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Renovation Loan
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Whatever your preference, OCBC Home Solutions Package helps make your dream home a reality.  We have put together an attractive Renovation Loan packaged with a selection of preferential OCBC Credit Cards and OCBC EasiCredit privileges to offer you up to 10 times your monthly income to meet your needs!

Enjoy attractive renovation loan interest rates with easy repayment scheme options and complimentary group term life insurance coverage.  What is more, you get to enjoy exclusive membership benefits with your IKEA friends VISA Card and BEST-OCBC MasterCard and extra cash with OCBC EasiCredit for all your home-related needs!

Next Steps :   
 Benefits
Renovation Loan

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

Enjoy attractive interest rates up to five years repayment period, plus

Enjoy complimentary group term life insurance coverage1 up to your loan amount for the entire period of your loan.

IKEA friends VISA Card
  

Daily free drinks and discounted meals for 2

Earn bonus points and OCBC$ with every purchase

Exclusive 12-month 0% interest instalment plan

Interest rate at 12% p.a. (usual 24% p.a.)

Discount on "Benefits Price" items

2 years annual fee waiver & more!

BEST-OCBC MasterCard


Earn 2% rebate & OCBC$ on your purchases storewide, even on 0% interest instalment plan

Extra 2% rebate on accumulated purchases every year

Enjoy extended warranty of up to 5 years at member's price

Exclusive "Members Only" events, deals and free gifts

Free delivery for purchases

2 years annual fee waiver & more!

OCBC EasiCredit


Extra cash up to S$200,000 or up to 2 times of your monthly income, whichever is lower

Low minimum repayment of just 3% of your outstanding balance

The only line of credit that gives 8% cash rebate

Enjoy incredible savings with 0% Balance Transfer

 Eligibility

To enjoy the benefits of Home Solutions Package, a  minimum annual income of S$30,000 is required.  For applicants who are interested to apply for Renovation Loan only, the main applicant must earn at least S$24,000 per annum.

Applicants must be a Singapore Citizen or Permanent Resident.

Individuals aged between 21 to 55 years old

Joint applicant must be spouse, child, parent or sibling of the main applicant.

 How to Apply

Complete the Home Solutions Application Form attaching copies of the following documents:

  • Copy of Pink/Blue NRIC (front & back)
  • Your contractor's quotation signed by your contractor.
  • Your income documents:
    For salaried employees
    - Latest computerised/electronic payslip
    - Or last 6 months' CPF contribution history statement
    - Or latest Income Tax Notice of Assessment
    - Income Documents are not required if your salary is credited via GIRO to your own singly operated OCBC Account for at least the last 3 consecutive months.
    For commission-based earners
    - Latest 3 months' computerised/electronic payslips
    - Or last 2 years' Income Tax Notice of Assessment
    For self-employed
    - Last 2 years' Income Tax Notice of Assessment
  • For joint applications, please attach a copy of the following:
    - Marriage certificate (if applicants are spouses)
    - Or Birth certificate of both applicants (if applicants are siblings)
    - Or Birth certificate of child (if applicants are parent and child)

Please mail the completed form and documents to us at:

OVERSEA-CHINESE BANKING CORPORATION LIMITED
RENOVATION LOAN
ROBINSON ROAD P.O. BOX 1187
SINGAPORE 902337

Or visit us at your nearest OCBC Bank Branch.

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

 Do you have an existing Renovation Loan?
If you have an existing renovation loan2 with another bank, you can now refinance your renovation loan to us and enjoy interest savings with an interest rate as low as 6.25% p.a.3.

Complete the Refinancing Renovation Loan Application Form  attaching copies of the following documents:

  • Your NRIC (front & back);
  • Your existing bank's renovation loan Letter of Offer or Approval Letter; and
  • Your existing bank's latest copy of the renovation loan Statement of Account showing at least 6 months of repayment history.  For example, if you are applying in March 2007, your Statement of Account should reflect transactions from beginning August 2006 to end of January 2007.
  • Your income documents:
    For salaried employees
    - Latest computerised/electronic payslip
    - Or last 6 months' CPF contribution history statement
    - Or latest Income Tax Notice of Assessment
    - Income Documents are not required if your salary is credited via GIRO to your own singly operated OCBC Account for at least the 
       last 3 consecutive months.
    For commission-based earners
    - Latest 3 months' computerised/electronic payslips
    - Or last 2 years' Income Tax Notice of Assessment
    For self-employed
    - Last 2 years' Income Tax Notice of Assessment
  • For joint applications, please attach a copy of the following:
    - Marriage certificate (if applicants are spouses)
    - Or Birth certificate of both applicants (if applicants are siblings)
    - Or Birth certificate of child (if applicants are parent and child)


Please mail the completed form and documents to us at:

OVERSEA-CHINESE BANKING CORPORATION LIMITED
RENOVATION LOAN
ROBINSON ROAD P.O. BOX 1187
SINGAPORE 902337

1Insurance policies will be underwritten by Great Eastern Life, or such other insurance company as may be appointed by OCBC Bank from time to time.
  Insurance coverage is subject to insurability and underwriting conditions by the insurer.
2Your existing outstanding loan amount must be at least S$5,000 with a remaining loan repayment period of at least 2 years.
3 Interest rate ranges from 6.25% p.a. to 10.50% p.a. and subject to change at the Bank's sole discretion.

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