
SmartLoans can help you realize your dream home by helping you secure your renovation loan. We have tie ups with most banks in Singapore to help you get the best rates in the market.
Singaporeans or Singaporean PR, 21 to 55 years of age with a minimum annual income of $24k can apply for a Renovation loan.
Loan amount ranges from 5 to 10 times your monthly income. Successful candidates can loan a minimum of $10,000 up to $30,000 maximum.
Banks usually revise their renovation loan rates from time to time. Send us an enquiry and we’ll help connect you to the banks with the lowest rate at that time. Our service is free as we are compensated by the banks directly!
Waiting period will take up to 6 months before you can re- apply for renovation loan.
Yes. You can apply with a joint applicant to meet the minimum income criteria. However, joint applicants have to be legal owners of the property or must be related as spouse, parent, sibling or child. A proof of relationship is required for the renovation loan.
Smartloans.sg is completely free for you. As we refer a high volume of clients to our partner banks, we’re able to get you the best loan rates across all banks in Singapore. SmartLoans.sg gets paid by the banks directly. So it’s a win-win! You get the best rates and don’t have to pay us a cent!
Once renovation loan gets approved, the banks will usually charge a processing fee of 1.0% of the loan amount have to be paid to the bank upfront upon signing the Letter of Offer in acceptance of the approved loan amount.