Forum
Last updated: 

I want to apply for a renovation loan.

There are circumstances that you did not expect to happen to you. For example, your property is damaged from the fire. This is a big situation that can cause you a big expense if you did not save for emergency money. Even though you do not have enough money you can fix the damage of your property by getting a renovation law.

User comments

  • user image

    No Name

    You can apply for a renovation loan. The loan amount that you can get is between SG$10,000 up to SG$30,000. The interest rate that can range from 3 to 6 percent depends on the loan provider. You should pay the loan for about one to five years. It is also an advantage to applying for a renovation loan for your property than to apply for a personal loan because it has lower rates than the latter.

    2020.03.24 15:44
  • user image

    Alliance

    We are offering Loans/Investment funding for profitable project at a flexible rate, ranging from individuals, companies and traders globally.. My firm has recorded a lot of breakthroughs in provision of first class financial services to our clients especially in the area of Loan syndication and capital provision to individual and companies. Serious borrowers should reply to our email: alliancecredit@aol.com

    2021.08.16 23:37

Please leave your knowledge and opinion!

Related Forums

Can I get a house loan if I recently got discharged from bankruptcy?

Can I still apply for a loan after declaring bankcruptcy?

Is it safe to borrow money with 30% interest rate?

Will I still pay to the loan shark if ever I die?

Tomorrow is my marriage with my lovely girlfriend. But today my company, house and my all property have been seized through government due to a lot of loans. So now what will happen next with me?

My car has been repossessed.

Related Reviews

MoneySmart exclusive rate of 3.5% (7.27% p.a.) for new loan customers with only 1% processing fee

The OCBC ExtraCash Loan is a true personal loan as it allows you to borrow up to 6X your monthly salary. However, I must warn that the interest rate is kinda high. If you don’t require that much money, I recommend that you consider the OCBC Cash-on-Instalments loan which is slightly cheaper. However currently with OCBC personal loan, you can get a MoneySmart exclusive rate of 3.5% (7.27% p.a.) for new loan customers with only 1% processing fee. For existing loan customers, you pay an interest of 4.7% p.a. (EIR 9.46% p.a.).

OCBC ExtraCash Loan / Oversea-Chinese Banking Corporation

Sign up for CreditAble in order to cash your credit line using the Maybank CreditAble Term Loan

Maybank does not exactly offer a proper personal loan in itself but its term loan is linked to its personal credit line product. You just need to sign up for CreditAble in order to cash your credit line using the Maybank CreditAble Term Loan but note the terms & conditions and annual fee however. In my personal opinion, the loan amount is small while the interest is high, so it may be best to avoid this one.

Maybank Personal Loan / Maybank Singapore

DBS personal loans are based on either your credit card or personal line of credit

DBS personal loans are based on either your credit card or personal line of credit. Thus if you have DBS credit card or DBS Cashline and a DBS deposit account, you can apply through internet banking and get your loan processed immediately and credited instantly into your account. However if you don’t have a DBS credit card you can still get this loan, but you will have to furnish your income documents and obviously you won’t get the funds right away

DBS Personal Loan / DBS Bank

A great contender for the 7-year personal loans provider

This card is a great contender for the 7-year personal loans lead yet is the relative newcomer on the block. This does not stop them from being very aggressive in Singapore these past few years. Although Bank of China $martLoan’s interest rates are on the high side, Bank of China is generally more lenient than most other banks in Singapore and have a lower minimum annual income.

Bank of China $martLoan / Bank of China

Quick Cash has the lowest published interest rates on the market and no processing fees

Citi Personal Loans / Citibank Singapore

You can actually apply for a credit card and personal loan at the same time

To apply for a UOB Personal Loan, you’ll need either a UOB CashPlus account or UOB credit card as UOB draws from your credit card limit. If you’re new to UOB, you can apply for a credit card and personal loan at the same time but note that terms & conditions like the fee schedule of the credit card will also apply to your UOB Personal Loan. UOB bank is one of the few banks that provide instant approval for personal loans for submissions between 7am to 8pm by new UOB customers.

UOB Personal Loan / United Overseas Bank