Home Renovation Loan

With a Maybank Home 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 a peace of mind to focus on what matters most - renovating your home.

Benefits

  • Attractive interest rates from 2.88% p.a. (flat rate)^
  • Choice of monthly rest or flat rate package
  • Loan amount of up to 6X your monthly income or S$30,000, whichever is lower
  • Flexible loan tenure of up to 5 years
  • Exclusive Renovation Loan package for Maybank Home Loan customers.
^Effective interest rates (inclusive of 1% processing fee) range from 5.94% p.a. to 10.21% p.a.

Eligibility

  • Singapore Citizen or Singapore Permanent Resident
  • Minimum 21 years of age; maximum 60 years of age upon loan maturity
  • Minimum Income
    • Sole applicant - S$30,000 p,a
    • Joint applicant - S$24,000 p,a, (for main applicant). Joint applicant must be a parent , child, sibling or spouse of Main Applicant.

Documents required

  • NRIC (front and back) of all applicant(s)
  • Income documents of all applicant(s)
    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/commision-based earner
    • Last 2 years' Income Tax Notice of Assessment
  • Original Renovation Quotation or Invoice, signed by customer and contractor
  • Proof of relationship between main and joint applicants (required for joint application only)
  • Proof of ownership of property to be renovated
  • For refinancing of existing renovation loan, please furnish the following:
    • Applicant(s)' NRIC
    • Income documents
    • Existing bank's Original Letter of Offer/Approval Letter, and
    • Existing bank's latest Original Renovation Loan Statement of Account

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

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

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Terms and Conditions

Renovation Loan Terms & Conditions (PDF)

General Terms & Conditions (PDF)

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Application form for Renovation Loan (PDF)

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Related Products

Renovation Loan Terms & Conditions (PDF)

General Terms & Conditions (PDF)