Personal Loan

Get Real-Time Interest Rate Quotes for Renovation Loans In Singapore

Access a network of multiple banks and institutional lenders to compare renovation financing options through one digital marketplace. Identify the most competitive rates and terms for your property.
Check Renovation Loan Eligibility
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Our Network of Multiple Banks & Lenders

Why Use Lendingpot For Your Renovation Loans

We Search Everywhere For You
We connect you with a mix of traditional banks and digital lenders to find a bank renovation loan in Singapore that fits your specific financial situation.
Get The Full Amount You Need
We help you find the extra cash to cover the remaining balance on your bill. This way, you don't have to compromise on your design just to fit the bank's limit.
See All Your Options In One Place
Whether you are looking for a standard bank offer or an in-house renovation loan in Singapore, we help you compare them side by side so you can pick the best option.
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See your monthly savings in seconds.
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Items to Prepare For Your Application

Check Renovation Loan Eligibility
Proof of Identity
NRIC for Singaporeans/PRs or Passport and Employment Pass for Foreigners
Notice of Assessment
Personal NOA for the most recent tax year.
Three Months’ Pay Stubs
Latest 3 months’ payslips from your current employer
Original Contractor Quotation
Signed by you and your contractor
Proof of Ownership of Property
A copy of your property title deed or HDB ownership documents
Proof of the Principal Applicant’s and Joint Applicant’s Relationship
For Joint Applications
12 Months’ CPF Contribution Statements
Downloadable from the CPF Board website or mobile app

What Is the Difference Between A Renovation Loan And A Personal Loan?

Take note of these points when considering a renovation loan instead of a personal loan.
Items
Renovation Loan
Personal Loan
Loan Amount
Min. S$15,000
Max. S$30,000
Min. S$1,000
Max. multiple of monthly salary
Coverage
Can only be used for renovation-related works that are permanent in nature
No restrictions placed on the usage
Interest Rates
Quoted in annual rest rate
Quoted in flat rate (has higher interest rate)
Loan Tenure
Min. 1 year
Max. 5 years
Min. 1 year
Max. 7 years
Fees and Charges
Processing/Admin Fee: Up to 1.25%
Processing/Admin Fee: 1.5% to 4+%

Requirements For Renovation Loans

Check Renovation Loan Eligibility
To obtain a renovation loan in Singapore, you are expected to satisfy the following requirements:
You must be Singapore Citizens or Permanent Residents aged 21 to 65
You have to either be the property owner or a family member (parent, spouse, child, or sibling) who has the owner’s consent
You must be employed and have a minimum income of S$24,000 per annum

How to Apply for A Renovation Loan In Singapore?

Sign Up & Apply
Start by completing our online application form.
Lendingpot loan calculator
List and Get Offers
We’ll then send your application to lending partners who return with personalised offers for you within just minutes!
Sending a loan request on Lendingpot
Compare and Select
You can freely compare interest rates across all your personal loan offers before selecting the best fit for you.
Get Funded
After you’ve selected and accepted an offer, book an appointment to sign the agreement before receiving money on the same day!
Receiving loan funds
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S$23.2M+
Loans Funded Annually
24,000
Applications Annually
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Google Reviews
70%
Approval Rate in under 60 mins
Fully-Automated
Process with WhatsApp Business API

Hear from our happy customers

Hear what Singaporeans are saying about Lendingpot.
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Take Control of Your Renovation Budget

We have created a simple and risk-free way for you to build your dream home without the usual bank headaches or stressful paperwork.
Foreign professional working in Singapore

Check Your Eligibility Status

See which local banks and financial institutions are ready to fund your interior design project based on your current profile.
Talk to our team ›
Person reviewing their finances and credit

Run the Numbers Side-by-Side

Line up real interest rates and loan terms horizontally to easily spot the cheapest option for your renovation scale.
Talk to our team ›
Family handling an urgent expense

Calculate the Exact Monthly Impact

View how the monthly installments fit into your household expenses before you make any official commitments.
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Homeowner locking in a fixed-rate renovation loan offer

Secure a Fixed Rate Offer

Lock in competitive, real-time rates that match your specific contractor timeline and home handover date.
Talk to our team ›
Family managing expenses comfortably at home
5-star rating
1000+ Google 5-star reviews

Don’t Settle For A Basic Renovation

View your borrowing options and manage your renovation expenses with a calculated plan. Use our marketplace to find a renovation loan in Singapore that aligns with your property goals and repayment capacity.
Check Renovation Loan Eligibility
Still have doubts? Let us help you

Frequently Asked Questions About Renovation Loans In Singapore

Have a different question? View all FAQs here
What can I use my renovation loan to pay for?
How fast can I get the money?
What is the difference between a bank loan and an in-house loan?
Can I get a renovation loan for bad credit in Singapore?
What if I need more than the S$30,000 bank limit?

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