suit different financial situations, allowing for a smoother loan settlement process.
  • Comprehensive Project Coverage: Supports a variety of renovation activities, ensuring all aspects of home improvement are covered.
  • Streamlined Application Process: Simplified online and in-person application procedures for quick and easy loan acquisition.
Website https://www.bstcredit.com.sg/apply-renovation-loan/
Address Blk 131 Jurong Gateway Road, #01-251
Singapore 600131
Telephone 6299 1782
Operating Hours Mondays – Saturdays 11AM – 8PM
Closed on Sundays
Review 1 “The team at BST Credit was incredibly helpful, guiding me through the loan process with ease and providing the funds I needed for my home renovation swiftly.”
Review 2 “The comprehensive coverage of their renovation loan meant I could fund every aspect of my renovation project, from electrical work to interior design.”
Review 3 “I was impressed by the competitive interest rates and the high loan limit, which allowed me to complete my home renovation without compromising on quality.”

 


ssbec Top Renovation Loan Providers in Singapore

Loan providers

SSBEC

About SSBEC offer financial solutions tailored to homeowners looking to enhance their living spaces. They understand the unique needs of individuals aiming to refurbish their homes, providing dedicated funds to bring aesthetic and functional upgrades to life, ensuring customer dreams transform into reality without financial stress.
  • Comprehensive Loan Packages: Catering to diverse renovation needs, from minor upgrades to major overhauls.
  • Flexible Repayment Terms: Offering various loan tenures, ensuring manageable repayments.
  • Competitive Interest Rates: Ensuring the financial burden is minimized with attractive rates.
  • Streamlined Application Process: Simplified procedures for quick and hassle-free loan approval.
  • Additional Perks: Some institutions offer exclusive discounts and additional benefits, enhancing customer value.
Speciality
  • Diverse Renovation Coverage: Loans cover a wide range of projects including painting, electrical works, and structural alterations.
  • Tailored Financial Solutions: Personalized loan amounts and repayment plans based on individual financial situations.
  • Joint Loan Options: Allowing immediate family members to apply together for higher loan quantum.
  • Expert Financial Advice: Providing guidance to ensure loans meet clients’ renovation goals without overextending their finances.
  • Seamless Integration with Suppliers: Partnerships with home improvement suppliers for smoother renovation processes.
Website https://www.ssbec.coop/home/loan/renovation_loan
Address 11 Cantonment Road,
(near Cantonment Police Complex)
Singapore 089736
Telephone 6344 8627
Operating Hours Weekdays 9AM – 6PM
Saturdays 9AM – 1PM
Review 1 “Evette explained everything clearly, making the loan process easy to understand!”
Review 2 “Efficient and friendly service from Eugene, making my loan experience pleasant.”
Review 3 “Friendly staff and good support for needed time, better refer to more friends”

 

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posb Top Renovation Loan Providers in Singapore

Loan providers

POSB

About POSB offers dedicated renovation loans to help homeowners turn their residential spaces into dream homes. With competitive interest rates and a hassle-free online application process, POSB stands as a reliable partner in home improvement financing.
  • Online Application: Easy and hassle-free submission through POSB’s digital platforms.
  • Competitive Interest Rates: Attractive rates starting from 4.68% p.a., making renovations more affordable.
  • Comprehensive Coverage: Peace of mind with insurance to cover unforeseen circumstances.
  • Flexible Repayment Terms: Up to 5 years of repayment period to ease financial pressure.
  • Eco-friendly Renovation Options: Special rates for eco-aware loans encourage sustainable living choices.
Speciality
  • Borrowing Limits: Up to S$30,000 or 6 times the monthly income, catering to a variety of renovation scales.
  • Flexible Repayment: Tailored to fit different financial capabilities and renovation project scales.
  • Eco-aware Incentives: Special loans for environmentally friendly renovations, promoting sustainable practices.
  • Comprehensive Insurance: Added security with Manulife coverage for unexpected situations.
Website https://www.posb.com.sg/personal/loans/homeloans/renovation-loan
Address Check for location here
Telephone 1800 339 6666
Operating Hours Check for opening hours here
Review 1 “The online application was straightforward and quick. I received approval in no time.”
Review 2 “Attractive interest rates made our dream renovation possible without breaking the bank.”
Review 3 “The extended repayment period gave us the flexibility we needed to manage our finances better.”

 


horison credit Top Renovation Loan Providers in Singapore

Loan providers

Horison Credit

About Horison Credit is a licensed moneylender in Singapore committed to helping homeowners transform their living spaces into their dream homes without financial strain. Recognizing the high costs associated with buying and renovating homes in Singapore, Horison Credit offers a tailored Home Renovation Loan to ease this financial burden.
  • Hassle-Free Application: Streamlined online loan application process for quick approvals.
  • Flexible Loan Terms: Up to 3 years, allowing borrowers to manage their finances more comfortably.
  • Competitive Rates: Low-interest rates ensure affordability and lessen the financial load.
  • Non-restrictive Use: Borrowers have the freedom to use the loan for various renovation needs without strict reporting requirements.
  • Trustworthy Service: Fully compliant with Singapore’s legal standards, providing a secure lending environment.
Speciality
  • Flexible Loan Amounts: Borrow up to six times your monthly income for extensive renovation projects.
  • Diverse Renovation Coverage: Loans can be used for kitchen upgrades, electrical work, bathroom enhancements, and more, catering to a wide range of renovation needs.
  • Transparent Fees: Clear explanation of all charges, including low processing fees, ensuring no hidden costs.
  • Fast Funding: Quick loan disbursement to start on renovation projects without delay.
  • Legal and Ethical: Adherence to Singapore’s lending laws for peace of mind.
Website https://www.horisonmoneylender.com.sg/blog/apply-for-home-renovation-loan/
Address 1 Park Road, #01-15 People’s Park Complex
Singapore 059108
Telephone 6844 2902
Operating Hours Mondays – Saturdays 11AM – 8PM
Closed on Sundays
Review 1 “Joye is fast and efficient; she helped me out with all my loan enquiries. Very patient and detailed in explaining the loan terms.”
Review 2 “Easy to understand and fast. Shout out to Joye and her team members, very polite to customers.”
Review 3 “Great service and explanation from Desmond. He helped me solve my issues by nicely planning out the road.”

 


Editor’s Note:

While every precaution has been made to ensure the accuracy and fairness of this listing, we acknowledge that they may be inaccuracies. Therefore, we urge you to contact the service provider above for the correct information and/or contact us with the correct information.

If you are a service provider and wish to be featured in this listing (MediaOne reviews are read by hundreds of thousands of Singaporeans), please contact us at enquiry@mm.com.sg. There is no charge! Please allow us up to 3 working days to review before adjusting the information or including your entry.

About the Author

Tom Koh

Tom is the CEO and Principal Consultant of MediaOne, a leading digital marketing agency. He has consulted for MNCs like Canon, Maybank, Capitaland, SingTel, ST Engineering, WWF, Cambridge University, as well as Government organisations like Enterprise Singapore, Ministry of Law, National Galleries, NTUC, e2i, SingHealth. His articles are published and referenced in CNA, Straits Times, MoneyFM, Financial Times, Yahoo! Finance, Hubspot, Zendesk, CIO Advisor.

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