Home Renovation Loan | Maybank Singapore



Maybank Home Renovation Loan

Promotion   |    Benefits   |   Calculator   |   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

Home reno loan promotional package 

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 Fee at 0.50% of approved loan amount for loan tenure 2 to 5 years only1

when you apply for a Maybank Home Renovation Loan now.

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

   
House renovation loan S$100 rewards 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 shopping voucher2 per successful application.


APPLY ONLINE NOW

1 This promotion is valid till 31 December 2019. Your application must be approved by 31 December 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.

2 Campaign Period from 1 November to 31 December 2019 or whilst stock last, whichever is earlier. To be eligible to receive S$100 worth of shopping 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 December 2019. Campaign is not valid in conjunction with other promotions/campaign. Terms and Conditions apply.

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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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Renovation Loan Calculator

Enter Loan Information:

Loan Amount (maximum S$30,000)
Loan Tenure
 
Existing Maybank Home Loan?
Yes    No
 
Results:
Maximum Renovation Loan:  
Your monthly payment will be:  
Your total payment will be:  
Your total interest payments will be:  

 

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.

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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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