Renovation Loan | OCBC Singapore

renovation loan

Bring your home to life

Why you will love this

Enjoy an interest rate offer of 4.18% a year (monthly rest rate)

Borrow up to 6 times your monthly income or S$30,000, whichever is lower

Loan disbursed 1 working day after approval

Who can apply

Singaporean or Singapore PR between 21 and 59 years old earning a minimum income of S$24,000 a year

For joint applications, at least 1 applicant needs to earn this amount or more

Let your creative ideas bring your home to life with funding from OCBC Renovation Loan.

Renovation Loan Calculator

Find out how much interest you need to pay

Monthly income
Loan amount and loan tenure
Here is how much you need to pay

Monthly income

Loan amount and loan tenure

Loan tenure

Renovation loan estimated

You qualify for

S$ 0

Based on application type
Monthly instalment S$ 0
Total interest charged S$ 0
Loan process to apply for a renovation loan

Step 1

Check how much you need

Use our renovation budget planner to calculate how much your ideal renovation will cost.

Calculate here

Step 2

Get a renovation quotation

Obtain a quote from your desired contractor. You will need to attach this to your application.

Step 3

Apply for a renovation loan

Choose your preferred way of applying online. If you apply via MyInfo, no additional documents are required.

If you apply without MyInfo, please prepare the following documents:
  • NRIC
  • Latest IRAS Notice of Assessment
  • Payslips for the last 3 months (if employed)
  • Proof of relationship (for joint applicants only)

Step 4

Sit back and wait for your cashier's order

Once approved, the cashier's order will be disbursed to you within 5 working days.
before you apply

Eligibility requirements

Minimum age

21 years old


Singaporeans and Singapore PRs

Minimum income

S$24,000 a year

For joint applicants, at least 1 applicant needs to earn this amount or more

Joint applicants

Main and joint applicants must be related (either parent and child, spouse or sibling)


Admin fee

1.5% on loan amount

Cancellation fee

2% on loan amount

Prepayment fee

2% on amount prepaid

Full redemption fee

2% on outstanding loan balance

Late fee


Additional information

Online loan approval and usage are only applicable for applications via MyInfo. Please note delays or non-approvals of applications may occur for various reasons.

ways to apply

Apply for an OCBC Renovation Loan today

For Singaporeans and Singapore PRs:


For foreigners:

Employment Pass (EP); or S-Pass

Initial deposit:


Include any one of the following documents:

Phone bill
Half-yearly CPF statement
Any bank statement