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Turn Your Home Dreams into Reality
Finance your dream home or upgrade your current space with ease. Our renovation and housing loans offer flexible terms, fast approval and repayment plans that fit your lifestyle, whether you are planning a major renovation or topping up a bank renovation loan. Every charge is capped by law: interest of up to 4% a month, an approval fee of up to 10%, late fees of up to $60 a month, and total charges that can never exceed the amount you borrow.
Frequently Asked Questions
What is a renovation and housing loan?
A renovation and housing loan is a financing option that helps you either purchase a new home or renovate your existing property. Whether you’re upgrading interiors, expanding living space, or buying a house, this loan offers flexible funding tailored to your needs.
Who can apply for this loan?
You are eligible to apply if you:
• Are at least 21 years old
• Have a stable source of income (employed or self-employed)
• Are a resident or citizen with valid identification
• Can provide supporting documents for the property or renovation work
What can this loan be used for?
This loan can be used for:
• Costs related to buying a new BTO, resale HDB or even a private condominium
• Renovating or remodelling kitchens, bathrooms or interiors
• Structural upgrades, extensions or repairs
• Electrical, plumbing or flooring work
• Interior design, furniture or fittings
What are the repayment terms?
Repayment periods typically range from 1 to 10 years, depending on the loan amount and purpose. Renovation loans often have shorter terms, while housing loans may have longer tenures.
Is collateral required?
For renovation loans, no collateral is usually required. However, for housing loans (especially larger ones), the property being financed may be used as collateral or security for the loan.