DBS Renovation Loan
Interest Rate
Processing Fee
Monthly Repayment
Loan Amount
Loan Tenure
With DBS Renovation Loan’s hassle-free online application, you can fund your dream space revamping with a loan amount up to 6x your monthly salary at a competitive interest rate as low as 3.88% p.a. (EIR 3.63% p.a.). Comfortably repay with a long-term repayment period of up to 5 years.
ALL DETAILS
Key Features
- Enjoy interest rates from 3.88% p.a.!
- Repayment period of your choice from 1-5 years
- The loan amount ranges up to S$30,000 or six times your monthly income (whichever is lower)
- Comes with comprehensive insurance coverage (1% of the approved loan amount)
- Renovation Loan is applicable for :
- Installation of Solar Panels
- Electrical and wiring works
- Built-in cabinets
- Painting and redecorating works (e.g. wallpaper)
- Structural alterations
- External works within the compound of the house
- Flooring and tiling
- Basic bathroom fittings
Eligibility
Citizenship Status | Singaporean / PR |
Age Requirement | 21 – 65 years old |
Employment Status | Salaried / Self-employed |
Minimum Annual Income | S$24,000 |
Other Fees and Charges
Processing Fee | 1% of the approved loan amount + 1% of insurance premium |
Cancellation Fee | 1% |
Full Repayment Penalty | 1% of outstanding loan amount |
Disclaimer: This information may differ from what you see when you visit other financial service websites or the product’s official site, but Loan Advisor continues to keep every detail updated and accurate. This site may be compensated through third-party advertisers. However, the results of our comparison tools which are not marked as sponsored will always be based on objective analysis.
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