- Promotional interest rate of 4.98% per annum (EIR: 5.60%)
- One-time S$88 bill rebate when you sign up for Senoko's LifeGreen24 plan
Terms and conditions apply.
Receive S$50 cash reward when you open a 360 Account and credit your salary within 2 months. Valid till 11 June 2023.
Insured up to S$75K by SDIC. T&Cs apply.
Estimate your home affordability, valuation and rental yield in one single calculator.
Conveniently and securely exchange AUD, CAD, CNH, EUR, GBP, HKD, JPY, NZD and USD, 24/7 via OCBC Digital, for your overseas transfer, travel payments, online spends, investments and more.
Reduce your taxable income by the same amount contributed to your SRS Account, with a maximum yearly contribution of S$15,300 for Singaporeans and Singapore PRs, and S$35,700 for foreigners.
Borrow up to 6 times your monthly income or S$30,000, whichever is lower
Simple and secure online application, with 60-second approval
Opt for an Eco-Care Renovation Loan for more savings
Singaporean or Singapore PR between 21 and 59 years old with a minimum income of S$30,000 a year
For joint applications, at least 1 applicant needs to earn this amount or more
Enjoy 0% interest for the first year.T&Cs apply.
Find out more
Enjoy up to 5 years of loan repayment with an interest rate of 5.08% per annum (EIR: 5.70%*).
Cashier's orders are issued with your appointed renovation contractor name.
Apply online via Myinfo and get your OCBC Renovation Loan approved within 60 seconds.
Be part of a greener Singapore – make sustainable home renovations and enjoy significant savings.
Verify that your home will be energy efficient with the Tropical Home Energy Efficiency Assessment (THEEA) developed by the Building and Construction Authority (BCA). Complete it in just 2 minutes before applying for the OCBC Eco-Care Renovation Loan.
Terms and conditions apply.
*Effective Interest Rate (EIR) is based on S$30,000 loan amount and 5 year loan tenure.
Build SG
Build SG
Find out the estimated loan amount you can get for your home renovation.
Loan amount and loan tenure
Renovation loan estimated
Loan breakdown
Eco-Care Renovation Loan
Renovation Loan
Step 1
Step 2
Step 3
Step 4
Step 5
Get a full rebate of your first year loan interest by Livspace, and admin fee waiver by OCBC. Take up a renovation package with Livspace and apply for an OCBC Renovation Loan online to enjoy the promotion*.
*Promotion is valid from 18 April 2023 to 31 December 2023. Terms and conditions apply. Fees and charges apply.
Minimum age
21 years old
Nationality
Singaporeans and Singapore PRs
Minimum income
S$30,000 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)
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.
A home renovation loan is a financing option that can be taken if you require capital to pay for home renovation works in your new or current house. Such loans usually have lower interest rates than personal loans and come with longer tenure periods. You make monthly payments to pay off the loan, which includes the interest.
OCBC home renovation loan packages can be taken up by Singaporeans or Singapore PRs through a single or joint application. You can use the One Advisor Home Portal to find the best interest rate or use the home improvement loan calculator.
You will need to prepare your contractor’s quotation, proof of ownership of the property being renovated and renovation permit (if applicable).
Your contractor or interior designer may provide you with an invitation code, which you can include in your application, but you can also apply without one. Simply click on the ‘Apply online’ button to submit your application.
The amount of the renovation loan depends on the amount quoted by your contractor, as well as your repayment ability. You can borrow up to 6 times your monthly income or S$30,000, whichever is lower.
Find out how much loan you are eligible for by speaking to our loan specialists, or enquire about other products by OCBC Bank.
NRIC
Passport
Employment Pass (EP); or S-Pass
S$1,000
Phone bill
Half-yearly CPF statement
Any bank statement
Subject to the extent of income loss due to death or total and permanent disablement, this insurance will help to pay off the outstanding balance due to the bank at the point of death or total and permanent disablement.
For more information, please refer to the 'Terms and Conditions Governing Group Creditors' Life Insurance found within the ‘Terms and conditions governing OCBC Renovation Loan’.
Includes your fixed and variable monthly income.
For a single loan, your monthly income must be S$2,500 or more.
For a joint loan, your combined annual income must be at least S$35,000 with 1 person‘s monthly income of S$2,500 or more.
Adding a second person’s income may increase the quantum of the loan amount granted.
For joint application, we may grant a loan up to 12 times of the monthly income, based on the lower income amount of the 2 applicants, capped at $30,000.
2 single applicants may each borrow up to 6 times your monthly income or S$30,000, whichever is lower.
Borrow a minimum amount of S$5,000.
Your estimated monthly instalment is computed based on this amount that you wish to borrow.
Based on the amount you wish to borrow, this is the estimated maximum loan amount that you qualify for.
Each single applicant may borrow up to 6 times your monthly income or S$30,000, whichever is lower.
Joint applicants may borrow up to 6 times your combined monthly income or S$30,000, whichever is lower.
Your estimated loan amount is computed based on the stated type of loan application.
1 person may apply for a single loan.
2 persons may apply for a joint loan and borrow up to 12 times the lower monthly income or S$30,000, whichever is lower.
This is the difference between the loan amount that you wish to borrow and that you qualify for.
You may need to use cash or other funds to meet the renovation budget you’re interested in.
Electricity Plans | Contract Duration | Promo Code | Entitlement |
SUNSEAP-100 (Fixed Rate) | 24 months | OCBCECO80 | $80 Bill Rebate to be reflected on the 6th bill |
SUNSEAP-100 (Discount Off Tariff) | 24 months | OCBCECO80 | $80 Bill Rebate to be reflected on the 6th bill |
The energy rate applicable for these plans can be found on Sunseap's website at www.sunseap.com at point of sign-up.