Renovation Loan - Loans

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Renovation Loan

The OCBC Home Solutions Package helps you realise your dream home. We have put together an attractive Renovation Loan package with a selection of preferential Credit Cards and EasiCredit privileges that offer up to 10 times your monthly income!

Next Steps : Apply Now

Benefits

Up to S$30,000 or 6 times your monthly income, whichever is lower.

Attractive Interest Rate - Save more wtih our highly competitive rate.

Easy Repayment Scheme - Choose from 1 to 5 years to repay your Renovation Loan. The competitive interest rate is based on monthly-rest, which means that each monthly repayment reduces your loan amount and interest charges, so you enjoy better savings.

Complimentary group term life insurance coverage¹ - Receive coverage for your full loan outstanding during the entire period of your loan.

Additional funds for furnishings - Receive additional funds of up to 4 times your monthly income with OCBC EasiCredit, IKEA friends VISA Card and BEST-OCBC Platinum MasterCard².

Eligibility

Applicants must be Singapore Citizens or Permanent Residents between 21 and 55 years of age as of date of application. You can apply with your spouse, child, parent or sibling. Please submit documents as per Main Applicant.

To get a loan for your renovation:
For Single Applicant - earning at least $36,000 per annum
For Joint Applicant - total annual income of at least $36,000 between main and joint applicants, the main applicant must earn at least $24,000 per annum
For commission-based earner or self employed, the applicant must be in current business for 2 years

How To Apply

Click here for an application form, attach the required documents with completed form and mail to us at OCBC Bank, Home Solutions Package, Robinson Road P.O. Box 1187, Singapore 902337.

Or visit us at your nearest OCBC Bank Branch.

Or call our Customer Service Executives at 1800 438 6088 for more information.

Refinancing Renovation Loan

Do you an existing Renovation Loan?

If you have an existing renovatin loan³ with another bank, you can now refinance your renovation loan with us.

Eligibility For Refinancing Renovation Loan

All account holders of the existing renovation loan to be refinanced must be applicants in this loan application. Applicants must be Singapore Citizens or Permanent Residents between 21 an 55 years of age as of date of application. Joint applicant's relationship to main applicant may either be a spouse, parent, child or sibling. For joint applicants, please submit documents as per the Main Applicant.

To get a loan for your renovation:

For Single Applicant - earning at least $36,000 per annum

For Joint Applicant - total annual income of at least $36,000 between main and joint applicants, the main applicant must earn at least $24,000 per annum.

For commission-based earner or self employed, the applicant must be in current business for 2 years.

How To Apply

Click here for a Refinancing Renovation Loan Application Form, attach the required documents with completed form and mail to us at OCBC Bank, Home Solutions Package, Robinson Road P.O. Box 1187, Singapore 902337.

¹Insurance coverage is subject to insurability and underwriting conditions as may be imposed by Great Eastern Life Assurance Co Ltd, or such other insurer as may be appointed by OCBC Bank from time to time.

²The biennial fee for IKEA friends VISA is S$50 and BEST-OCBC Platinum MasterCard is S$50 p.a.. The effective interest rate is 24.96% p.a. for both cards except for purchases made with the IKEA friends VISA Card at IKEA Alexandra and IKEA Tampines, where the effective interest rate is 12% p.a. Interest is subject to compounding if the monthly interest charges are not paid in full.

³Your existing outstanding loan amount must be at least S$5,000 with a remaining loan repayment period of at least 2 years.