Fulfill Your Home Improvement Project With A Renovation Loan!
Apply Today and Get Fast Renovation Loan Offers!
Fulfill Your Home Improvement Project With A Renovation Loan!
Apply Today and Get Fast Renovation Loan Offers!
The Fastest Way to Get Renovation Loan Offers

Apply for Renovation Loan Singapore
Let our loan matching system find the best loan offers in less than a minute. Get started by completing the form below.
No need to spend the day to shop around for loans. We’re making it easier and faster to find for personalised renovation loan offers.
No need to spend the day to shop around for loans. We’re making it easier and faster to find for personalised renovation loan offers.
Your Ultimate Guide in Finding Renovation Loan
with the Best Interest Rates in Singapore (2023)!
After buying a house, the next major decision that you’ll make to achieve your dream home is embarking on a home renovation. After all, we want our homes to be welcoming, relaxing, and a safe place to live in. We want to go home in a cozy place after a tiring day. Also, we want to rest comfortably and spend quality time with our family. And, simply, we just want to own a place that we can call our home!
Most Singaporeans work on the renovation to make their homes aesthetically pleasing and to increase its resale value. Although they have made a big investment after buying a house, they still wanted to achieve the perfect picture of their dream home. They wanted to revamp their houses by applying the home inspiration that they have searched online.

Even though you are among the many who are excited for a home revamp, in reality, home renovation in Singapore is not cheap. An average home renovation or improvement costs about S$30,000 and if you are aiming for a high-quality one you can end up spending over $100,000 for a Resale flat. You can spend from S$30,000 to S$60,000 for a Built to Order (BTO) flat and at least S$10,000 for an Executive Condominium.
If you have spent all your savings on buying your home, you need a financial help in achieving the look of your dream house. Acquiring a home renovation loan can help you turn your dream into a reality. It can help you with financing your home improvement plan. Whether it is building your dream living room, kitchen, or bedroom, a home improvement loan will provide funds to upgrade your home design.
What is a Renovation Loan in Singapore?
A renovation loan in Singapore is a type of financing dedicated to home improvement. This loan is needed to personalise your home designs or revitalise your home. You can use the renovation loan in the following:
- Painting the wall
- Electrical wiring and other wiring jobs
- Flooring and Tiling
- Redecoration
- Bathroom fittings
- External works e.g. Roofing
- Carpentry/Built-in cabinets or cupboards
- Structural Alterations
A renovation loan is also available at local licensed private moneylenders. By securing this loan it can lessen your financial worries when comes to attaining the renovation that your home needed the most. And whether it’s a new or an old place – upgrade is possible with a renovation loan. Additionally, with a home revitalization loan you can add value to your home. With home improvements, your house’s resale value will significantly increase.

How to qualify for a home renovation loan?
Home renovation loan involves a large amount of money, thus it essential that you have think it carefully before applying. If you have already decided, these are the eligibility requirements:
- A Singaporean or a PR
- 21 years old and above
- NRIC/PR Proof
- Income Stability Proof
How much Renovation Loan I can Get?
There are numerous of factors that affect the amount that you can receive from a renovation loan. Among the factors that you need to consider when getting this loan is the type of housing and renovation level. To cite a scale, the average cost of renovating an HDB flat is about S$53,000. The other factors that you may need to consider are the fees and charges coming from a contractor, an interior designer, or a design and build contractor. And, the maximum loan you can borrow is up to S$100,000 or some private lenders allows you to borrow up to six times your monthly salary.
What are the Benefits of Taking a Renovation Loan?
How to Find the Best Renovation Loan Provider
The number of loan providers continues to increase over time. Since there are numerous lenders available in the market, it is vital that you must look for the best renovation loan provider that can finance your home improvement needs. If you are on the hunt of the best loan provider, you need to consider the following:
How You can Apply Quickly for a Renovation Loan ?
Applying for a renovation loan is now much easier since most of the moneylenders uses an online application. At the same time, application and approval are fast but still, you have to consider the following to avoid delays:
Tips on How to Save Money on Renovation Loans
Renovation loan installments can become difficult to pay, especially if you already dealing with other responsibilities. If you are dealing with financial constraints, here are a few things you can do to reduce the amount of money you plan to borrow.
Notes to Borrowers in Singapore
Prior to signing the agreement, check if there are hidden fees, clauses, or other details you need to know. Choose money lenders that offer affordable interest rates and reasonable repayment schedules. If there is anything unclear in the contract, simply clarify these details with your lender before signing up for your loan application form.
Most importantly, be sure that you understand completely the details presented in the contract before you sign anything with money lenders. The draft given to you by the moneylender should be written in a language that you can understand. If you need assistance, you may also want to consult a lawyer who can help explain the details to you. Blindly signing any contract will only put you in deep trouble eventually. So, if there are doubtful items stipulated in the contract, you can always walk away and look for a better lender. After all, it is ultimately your choice whether to take out a loan from a particular lender or find another one that meets your concerns.