renovation loan

Need home renovation for your dream home but doesn't have enough money after survey the renovation cost? Looking for renovation loan to fulfill your home decor ideas implementation to your Singapore HDB house? Don't worry, you have alternative way to get the renovation cost money for your home renovation in Singapore. You can apply for DBS renovation loan. Below list the the details of eligibility and how to apply for the DBS renovation loan for your HDB home renovation.

Renovation Loan

One of the lowest renovation loan rates in Singapore, at just 2.31% p.a. if your mortgage is already with us.

Here’s what you enjoy with DBS Renovation Loan

• Greater savings from interest rates as low as 2.31% p.a.*
• Flexible repayment period between 1 – 5 years
• Loan amount of up to S$30,000
• Protection from unforeseen events with comprehensive life and total permanent disability insurance plan.

How to Apply

Request a consultation

Contact me

Download an application form and send it to us with the required documents to:

DBS Bank Ltd.
Bedok Central Post Office
Locked Bag Service No. 1
Singapore 914686

Call us at 6333 0033 (Mon to Fri 9am to 5pm / Sat 9am to 12.30pm)

SMS "Reno<space>Name" to 76060

Frequently Asked Questions

Am I eligible for a DBS Renovation Loan?

To be eligible, you must be:

• A Singapore Citizen or Permanent Resident between 21 and 65 years of age as of date of application
• An owner of the property to be renovated
• Earn more than S$24,000 per annum

You may apply with your spouse, child, parent or sibling for a loan amount not exceeding S$30,000 in a single application. The joint applicant needs to earn at least S$12,000 per annum . You only need to submit the same documents required for the main applicant.

Applications by non-owner(s) who are either a spouse, child, parent or sibling of the property owner may be reviewed with consent from the property owner.


What can I use the Renovation Loan for?

You can use it for carrying out numerous works on your residential property, including:

• Electrical and wiring works
• Built-in cabinets
• Painting and redecorating works (e.g. wallpaper)
• Structural alterations
• External works within compound of the house
• Flooring and tiling
• Basic bathroom fittings

However, the Renovation Loan cannot be used to pay for furnishings or for any other purpose besides renovation. For ready cash to help with your home furnishings, find out more about Cashline.


What are the documents required for the Renovation Loan application?

• Completed and signed Renovation Loan Application form
• Photocopy of all the applicants NRIC (front and back)
• Income documents

For salaried employees

• Latest computerised pay slip or
• Latest 12 months CPF contribution history statement or
• Last 2 years Notice of Assessment

 For self-employed/commissioned earners/variable income earner

• Last 2 years Notice of Assessment

• Original invoice or quotation from the contractor duly signed by contractor and applicant
• Proof of ownership of property to be renovated by way of any one of the following documents:

HDB Flats                      Private Properties
i. HDB Sale & Purchase Agreement  i. Sale & Purchase Agreement
ii. HDB Sales Order                ii. Property Tax Bill
iii. Property Tax Bill
iv. HDB Financial Plan
v. HDB Renovation Permit
vi. HDB Collection Advice



Welcome OWNER to CALL US for home renovation related to
Aluminium Wardrobe (built in wardrobe / sliding door wardrobe), Aluminium Kitchen Cabinet, Renovation, Wiring, Plaster Ceiling, and Painting

@    Alex Mah +65 8428 4379 (Singapore area) 
 OR  Kelvin Mah 012 - 7644 123 (Johor area).