Home Renovation Loan Singapore

Secure Your Home Reno Loan

Through Singapore’s Leading Money Lender

or

Speed up your application with MyInfo

Have your personal details filled in automatically.

This also helps us to approve your loan more quickly!

Let’s look at examples of how you can put your home renovation loan to good use:

Kitchen renovation: Revamp your kitchen with sleek countertops and smart storage. Replace old appliances with modern, energy-efficient models. Upgrade to modern, functional sinks and faucets. A stylish renovation enhances daily life and efficiency.
Toilet renovation: Transform your bathroom into a personal oasis with a modern renovation. Enjoy sleek fixtures and smart technology like rain showers or automatic toilets. A well-planned update boosts home value and adds everyday luxury.
Home wiring works: Update old or inadequate wiring to ensure your home’s electrical system can handle modern appliances and technology safely.
Painting and wallpaper: Refresh your space with a painting and wallpaper renovation. Modern colors and patterns can completely transform a room, adding style and personality. Whether you prefer a bold accent wall, elegant wallpaper, or a fresh coat of paint, these updates breathe new life into your home. A well-executed renovation enhances ambiance and reflects your personal taste.
External works within the compound of your home, such as for the roof or balcony, ensure your roof is in good condition, protect it from weather-related damage, and improve its energy efficiency.

Here are a few things you need to know to get a home renovation loan in Singapore

Decide How Much You Need: Know your project's total cost since the loan is a fixed lump sum. Ask your interior designers or renovation contractors for quotations to get an overview of your total renovation costs beforehand. Planning ahead helps you get the right amount to cover your renovation.
Apply with MyInfo: Fill out an online application at your convenience with our Singpass MyInfo form. Get approved quickly, with funds available on the same day. Fast and easy application means you can get started your renovation soon. Alternatively, you can also walk into our store to do in-person filling of the application form.
Arrange an Appointment: If you’re eligible for a loan, we will invite you down to our store for loan application and disbursement. In Singapore, face-to face verification is needed for licensed moneylenders to disburse a loan to you. Please arrange a suitable timing to visit us for loan assessment. Kindly prepare 30 to 45 minutes for the loan application process.
Prepare Your Documents: Our customer service staff will brief you on the documents to prepare after setting an appointment for you. Please make sure to prepare and bring all the required documents before heading down to our store. Some of the documents you might be required to bring along are listed in the Documents We’ll Need section below.

Why Take a Home Renovation Loan With Us?

We’re Ready to Support Your Financial Needs

Documents We’ll Need

Singaporeans/PR

Singaporeans or PRs need to present the following:

Foreigners

Foreigners need to present the following:

3 Easy Steps to Applying for a Loan

Consult with us at our office, present required documents and sign the loan contract

Get your cash on the spot with trusted & licensed money lender Singapore!

Apply

Free Consultation and Signing of Agreement

Consult with us at our office, present required documents and sign the loan contract

Receive Cash

Get your cash on the spot!

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FAQ About Home Renovation Loan

How long will it take for my home renovation loan to be approved?

You can obtain your home renovation loan funds at Quick Loan in just 30 minutes.

Unlike most banks, our quick loans all involve a convenient application process. You can apply online, through WhatsApp or walk into our office at your convenience.

All your personal information will be kept confidential, and a dedicated loan officer will be assigned to guide you through your loan process.

We’ll evaluate your application and invite you to a consultation at our office, where you’ll present the required documents. If your loan application is successful, you can sign your contract and get your funds on the spot.

With such a speedy approval time period, you can get started on renovating your house right away!

What interest rates can I expect on a home renovation loan?

We provide flexible loan amounts and terms to suit your specific needs, whether you require a smaller loan for minor upgrades or a larger amount for extensive renovations. To get a personalized rate quote and explore the best options for your renovation project, please feel free to call or Whatsapp us.

Our friendly staff will work with you to find the most suitable rate and loan terms, ensuring your home renovation remains affordable and within your budget.

Is a guarantor required for a home renovation loan?

No, a guarantor is not required for your home renovation loan.

Our goal is to simplify the loan process, allowing you to secure the necessary funds quickly and without the need for additional guarantors.

By eliminating the need for a guarantor, we also respect your privacy and independence, as you won’t need to involve friends or family members in your financial arrangements.

How much money can I get through a home renovation loan in Singapore?

If you intend to apply for a home renovation loan, it’s essential to budget your renovation plans according to the loan amount you might be eligible for.

Your house renovation loan limit will depend on a few factors. Firstly, we’ll take into account your current income and credit situation. This is to determine whether you can commit to the monthly repayments on your home renovation loan.

As a licensed moneylender in Singapore, we are able to lend you up to six times the value of your monthly salary. For example, a monthly income of SGD4,000 can potentially grant you up to SGD24,000 in funds to finance your renovations.

If you plan to invest in property instead, you can consider applying for our investment loan service.

What criteria must I meet to qualify for a home renovation loan in Singapore?

To take out a home renovation loan with a licensed moneylender in Singapore, you must fulfil the lender’s requirements.

At Quick Loan, your eligibility depends on several factors. You must be at least 18 years of age and earn a minimum monthy income of SGD1,800.

If you’re a Singaporean or PR, you must present your NRIC, SingPass, proof of residency, bank token and payslips.

Foreign applicants should supply us with a valid work permit, Employment Pass or S Pass. We’ll also require your passport, payslips, bank token, proof of residency, employment contract and staff card.

The same loan criteria allows you to apply for other big-ticket item loans we offer, such as a medical bills loan and an education loan.

Can I take a home renovation loan on top of my existing home loan?

Yes you can! Your home renovation loan won’t affect your current home loan with a bank.

Many licensed moneylenders in Singapore offer home renovation loans to fund improvement projects for your property. This may be more favourable than refinancing or mortgaging your property to acquire the necessary funds.

At Quick Loan, we provide home renovation loans with competitive interest rates and flexible repayment options.

You can use a renovation loan to fund various home improvement projects. These include painting and redecorating, structural alterations, wiring and installing built-in furniture. Other home improvement projects may include buying new furniture, kitchen renovation, adding new marble flooring and revamping your roof or balcony area.

How can I access more funds for my home renovation?

A home renovation loan from a licensed moneylender in Singapore can give you the required funds to complete your home improvement projects.

Quick Loan offers a maximum loan amount of up to six times your monthly income, with no guarantor required. You can access your home renovation loan funds in just 30 minutes.

We recommend that you carefully plan your renovation to ensure that you can commit to the repayments in addition to your other financial obligations, including any existing home loans.

Only sign your contract once you fully understand and are happy with the interest rates and terms.

Talk to our team to learn more about how to make the best of your home renovation loan.