Maybank Renovation Loan
Interest Rate
Processing Fee
Monthly Repayment
Loan Amount
Loan Tenure
Apply for Maybank’s Renovation Loan when you need financial assistance for your renovation project. It offers the cheapest 4 and 5-year renovation loans at a 4.20% interest rate. Plus, it offers lower interest rates to its existing home loan customers. Maybank Home Renovation loan is the best option with its competitive rates and hassle-free approval.
ALL DETAILS
Key Features
- Cheapest 4 and 5-year home renovation loans with 4.20% interest rate
- Minimum loan amount of $5,000 up to 6x your monthly income or $30,000, whichever is lower.
- Loan tenure up to 5 years
- Low processing fee of 0.75%
Eligibility
| Citizenship Status | Singaporean / PR |
| Age Requirement | 21 – 55 years old |
| Employment Status | Salaried / Self-employed |
| Minimum Annual Income | S$30,000 |
Other Fees and Charges
| Processing Fee | 1% of the approved loan amount |
| Late Payment Fee | S$80 |
| Cancellation Fee | 1% |
| Prepayment Fee | 1% on prepaid amount |
| Issuance of Cashier’s Order | S$5 each (1st free) |
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