POSB Renovation Loan
3.88%
Interest Rate
S$ 200
Processing Fee
S$ 295
Monthly Repayment
S$ 10,000
Loan Amount
3 Years
Loan Tenure
The POSB Renovation Loan is known to offer competitive interest rates for 4 and to 5-year renovation loans and 1-3 year loans of less than S$10,000. They may, however, charge higher fees than other banks and their interest rates are less competitive in other factors.
ALL DETAILS
Key Features
- Enjoy interest rates from 3.88% p.a.!
- Guarantees hassle-free online application with the assistance of a digi-bot
- Repayment period of your choice from 1-5 years
- The loan amount ranges up to S$30,000 or six times your monthly income
- Low minimum income requirement: S$24,000
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% of approved loan amount |
| Partial Repayment Penalty | Not allowed |
| 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.
Customer Top Reviews
