Renovation Loan

Overview

Giving your home a makeover? Trust our attractive Renovation Loan to provide you with the financial capability and repayment flexibility you need to create the home of your dreams.

Benefits & Features

• Higher loan amount: Borrow up to 6 times your monthly income or $30,000, whichever is lower.
• More flexibility: Enjoy a repayment period of up to 5 years.
• Attractive interest rates: At 5.8% p.a.*, calculated on a monthly rest basis, our renovation loan offers you one of the most attractive rates in town. What's more, it offers you the flexibility to choose a repayment period of up to 5 years. When bundled with a DBS Home Loan, you pay as little as 4.8% p.a.* for your Renovation Loan on a monthly rest basis.

  Interest Rate	Effective Interest Rate
  	1 year	2 years	3 years	4 years	5 years
  4.8% p.a.	8.75%	8.96%	8.95%	8.89%	8.81%
  5.8% p.a.	10.54%	10.77%	10.73%	10.63%	10.51%

• Peace of mind: Insurance protection to pay your outstanding renovation loan in the event of death or total permanent disability.

  * Terms and conditions apply. For a limited time only. Rates subject to change from time to time.

Next Steps

• Calculate your monthly payments with the renovation loan calculator
• Read FAQ (Frequently Asked Questions)
• 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 or SMS "Home<space>Name<space>NRIC" to 76060
• Request a consultation
• Need additional money for your renovation: Top-up with Cashline