At Reno Pro, we want to make your entire Renovation Project smooth as possible for you. We have compiled important information of Renovation Loans in Singapore for you here. Usually, you will get better interest rates from banks that you have already gotten your Home Loan from.
Aside from Renovation Loan here, please do Request a Quotation from us for your Renovation Project! We are excited to serve you!
- 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.
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.
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