rhb-bank-logo-renovation-loan-singapore

 

At Reno Pro, we want to provide you with the best customer service and value added information that will give you a smoother process during your renovation project. We have specially compiled for you the following RHB Renovation Loan information for your convenience.

Feel free to Request a Quotation from us for your Renovation Project now!

Try our Mortgage and Loan Calculator! Interest computed is based on Monthly Rest and not Flat Rate.
Loan Calculator Mortgage Calculator
MortgageLoan
SGD
years
%
Bank Loan Term Interest Rate
(per annum)
Processing Fee Minimum Annual Income Citizenship Age Requirement Additional
RHB
Choice of
1 - 5 Years
5.80%
Monthly Rest

6.16% - 7.61%
EIR
1% of Approved Loan SGD30,000 for Main Applicant

Joint Applicant must be gainfully employed (must be a spouse, parent, sibling or child)
Singaporean & Singapore PR 21 - 55
Years Old
Loan up to 6 times your monthly income (capped at SGD30,000 or whichever is lower)

Includes Free Insurance

Optional Furnishing Loan Available
RHB
Choice of
1 - 5 Years
2.98%
Flat Rate

6.02% - 7.32%
EIR
1% of Approved Loan SGD24,000 for Main Applicant

Joint Applicant must be gainfully employed (must be a spouse, parent, sibling or child)
Singaporean & Singapore PR 21 - 55
Years Old
Loan up to 6 times your monthly income (capped at SGD30,000 or whichever is lower)

Includes Free Insurance

Optional Furnishing Loan Available
Notes
  • 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
Usually, flat rate interest is lower than monthly rest but it does not mean that you pay less interest. What should be considered is the effective interest that you need to pay and the total interest for the renovation loan that you take up. Disclaimer For precise information based on your unique needs, please contact the relevant banks. Rates are subject to changes and promotions. Reno Pro's loan calculator is only a guideline. Please confirm with the relevant bank for final figures. Information is accurate as of 15 Nov 2016.

We Will Be Glad To Provide You With A Customized Renovation Project Quotation.

Contact Us Here!