Renovation Loan Singapore | Compiled List by Reno Pro

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!

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:     
  Amortization:    show by year
  show by month  
   
   
 
 
 
 
 
         
    Loan amount:   SGD  
  Loan term:   years  
  Interest rate:   %  
  First payment date:     
  Amortization:    show by year
  show by month

Notes

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.

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