Home Renovation Loan Eligibility & Rates | Maybank Singapore



Maybank Home Renovation Loan

Promotion   |    Benefits   |   Monthly Repayment      |    Eligibility     |   To Apply
Useful Links   |   TERMS AND CONDITIONS

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.

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PROMOTION

 

Maybank Home Renovation Loan Promotional Package

Enjoy

  • Attractive interest rates from 4.33% p.a. (Renovation Loan Board Rate less 4.17% p.a.)1
  • 50% discount off Processing Fee1

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.

Plus
Apply online and be rewarded with S$100 voucher.

   
 

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.
Terms and Conditions apply.

 

APPLY ONLINE NOW

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BENEFITS

Home Renovation Loan

Enjoy attractive interest rates from
2.88% p.a.3 for existing Home Loan customers
4.33% p.a.4 for new customers

 Home Renovation Loan
Loan amount of up to 6X your monthly income or S$30,000, whichever is lower
     
Home Renovation Loan
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.

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Home Renovation Loan

Monthly Repayment

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.

Tenure (Years)
Estimated Monthly Instalment (S$)
1
846
2
429
3
290
4
221
5
179


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.

Tenure (Years)
Estimated Monthly Instalment (S$)
3
297
4
227
5
186

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Home Renovation Loan

Eligibility

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

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Ways to Apply

Home Renovation LoanHome Renovation LoanHome Renovation Loan

Online Application


APPLY NOW

SMS: 
Reno <Name> <Contact No.>  to 79898

Enquiry Form


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