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).

Home renovation

Home is the shelter to our beloved family. Home is the place that we spend the most of our time in our life. 1 year 365 days, 1 month 30 days, 1 week 7 days and every night, we stay in our own house for protection, comfort ability and warmness. Home is also the place that our children grow up, the playground for our children, and the place for our wife to manage our family.

House is the first consideration to own after marriage and having own family. In Singapore, buying a HDB flat for the first time entitle for government grant. After government grant subsidy, the HDB flat cost around 100k plus to 300k plus depending on HDB location and its size like 3 bedroom HDB flat, 4 bedroom HDB flat and 5 bedroom HDB flat. After the HDB BTO launch until certification of completion with house key normally takes around 3-4 years.

When the Singapore HDB flat house key collected, the house is empty, nothing but just like a covered rectangle space with bathroom and wall partition. House renovation is the first thing the house owner needs to consider. Without proper home renovation, it is not suitable to stay yet. Talking about house renovation, renovation costs come across the mind. So, what is the Singapore renovation costs for a HDB flat home renovation, at least for the basic type like wiring and lighting, kitchen renovation like kitchen table top and kitchen cabinet, wardrobe cabinet, and grill door if house owner wanted protection for family and assets in the house against the theft which might occur.

For the wiring and lighting, it is depend on house owner will on whether needed to add more power point, running wire to add more lighting lamp which is not equipped with wire, how far for the new power point or new lighting location, lighting lamp installation, and the type of lighting lamp house owner like to install. Cost of type of lighting lamp purchase can vary few 10 dollars to over thousand dollars.

Simple house designs and lighting lamp ideas

For the kitchen renovation like kitchen table top, traditionally it uses mosaic to build it. For modern design of kitchen renovation, more house owner choose solid surface material for kitchen table top. Solid surface kitchen table top looks provide the feel of contemporary, simple and elegant yet durable and solid. Mosaic tend to crack if the kitchen user especially housewife who are like to hit the frozen cooking material taken out from freezer to separate the cooking material when it were stick together. For kitchen cabinet, aluminium kitchen cabinet is gaining popularity among house owner. The benefits of aluminium kitchen cabinet is the material of aluminium and sliding glass door which are water resistant and looks contemporary.

Kitchen Renovation and Aluminium Wardrobe

Wardrobe cabinet is another main furniture stuff in house renovation list. Wardrobe is used at least twice a day. In one day, at least we open our wardrobe 2 times for cloth selection for work, for home use after back from house, and change sleeping cloth at night. Hence, it is important for wardrobe durability for its duty. Besides that, wardrobe cabinet might be also the place for house owner to keep important documents and some jewelry. A solid and durable wardrobe is a must and very important. Due to wardrobe is installed in bedroom and house owner live with it, see it and use it every day, the design and its looks should be considered too. Simple, elegant and durable should be top choice of selection. Remember that you pay it for only one time, but you are using it for the rest of the time. Aluminium wardrobe or aluminium sliding glass door wardrobe provides the functionality of adjustable storage space, durability and capability of mantle and dismantle. It means that house owner can dismantle the aluminium wardrobe or aluminium glass door wardrobe and move it to new house and reinstall it. Aluminium sliding glass door wardrobe is environment friendly and recyclability product.

Lastly, house renovation cost for a Singapore HDB flat is grill door. Grill door is installed for theft protection against assets loss and family safety. It is common that every Singapore HDB are installed with grill door. Grill door prices vary from its materials like steel, aluminium to iron, grill door’s design and décor, and the grill door size. The material causes the major different of grill door price.

Once every house renovation concern are in place and accounted, house owner need to start to search for reliable renovation contractor. Due to recent years’ property market boom, interior design companies are mushrooming. It is easy to locate a Singapore interior design company. Renovation contractor can come from interior design companies if you need house designs advice or direct to renovation contractor if you are not request for house interior design from the designer and having your own home decor ideas. It is important that the renovation contractor have proven record of home renovation before decide either to use them or not. Prices are important thing to consider but the renovation contractor credibility is even more important as it can cost you more problems and wasting of money and time if problem arise. House owner should know that nothing good thing come with cheap. 

house renovation contractor and home decor ideas

Buying a house is an important and joyful thing in our life especially it is the first property in our life. House is where we start our own family life, the place for our beloved family members to stay in safe and comfortable condition. The moment of collecting the new house key is exciting.

Followed by the joy and excited during the house key collection, home owner needed to think about is house renovation. A new house without renovation is just an empty space covered and not suitable to move in for stay yet. Home owner need to do at least basic renovation like wiring, lighting, kitchen table top and wardrobe if painting, cabinet, grilled door and may be plaster ceiling is not essential or urgent.

Picking a good renovation contractor for house renovation is very important for home owner. A reliable renovation contractor provides you the confidence of their professionalism and responsibility. It avoid the future dispute like renovation delay, defect of renovation project, scamp work and stint material. A proven track record renovation contractor should be first priority if compared with renovation cost. Word of mouth contractor and contractor with major project finished with prove are good selection.

New house renovation can categorize to 3 categories: simple renovation, standard renovation and major renovation. Simple renovation is basically renovating the basic essential thing like kitchen table top, wiring and lighting, and wardrobe. Standard renovation includes painting, cabinet, grilled door and plaster ceiling. Major renovation is a complex renovation which including kitchen extension, hacking the wall and changing of wall structure and house extension for landed property. Due to renovation cost, some young home buyer may look for bank for renovation loan. Renovation loan is quite popular in Singapore.

Interior design for new house comes with different theme for house owner to choose. The standard for interior design Singapore is also different than interior design Malaysia. This is due to Singapore property mostly are HDB flat but Malaysia property is landed property. The renovation cost may largely differ from the property size and the currency exchange. Based on their favorite theme, home owner can choose from vintage interior design, contemporary interior design, industrial interior design, electric interior design, modern interior design, Scandinavian interior design, and classic interior design. After the home renovation done, they need to buy the related furniture to match the interior design theme. Renovation cost can vary from few ten thousand to over hundred thousand depend on homeowner renovation and home decoration selection.

Most of Singapore house owner do have engage interior design company for their house before home renovation and home decoration. It cause interior design Singapore flourish. Interior design Malaysia is not so hot because in Malaysia, many house owner don’t choose interior design company to design their house, mostly based on their experiences and personal preferences to make renovation and home decoration. Home design ideas and home decor ideas can also come from the interior design books. Sometimes, house owner may just get the home design ideas and home decor ideas from the country of places of visit like Bali, Hawaii, Europe.

Welcome OWNER to CALL US for more information related to 
Renovation, Wiring, Plaster Ceiling, Painting, Aluminium Wardrobe and Aluminium Kitchen Cabinet 

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