Renovation Loan

Making your home into a dream home has never been easier with our Renovation Loan. Let us make your dream into reality and relief you from your financial stress and make your dream possible.

Loan Quantum Up to $30,000
Rates of Interest 6.00% flat rate per annum (EIR 10.90% per annum)
Repayment Term Up to maximum of 5 Years
Processing Fees 2.5% flat
Eligibility (Applicant / Surety(ies))
  • Singapore Citizen or Permanent Resident
  • Age for Applicant: between 21 to 65 years
  • Age for Surety(ies): between 21 to 60 years
Document Required Applicant Surety
Photocopy of NRIC (Front & Back) Yes Yes
Proof of ownership ( Sale & Purchase Agreement)or HDB Property Statement / Property Tax Statement Yes  
Renovation Quotation Yes  
Renovation Permit Yes  
Latest Computerised Payslip Yes Yes
Letter of Employment (if <3 Months Employment) Yes Yes
Last 6 months CPF contribution history Yes Yes
Latest IRAS Notice of Assessment (NOA) Yes Yes
CBS - Enhanced Consumer Credit Report Yes Yes

 

*Numbers of sureties to be provided are subject to loan quantum and credit evaluation.

  • All loans granted are within the discretion of SSBEC Co-op

Loan Calculator

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