Looking to transform your house into your dream home or making room for your growing family? Planning a renovation may seem daunting but the most important factor to consider is the cost involved. Getting a renovation loan gives you a peace of mind to focus on designing and enhancing the aesthetic beauty of your new home.
What renovation loan generally covers: –
- Interior Designing
- Electrical works
- Carpentry
- Floor & wall tiling
- Plumbing works
- Painting
- Addition/Alteration of façade of the house
Most of the banks in Singapore offer renovation loan with varying interest rates and perks to house owners to finance their dream home. However, if you need the loan to cover home furnishing as well, separate Home Furnishing loan need to be taken up with the bank. Do note that Home Furnishing loan’s interest rates differ from Renovation Loan.
We have compiled some general information such as loan tenure, interest rates and borrower’s eligibilities for renovation loans offered by various banks in Singapore.
For detailed explanation, please kindly contact the respective banks for more information. Alternatively, give us a buzz at +65 9115 5690 or email to [email protected] and we will arrange our bankers to liaise with you.
*Only HDB Registered Contractors are allowed to carry out renovation works in HDB flats.
