Apply for Renovation Loan Singapore (2020 Update)

Are you a new homeowner in Singapore? Most likely, you are overexcited about your new investment but did you know you can go a step further and make your property even more valuable? It is true that buying a new house has taken a big bite off your savings, but with a renovation loan from a reputable institution you can still customize your living space.

Apply now and get your loan approved in less than an hour.

Singapore Renovation Loan by Credit Thirty3

Why a Home Improvement Loan?

Reno loans are very popular with homeowners. Whether you have just bought your own place or you want to give your old home a new lease of life, a Reno loan comes in handy. Some of the reasons that make renovations loans so popular include:

Flexibility: You can use your loan for a wide variety of projects including home repainting, room additions, new floor installation, buying new furniture among other uses.

Affordability: Reno loans are cheaper compared to personal loans and credit cards, which is a great win for homeowners struggling with other home maintenance costs.

More Lender Options: There are more lenders in the Singapore market part from the traditional banks and credit unions. They offer more competitive rates and faster approval.

Adding Value To Your Investment: A renovation loan has a high return on investment (ROI) because renovation done adds to the overall value of your home.

There are many other benefits of renovation loans including helping maximize space in your house, add an aesthetic touch to the property, and make your home more comfortable among others.

Singapore Home Improvement Loan by Credit Thirty3

Buying the Right Renovation Loan

With the high demand for renovation loans, it can get tricky when you have to find the best. Here are some factors to consider:

Evaluate Your Needs

Use a certified contractor to get an estimate of all costs in order to get the financing needed. Before making any renovations, look at the value they are adding to the property and your life.

Confirm The Requirements

Check all requirements from different lenders and start getting required documentation, such as proof of house ownership, proof of income, CPF contributions, NRIC copies and certified quotation from a recognized contractor.

Compare Lenders

Only go for a licensed and registered lender. Go online and compare these institutions based on customer reviews, rates, track record, complaints and customer service level.

Check The Loan Details

Only go for a licensed and registered lender. Go online and compare these institutions based on customer reviews, rates, track record, complaints and customer service level.

Buying a renovation loan requires intense research in order to find the best rates from a reputable lender. Contact us for a free renovation loan quote and learn more about available options.