New! Renovation Loan Promotion
Existing OCBC Home Loan customers get to enjoy a promotional rate of 3.88% p.a. (EIR 4.57% p.a.). Details here.
One of the lowest renovation rates in town, exclusively for existing OCBC Home Loan customers!
What you need to know
For other terms and conditions, please click here.
Your Virtual Service Ambassador
Now you can let Emma answer all your frequently asked home and renovation loan questions. Simply click on the chat box at the lower right hand corner of your screen to start chatting.
To protect your information, Emma is unable to answer specific questions on your loan account.
You may choose to leave your contact details with her and we will get back to you within the next working day.
First 3 cashier orders are free
Flexible repayment period from 1 to 5 years
Loan up to 6 times your monthly income (capped at S$30,000 whichever is lower) Min loan size: S$5,000
Wide selection of renovation contractors & interior designers
Click here to view HDB's list of approved contractors
OCBC Home Loan customers are entitled to enjoy special interest rates.
(min. of S$5,000 and max. of S$30,000)
The calculator is for your convenience only and you have chosen to use it and rely on any results at your own risk. OCBC Bank will not under any circumstances accept responsibility or liability for any losses that may arise from a decision that you may make as a result of using the calculator.
Note: You need a minimum monthly income of S$2,000 to qualify for a loan of your stated amount.
The figures reflected in this table are indicative; the disbursed loan amount may not equate to the approved loan amount. Upfront processing fees may apply.
S$200 (deducted up-front upon disbursement)
1% of approved loan amount (deducted up-front upon disbursement)
Partial prepayment fee
2% of amount prepaid
Full redemption fee
2% of outstanding loan balance
First 3 cashier orders are free; subsequently S$20 each (cashier's orders will be issued in the contractor's company name)
Late instalment payment
S$80 per late repayment
|S$200 (deducted up-front upon disbursement)|
|1% of approved loan amount (deducted up-front upon disbursement)|
|Partial prepayment fee|
|2% of amount prepaid|
|Full redemption fee|
|2% of outstanding loan balance|
|Free for first 3; subsequently S$20 each (cashier's orders will be issued in the contractor's company name)|
|Late instalment payment|
| S$50 per late repayment*
* S$80 per late repayment with effect from 1st April 2016
|Click here for the full pricing guide.|
Apply for a Renovation Loan from the comfort of your home.Apply now
and Singapore PRs
and Singapore PRs
Terms and Conditions
Effective interest rate (EIR) the rate that takes into consideration the applied interest rate of the loan, PLUS all fees, such as the processing fee or administrative charges.
|Loan Period||Annual Interest Rate||Effective Interest Rate^||Estimated Monthly Repayment#|
|Based on an approved loan of S$30,000|
^1% admin fee applies for OCBC Home Loan customers. S$200 processing fee and 1% admin fee applies for non-OCBC Home Loan customers.
#Calculated based on a loan amount of S$30,000 and monthly rest rate of 4.98% p.a. (Flat interest rate of 2.63% p.a.). These numbers are meant for illustration purposes only and are rounded up to the nearest dollar.