Try our Mortgage and Loan Calculator! Interest computed is based on Monthly Rest and not Flat Rate.

	Purchase price: SGD Down payment: % Mortgage term: years Interest rate: % Property tax: SGD per year Property insurance: SGD per year PMI: % First payment date: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 Amortization: show by year show by month Loan amount: SGD Loan term: years Interest rate: % First payment date: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 Amortization: show by year show by month

Bank	Interest Rate (per annum)	Processing Fee	Minimum Annual Income	Age Requirement	Additional
	Loan Term of 1 - 5 Years OCBC Home Loan Customers 4.98% Monthly Rest 5.53% - 7.08% EIR Non-OCBC Home Loan Customers 5.38% Monthly Rest 6.25% - 8.88% EIR	$200 + 1% Approved Loan (minimum $100)	SGD24,000 for Single and/or Joint Applicants	21 - 59 Years Old	Loan up to 6 times your monthly income (capped at SGD30,000 or whichever is lower) Includes Free Insurance Only Singapore Bank that allows a Third Party Borrower
	Loan Term of 1 - 5 Years DBS Home Loan Customers 4.38% Monthly Rest 5.11% - 8% EIR Non-DBS Home Loan Customers 4.88% Monthly Rest	1% of Approved Loan + 1% Insurance	SGD24,000 for Single Applicant Joint Applicant must be gainfully employed with a minimum of SGD12,000 annual income (must be a spouse, parent, sibling or child)	21 - 65 Years Old	Loan up to 6 times your monthly income (capped at SGD30,000 or whichever is lower) Includes Comprehensive Insurance Coverage
	Loan Term of 1 - 5 Years 2.98% - 4.44% Monthly Rest EIR 4.58%	1% of Approved Loan	SGD24,000 for Single and/or Joint Applicants Joint Applicant must be a spouse, parent, sibling or child	21 - 50 Years Old	Loan up to 6 times your monthly income (capped at SGD30,000 or whichever is lower)
	Loan Term of 1 - 5 Years Maybank Home Loan Customers 3.88% Monthly Rest Non-Maybank Home Loan Customers 5.38% Monthly Rest	1% of Approved Loan	SGD30,000 for Single Applicant Joint Applicant SGD24,000 (for main applicant) must be gainfully employed (must be a spouse, parent, sibling or child)	21 - 60 Years Old	Loan up to 6 times your monthly income (capped at SGD30,000 or whichever is lower)
	Loan Term of 1 - 5 Years 2.98% Flat Rate	1% of Approved Loan	SGD30,000 for Single Applicant Joint Applicant SGD24,000 (for main applicant) must be gainfully employed (must be a spouse, parent, sibling or child)	21 - 60 Years Old	Loan up to 6 times your monthly income (capped at SGD30,000 or whichever is lower)
	Loan Term 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)	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
	Loan Term 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)	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
	4% Flat Rate	Apply Online to enjoy 10% Discount on Processing Fees	SGD14,400 (SGD1,200 monthly)	21 - 60 Years Old	Loan up to SGD30,000

• A Guarantor is not required for all listed Renovation Loans indicated above
• Only Singaporean and Singapore PR are eligible for loans
• 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.

Information is accurate as of 15 Nov 2016.

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