Renovation Loans

Now that you have the keys to your new house, what is the first thing that comes to mind? If you are like most people in Singapore, renovation is the next big project. Of course, the home purchase process has drained you financially, but there is still a burning desire to customize your house.

Whatever renovation idea you have in mind, you must be concerned about the cost. Luckily, the local financial market now has a way out for homeowners seeking to renovate their houses. Whether your place is new or you want to give an old house a face-lift, a renovation loan with HHL Credit, a reputable and licensed moneylender will go a long way. Your home upgrade loan funds important renovations to give the property your personal style.

A home revamp loan gives you a much-needed boost to personalize your home. You can transform an otherwise bland looking property into the most glamorous living space. With these loans, you have the freedom to undertake any renovations ranging from electrical, wiring and plumbing, new floor installation, roof remodeling, repainting, furniture purchases, bathroom and kitchen remodels among many others.

Another reason to go for a renovation loan is the fact that renovations done add value to your property. The best home revitalization will instantly make your home more comfortable and functional, which adds to the overall value. These loans are more affordable than personal loans and this is one reason to leverage them for renovations.

Features of Loan

Borrow Loan Amounts up to : Up to $50,000 for Renovation Loans
*(Subjected to Loan limits set out in the Moneylender's Act depending on each borrower's situation)

Minimum Annual Percentage Rate : 24% per annum (2% per month)
Maximum Annual Percentage Rate : Up to 47% per annum on reducing interest rate (3.92% per month)
Minimum Period for Repayment : From 1 months (31 Days Onward)
Maximum Period for Repayment : Up to 12 months
No guarantor required
No collateral needed

Calculate Your (ESTIMATED) Loan Rate



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Calculator Disclaimer

The repayment amount shown using this calculator is an estimate, based on information you have provided. It is provided for illustrative purposes only and actual repayment amounts may vary. To find out actual repayment amounts, contact us. This calculation does not constitute a quote, loan approval, agreement or advice by My Finance. It does not take into account your personal or financial circumstances.

In order to speed up the process and get your personal loan at the fastest time frame, we urge that you present these relevant documents to us:​

  • NRIC Identification Card
  • Any Proof of latest billing (To your New residential address and Old residential address)
  • Latest 3 months of your payslip / Latest CPF Statement / Income Tax Statement
  • Letter of Employment if any

Borrowers that are able to meet this requirement are eligible to take out a loan from us:​

  • 21 years of age and above
  • Singapore citizen, permanent resident or foreign worker with valid working permit
  • Presently employed*We reserve the right to ask for further documentation as and when needed on a case-by-case basis

​​Our loan tenure is ranged from minimum 1 month (31 days onward) to maximum of 12 months and The Annual Percentage Rate (APR) of our Personal Loan is minimum 24% to maximum of 47% per annum for 1 years tenure.”]