Renovation Loan

Singapore Reno Programme

Here are some benefits you get to enjoy:
– No lock-in period
– No early settlement penalty
– Cash will be disbursed to you (not to the vendors), giving you greater freedom and flexibility
– Up to 30 months loan tenure
– Fast approval within 24 hours

Our easy-to-apply renovation loans are more affordable as compared to personal loans and credit cards, which is a great win for homeowners working on a tight budget!

To make things easier, we have simplified our renovation loan process and are able to disburse cash on the same day! Along with fast reno loan applications, what you see is what you get.

We promise no hidden fees. Receive your rates now!

Apply Now


Advantages of a renovation loan

Competent. Professional. Trustworthy.

Straightforward Application

We don’t take you through complicated and unnecessary loan application processes. All you have to do is fill a simple online form that takes only 5 minutes, tops.

Worry Not About Bad Credit Score

Do not shy away from letting us know of your financial situation. To us, your bad credit score does not prevent you from getting loans. Let us work out a suitable repayment plan together.

What You See Is What You Get

There is no penalty for early full repayment and no minimum lock-in period. The Singapore Reno Programme comes with no hidden fees. Expect low interest loans at favorable terms and flexible payment terms from us.

Great Flexibility

Credit Thirty3 will disburse the cash straight to you (not to the vendor), providing our valued customers with greater flexibility and freedom. Be it for furniture, hacking of walls, repainting, you decide how to use the cash!


4 simple steps to
get your money.


1. Apply

Submit your loan application online.

2. Advice

Understand the specifics of your loan.

3. Approval

Get your loan approved in minutes.

4. Agreement

Sign-off and receive money on the spot.


Words from our valued customers

See the real stories yourself.


Frequently asked questions

Notes to Borrowers When Obtaining Loans from Licensed Moneylenders

What should I consider before taking up a loan?

Before applying for a loan:

1. The type of loan you are borrowing

Before entering any loan contract, make sure you understand the type of loan you are applying for. There are two types of loans – secured and unsecured loans.

  • Unsecured loans have more lenient requirements and are easier to obtain. They do not require collateral.
  • Secured loans have stricter requirements. They require collateral.

2. Interest rates

Regardless of the licensed moneylender or bank that you choose to work with, ensure that you are getting the best interest rates as it will affect your financial health.

Make sure to get the best loan package with low monthly repayment amounts.

Hidden fees to take note of:

  • Service fees
  • Underwriting fees
  • Origination fees

Legal and fair lenders such as Credit Thirty3 will always make known of all the charges. We strive to explain as clearly as possible to our customers and there will not be any unnecessary charges.

3. Loan tenures

A loan tenure refers to the amount of time you have to repay a loan. It exists for any type of loan and can range from 3 months to even 30 years.

The duration of your loan tenure will have a direct impact on the cost of your loan. Longer loan tenures will increase the overall cost of your loan. On the other hand, shorter loan tenures will make the loan more affordable.

Please make sure to choose a loan tenure that you can comfortably repay.

If you have any doubts regarding your loan, feel free to contact our friendly professionals at Credit Thirty3. We are here to address your needs.

4. Your current financial situation

This is one of the most important points to consider.

Before getting a loan, take a look at your current financial responsibilities. For example, your electricity bills, mobile bills, car loans, credit card bills and more.

Knowing your current financial standing will help you make better financial situations, especially on the loan amount that you apply for.

5. Loan contract language

Rest assured if you are not well-versed in English.

Based on Singapore’s law, the licensed moneylender has to explain the loan contract in a language that the borrower understands.

If you need a contract in another language such as Mandarin/Tamil/Malay, feel free to let our loan advisors know.

6. Don’t be afraid to ask

You are encouraged to clarify any doubts that you might have before signing the loan contract. These may include the loan tenure, loan interest rates or processing fees.

7. Late fees

Understand that late fees will be charged when borrowers fail to make repayments on time.

How much can I borrow?

You can borrow any amount for secured loans.

For unsecured loans, the loan amount depends on your annual income.

For Singapore Citizens and Permanent Residents (PRs):

  • An annual income < $20,000 allows them to borrow up to $3,000.
  • An annual income of $20,000 and above allows them to borrow 6x of their monthly income.

For Foreigners:

  • An annual income < $10,000 allows them to borrow $500.
  • An annual income of at least $10,000 but less than $20,000 allows them to borrow up to $3,000.
  • An annual income of $20,000 and above allows them to borrow 6x of their monthly income.
How do I know whether a moneylender is licensed or not?

The first step is to check the financial institution’s name against this list of licensed moneylenders by the Ministry of Law.

A licensed moneylender’s name will appear on the list.

Other signs of an illegal moneylender / loan scams:

  • Text messages / WhatsApp messages / calls to promote their loans.
  • Claim to be able to approve a loan remotely, without asking you to meet them at their place of business.
  • Ask for payment before approving your loan.
What documents do I need to prepare for a loan application?

For Singaporeans / PRs:

  • NRIC / Passport (Proof of your identity)
  • CPF / Bank statements (Proof of your income)

For Foreigners:

  • Work Permit / S Pass / E Pass
  • Utility bills / Phone bills / Home rental agreement (Proof of your residence)
  • Payslips
Why should I apply for a loan with Credit Thirty3?

Credit Thirty3 exists for the sole purpose of providing you with the best loan products and the best loan terms. With us, you do not have to worry about your finances anymore.

As reviewed by our customers, we are competent, professional and trustworthy.

  • A high 4.8 star Google reviews by our valued customers
  • Straightforward applications that takes only 5 minutes, tops.
  • Low interest rates.
  • Worry not about bad credit score.
  • Fast loan approvals for your immediate needs.

Credit Thirty3 is one of the fastest licensed moneylenders in Singapore. With our streamlined loan application process, you can get your cash within hours.

How long does it take for my loan to be disbursed?

5 minutes is all it takes to fill up our online loan application form. Our friendly loan officers will then get back within a few hours to follow with you.

I have a bad credit score. Can I still apply for a loan with you?

Yes, you can still apply for a loan with Credit Thirty3.

Banks often turn away customers who have bad credit scores, making it difficult for them during financial emergencies.

Credit Thirty3 is here to provide an alternative to these borrowers.

We are able to evaluate each case individually and we will try our best to offer the most suitable loan package for the borrower. Licensed moneylenders like us tend to be more understanding and will offer a listening ear to our borrowers.

Rest assured that we do not have specific restrictions with regards to credit scores.

Easily apply for a loan with us here.

How is the loan application process like?

There are simply 4 steps in our loan application.

Step 1: Apply online

Step 2: Wait for our loan officers to contact you

Step 3: Get your loan approval

Step 4: Sign the contract and get your money on the spot.

What happens next after my loan is approved? Do I get the money immediately?

Upon the approval of your loan application, we will be able to transfer you the money or pass you the agreed principal amount in cash immediately.

However, please take note that there will be a small administration fee which is administered by all licensed moneylenders.

Subsequently, the only thing to take note would be to make punctual repayments.

Renovation loans Vs. Personal loans: Let's compare

There are two main types of loans that can be used for home renovations: personal loans and renovation loans.

Of course, you can use your savings, but that’s not always a smart choice. You need your emergency funds and savings intact in case something unpredictable happens.

Imagine losing your job or facing a medical emergency that leaves you unable to work.Banks in Singapore might not approve your loan, fearing you might not repay them. Alternatively, you may obtain a smaller amount with higher interest. Thus, it’s better to hold onto those savings.

Personal Loans

A personal loan is a type of unsecured loan that you can use for all sorts of purposes – including renovating your home.

The advantages are:

– You can obtain a larger amount, up to $250,000 or 4-10 times your monthly income at banks in Singapore. If you don’t qualify for a bank loan, licensed moneylenders in Singapore can disburse loans up to six times your monthly earnings.

– You can use the personal loan for anything you want. You’re not limited to specific changes inside your home; you can also purchase decorations, furniture – and even a bottle of wine when you finally finish with your changes.

– You have an installment plan. This plan keeps you accountable so that you can become debt-free fast. It’s much better than using a credit card, whose payments are easy to overlook until you’re swimming in debt.

– You can use it for emergencies. Some renovations require quick action – for example, your pipes bursting. Emergency personal loans are fast and versatile; you can use them to repair your pipes and replace ruined furniture.

Renovation Loans

A renovation loan is crafted explicitly for home renovations.

Advantages include:

– Lower interest rates and thus, more affordable installments

– Larger loan amount up to $50,000 and more

– Convenient tenures up to five years

– More approval chances compared to personal loans, even if you have a low credit score

On the downside, you can’t use a renovation loan for anything you want. Even home improvements related to renovations are excluded from a renovation loan’s scope.

What can you use a renovation loan for in Singapore?

There are simply 4 steps in our loan application.

Renovation loans are less versatile than personal loans, although their interest and approval rates are better. So, you have to be prepared for these constraints:

#1 You can only obtain $30,000

That sum is constraining compared to the $250,000 you can access with a personal loan. Here are some renovations you can do in Singapore with this amount in one room:

– Extensive hacking: $3,300

– Extensive masonry: $21,500

– Light carpentry: $2,900

– Moderate ceiling and partition: $700

– The sums above add up to $28,400.

Thus, you will need more than one renovation loan to cover the work done in other rooms. Alternatively, you can:

– Use the renovation loan to pay for the things you need to do immediately, and:

– Take up other renovation loans for not-so-necessary remodelling, or:

– Consider a personal loan along with your initial renovation loan.

Pro tip: Renovation loans are cheaper than personal loans. For example, a renovation loan’s EIR can be 5% p.a. Conversely, personal loans’ interests can get up to 4%/month.

#2 You can only renovate your home

There are several conditions to get a renovation loan in Singapore. One of them is:

– You have to own the property you’re trying to remodel, or:

– You must be the homeowner’s family member and have express consent for these renovations.

Thus, you can’ use a renovation loan to improve a rented apartment.

#3 Some remodelling work isn’t included in your renovation loan

The renovation loan you take gets transferred into your contractor’s account. They can use this money for:

– Hacking: hacking, rebuilding, or plastering walls

– Masonry: flooring, tiling, and wet works

– Carpentry: personalised solutions for built-in wardrobes, cabinets, or storage features

– Ceiling & Partition

– Plumbing Works

– Electrical Works

– Painting

– Cleaning & Polishing

In Singapore, you are likely to apply for a renovation loan to:

– Fix floors

– Repaint dirty or cracked walls

– Add a baby room or an office into your apartment

– Transition to an open-plan apartment

– Repair broken pipes or leakage

– Fix your electrical system

– Add cabinets

– Build a fence or a patio

Get your
money now!

Get started now!

With plans that fit every need and budget and a 4.8 star positive review from our satisfied customers, we strive to offer you the best loan package, ASAP.


Have any questions?