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 an Eco-Care Renovation Loan for more savings

Who can apply

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

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


Flexible repayment

Enjoy up to 5 years of loan repayment with an interest rate of 5.08% per annum (EIR: 5.70%*).

First 3 cashier's orders free

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

Fast, simple and secure loan application

Apply online via Myinfo and get your OCBC Renovation Loan approved within 60 seconds.

Eco-Care Renovation Loan

Be part of a greener Singapore – make 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 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.

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


Find out the estimated loan amount you can get for your home renovation.

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 for your renovation

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

Calculate here

Step 2

Get a renovation quotation

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

Step 3

Apply for a home 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.

To apply for an Eco-Care Renovation Loan, complete and pass the 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.
Livspace X OCBC Promotion
Save on your dream home renovation

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.

before you apply

Eligibility requirements

Minimum age

21 years old


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)


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

Common questions about Home Renovation Loans
What is a home renovation loan?

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.

How do I apply for the OCBC renovation loan for a new flat?

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.

What’s the maximum loan amount I can get?

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.

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