Renovation Loan
Design your dream home with our renovation loan
Financing of up to S$30,000
Flexible repayment period from 1 to 5 years
Attractive interest rates
Additional funding with EasiCredit and BEST-OCBC Platinum MasterCard
Free insurance covers outstanding loan in the event of death or total and permanent disability
Eligibility
- Age between 21 and 55
- Annual income S$36,000 and above (for joint application, main applicant’s annual income must be S$24,000 and above)
- Singaporeans and Singapore PRs
Interest rates
| Loan period | Loan less than S$10,000 | Loan S$10,000 and above | ||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
 EIR |
EIR |
|||||||||||||||||||||||||||||||||||||||||||
| 1 year | 6.25% | 12.68% | 5.38% | 8.88% | ||||||||||||||||||||||||||||||||||||||||
| 2 years | 9.67% | 7.27% | ||||||||||||||||||||||||||||||||||||||||||
| 3 years | 8.63% | 6.55% | ||||||||||||||||||||||||||||||||||||||||||
| 4 years | 8.11% | 6.42% | ||||||||||||||||||||||||||||||||||||||||||
| 5 years | 7.79% | 6.25% | ||||||||||||||||||||||||||||||||||||||||||
Monthly repayments
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Monthly repayments
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2 ways to apply
By mail
Complete the form and mail it to us with copies of your:
1
NRIC
for Singaporeans
and Singapore PRs
2
Income documents
- Pay slips from the last 6 months (salaried employeess) or;
- CPF contribution history of last 6 months
(12 months for self-employed and commission-based earners) or; - Latest income tax statement (2 years for self-employed and commission-based earners)
3
Property documents
- Contractor’s quotation
(signed by you and your contractor) - HDB Sales Order or lawyer’s letter if living in rented property
For joint applicants, please also attach your marriage certificate (for spouses) or birth certificates (for siblings or parent-child).
At a branch
Please bring along:
1
NRIC
for Singaporeans
and Singapore PRs
2
Income documents
- Pay slips from the last 6 months (salaried employeess) or;
- CPF contribution history of last 6 months(12 months for self-employed and commission-based earners) or;
- Latest income tax statement (2 years for self-employed and commission-based earners)
3
Property documents
- Contractor’s quotation (signed by you and your contractor)
- HDB Sales Order or lawyer’s letter if living in rented property
For joint applicants, please also attach your marriage certificate (for spouses) or birth certificates (for siblings or parent-child).
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