renovation loan

Fast-forward your online renovation loan approval to 60 seconds

Why you will love this

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 Eco-Care Renovation Loan for more savings

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 dream home to life with funding from OCBC Renovation Loan.


Flexible repayment

Enjoy up to 5 years of loan repayment with an interest rate of 4.18% per annum (EIR: 4.80%*).

First 3 cashier's orders are free

Cashier's orders are issued with your appointed renovation contractor name.

Fast, simple and secure loan application

Apply and get your renovation loan approved within 60 seconds via a secure and fully digital process.

Opt for our Eco-Care Renovation Loan

Be part of a greener Singapore with your sustainable home renovations and enjoy significant savings.

Eco-care renovation loan

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.

Make your home improvement more sustainable and enjoy these benefits:
  • Promotional rate of 3.98% per annum (EIR: 4.60%*)

Terms and conditions apply.

See all Eco-Care Loans

*Effective Interest Rate (EIR) is based on S$30,000 loan amount and 5 year loan tenure.

Partners of eco-care renovation loan
Build SG

Build SG

Build SG

Build SG

Renovation Loan Calculator

Find out the loan amount you may qualify for

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

Eco-Care Renovation Loan
Based on application type
Monthly instalment S$ 0
Total interest charged S$ 0
Renovation Loan
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 whether you are a single or joint applicant and submit your documents online. The application process takes just 10 minutes with Myinfo.

For Eco-Care Renovation Loan, complete and pass THEEA. This takes just 2 minutes. Provide the assessment reference number in your loan application.

Step 4

Submission of verification documents

Our loan specialists will reach out to you via email for the submission of verification documents.

Step 5

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

0.5% on loan amount

Insurance premium

1% 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