Home Renovation Loan
With a Maybank Home Renovation Loan, it has never been easier to turn your house into the home of your dreams.
We offer you flexible financing options with competitive renovation loan rates, hassle-free approval and sound financing advice from a dedicated team of renovation loan specialists in Singapore. This gives you peace of mind to focus on what matters most - renovating your home.
Maybank Home Renovation Loan Promotional Package
when you apply for a Maybank Home Renovation Loan now.
1This promotion is valid till 3 October 2019. Your application must be approved by 3 October 2019 and subject to credit evaluation. Else, other interest rates shall apply. Maybank may change these terms or suspend or terminate the promotion without giving any notice. The Renovation Loan Board Rate is currently at 8.50% per annum.
Maybank Online Home Renovation Loan S$100 Rewards Campaign
Apply for a Home Renovation Loan online to finance your renovation cost and receive S$100 Takashimaya voucher2 per successful application.
2 Campaign Period from 1 July to 31 October 2019 or whilst stock last, whichever is earlier. To be eligible to receive S$100 worth of Takashimaya voucher under the Campaign, applicant must, during the Campaign Period, successfully apply for a Home Renovation Loan via the online loan application platform on Maybank's website with a minimum loan quantum of S$15,000 and a minimum loan tenure of 3 years ("Loan"). For avoidance of doubt, the Loan must be applied for, approved, accepted and disbursed by 31 October 2019. Campaign is not valid in conjunction with other promotions/campaign.
Enjoy attractive interest rates from
Loan amount of up to 6X your monthly income or S$30,000, whichever is lower
Flexible loan repayment period
from 1 to 5 years.
3(Renovation Board Rate less 5.62% p.a.) Renovation Board Rate is currently at 8.50% p.a.. Terms and Conditions apply.
4(Renovation Board Rate less 4.17% p.a.), subject to credit evaluation. Else, other interest rates shall apply. Terms and Conditions apply.
Renovation Loan Calculator
Enter Loan Information:
IMPORTANT NOTICE AND DISCLAIMER
1. The computation and results above are for illustrative purposes only and do not constitute a loan offer. Loans are granted at the discretion of the Bank.
2. The Bank does not warrant or represent that the computation and results are complete or accurate. The Bank will not under any circumstances accept responsibility or liability for errors or omissions or for any losses arising from use of or reliance on the calculation.
3. Actual interest rates and calculations used may differ from those used for the figures computed above.
Illustration A – For existing home loan customer
Based on approved loan amount of S$10,000 and monthly rest interest rate of 2.88% p.a..Processing fee on approved loan amount will be net-off from the disbursed loan amount. Terms and Conditions apply.
Estimated Monthly Instalment (S$)
Illustration B – For new renovation loan customer
Based on approved loan amount of S$10,000 and monthly rest interest rate of 4.33% p.a..Applicable for minimum loan amount of minimum S$15,000, minimum 3-year loan tenure and subject to credit evaluation. Processing fee on approved loan amount will be net-off from the disbursed loan amount. Terms and Conditions apply.
Estimated Monthly Instalment (S$)
Applicant must be
- Singapore Citizen or Permanent Resident
- 21 to 55 years of age
- property owner or related family member (parent, spouse, child or sibling)
- Annual income of main applicant is S$30,000, joint applicants allowed
Ways to Apply