Renovation Loan


With a Maybank Renovation Loan, it's never been easier to turn your house into the home of your dreams. We offer you flexible financing options with competitive rates, hassle-free approval and sound financing advice from a dedicated team of loan specialists. This gives you peace of mind to focus on what matters most - renovating your dream home.

Key info

  • Loan amount of up to 6X your monthly income or S$30,000, whichever is lower
  • Flexible loan tenure of 1 to 5 years
  • Choice of Monthly Rest or Flat Rate package
  • Exclusive Renovation Loan package for Maybank Home Loan customers.

Call us now at 1800-MAYBANK (1800-629 2265) or visit our Branch to find out more.

 

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Benefits

  • Attractive interest rates from 2.88% p.a. (flat rate)^
  • Loan amount of up to 6X your monthly income
  • Loan repayment tenure of up to 5 years
^Effective interest rates (inclusive of 1% processing fee) range from 5.94% p.a. to
 10.21% p.a.

Eligibility

  • Singapore Citizens, Singapore Permanent Residents
  • Between 21 and 60 years of age (maximum 60 years of age on loan maturity date)
  • Minimum Income
    • Sole Applicant – S$30,000 p.a.
    • Joint Applicants – S$24,000 p.a. (for Main Applicant only). Joint Applicant must be a parent, child, sibling or spouse of Main Applicant.

Required documents

  • Photocopy of NRIC (front and back) of all applicants
  • Income Documents
      For salaried person
    • Latest computerised payslip, or
    • Latest Income Tax Notice of Assessment, or
    • Past 6 months' CPF Statement of Account
      For self-employed person
    • Last 2 years' Income Tax Notice of Assessment
  • Original Renovation Quotation or Invoice, signed by customer and contractor
  • Proof of ownership of property to be renovated
  • Proof of relationship between Main and Joint Applicants (required for
    joint-applications only)
  • For refinancing of existing renovation loans, please furnish Applicant(s)' NRIC, Income Documents, as well as
    • Existing bank's Original Letter of Offer/Approval Letter, and
    • Existing bank's latest Original Renovation Loan Statement of Account

Note: Incomplete forms or applications not accompanied by the required documents will cause a delay in processing. Maybank reserves the right to request for more documents.

Apply for your Renovation Loan through any of these simple and hassle-free steps!

Download and complete our Application Form (PDF) and send/fax it to us with the required documents to:

420 North Bridge Road
#02-36 North Bridge Shopping Centre
Singapore 188727
Fax: 63385664

or

Make an appointment with our loan specialists today.

Terms and Conditions

Read our Renovation Loan Terms & Conditions (PDF)

Read our general Terms & Conditions (PDF)