Home Renovation Loan Eligibility & Rates | Maybank Singapore



Maybank Home Renovation Loan

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.

Top


BENEFITS

Home Renovation Loan

Enjoy attractive interest rates from
2.88% p.a.1 for existing Home Loan customers
4.33% p.a.2 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.
   

1(Renovation Board Rate less 5.62% p.a.) Renovation Board Rate is currently at 8.50% p.a.. Terms and Conditions apply.

2(Renovation Board Rate less 4.17% p.a.), for minimum loan amount of S$15,000, minimum 3-year loan tenure, subject to credit evaluation. Else, other interest rates shall apply. Terms and Conditions apply.

Top

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

Top

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

Top


Ways to Apply

Home Renovation LoanHome Renovation LoanHome Renovation Loan

Online Application


APPLY NOW

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

Enquiry Form


CONTACT ME