Reno Pro has compiled some information on CIMB Renovation Loan in Singapore for your convenience. We love to make the process for your easier and convenient.
If you have yet to, contact us to Request a Quotation now!
|Bank||Loan Term||Interest Rate |
|Processing Fee||Minimum Annual Income||Citizenship||Age Requirement||Additional|
| || Choice of |
1 - 5 Years
| 2.98% - 4.44% |
|1% of Approved Loan|| SGD24,000 for Single and/or Joint Applicants |
Joint Applicant must be a spouse, parent, sibling or child
|Singaporean & Singapore PR|| 21 - 50 |
|Loan up to 6 times your monthly income (capped at SGD30,000 or whichever is lower)|
- A Guarantor is not required for all listed Renovation Loans indicated above
- EIR = Effective Interest Rate
- Effective Interest Rate: Reflects the total cost charged for taking the loan
- Monthly Rest Rate: Interest is charged based on the previous month's outstanding loan
- Flat Rate: Interest is charged on the original loan amount