Renovation Loan

Stretch your imagination
not your budget

Why you'll love it

  • Affordable monthly instalments with interest rates as low as 2.63% p.a. (EIR 5.39% p.a.)
  • Flexible repayment period from 1 to 5 years
  • Loan disbursed 1 working day after approval
  • First 3 cashier orders are free
How to apply


  • Age between 21 and 59
  • Singaporeans and Singapore PRs
  • For single application, you need a minimum income of S$24,000 per year
  • For joint application, at least 1 applicant needs a minimum income of S$24,000 per year

Application Process

The above are subjected to terms and conditions.

Calculate your monthly repayments

1Enter your

Do you have a home loan with OCBC?

OCBC Home Loan customers are entitled to enjoy special interest rates.



Enter the following details to calculate the monthly payments of your renovation loan.


Loan amount (min. of S$5,000 and max. of S$30,000)

Repayment period (1 to 5 years)

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.

2Results based on
your input

Renovation loan amount
S$ Monthly repayments
S$ Total interest charged
S$ Total repayment S$

Important notice
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.

Effective interest rates and monthly repayments amount

Rates & Fees

2.63% p.a. (EIR 5.39% p.a.) for existing OCBC Home Loan customers and 2.86% p.a. (EIR 6.08% p.a.) for new customers
Processing fee
S$200 (deducted up-front upon disbursement)
Administrative fee
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
Cashier's orders
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

Bring your home ideas to life

Get interior design ideas and plan your renovation budget on OCBC OneAdvisor Home.

Find out more

How to apply?

Fill in the
application form


Visit any OCBC branch with these documents

Locate a branch

Get us to call you by providing us with your contact details

Have us contact you
Terms and Conditions
Renovation Loans