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

MoneyIQ - Renovation Loan Singapore

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.

Thank you for your interest! As much as we want to extend our help, the loan offers are NOT available for foreigners in Singapore for the time being.

Please come back and check it out again in the future.

Terms and Conditions

Only 21 years old and above is eligible for loan application.

To preserve the confidentiality of all information you provide to us we maintain the following Privacy Principles.

By clicking "Submit" and providing your personal data, you consent to our loan providers contacting you via the telephone and email and permitting to do a search on the Credit Association Singapore (CAS) web portal for the loan application purpose.

We only collect personal information that we believe to be relevant and required to understand your financial needs.

We will only use any information collected as minimally as possible, mainly to assist us in customising and delivering loan packages that are of interest to our customers.

We will not make unsolicited requests for customer information through email or the telephone, unless customers initiate contact with us.

We have established strict confidentiality standards for safeguarding information on our customers.

Our loan providers will not use or disclose information collected from you other than for the purpose made known to you, authorised by you or required by the Law.

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 shopping around for loans. We’re making it easier and faster to find for personalised renovation loan offers.

Your Ultimate Guide to Finding Renovation Loan
with the Best Interest Rates in Singapore (2024)!

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 to a cozy place after a tiring day, rest comfortably, and spend quality time with our family. Simply, we just want to own a place that we can call our home!

Additionally, most Singaporeans work on renovation to make their homes aesthetically pleasing and to increase their resale value. Although they already made a big investment after buying a house, they still want to achieve the perfect picture of their dream home. They wanted to revamp their houses by applying the home inspiration they found online.

home renovation loan

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?

This 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 loan for 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

This financial product 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. Whether it’s a new or an old place – upgrades are possible with a renovation loan. Additionally, with a home revitalization loan, you can add value to your house since its value will significantly increase.


How to qualify for a home renovation loan?

A home revitalization 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 factors that affect the amount that you can receive from this loan. Among the factors that you need to consider when getting this loan are 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. The maximum loan you can borrow is up to S$100,000, and some private lenders may allow you to borrow up to six times your monthly salary.

What are the Benefits of Taking a This 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, you must look for the best loan provider that can finance your home improvement needs. If you are on the hunt for 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. Application and approval are fast but still, you have to consider the following to avoid delays:

In need of Renovation Loan Today?
Get Personalised Offers in less than a Minute!

Tips on How to Save Money on Renovation Loans

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

When it comes to borrowing for a fast cash loan it is essential to determine first the interest rates offered by the licensed moneylender. Thus, it helps if you begin by comparing rates and guidelines that can help you determine if the terms offered will meet your current financial situation.

Before signing any 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, don’t hesitate to clarify these details with your lender before signing up for your loan application form.

Most importantly, be sure that you completely understand 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, 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.