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Standard Chartered CashOne Personal Loan

Time LimitedFeatured
Time Limited:
Get $100 cash upon approval & stand a chance to win $1,000
New Feature: Get instant approval & cash disbursed into your account immediately

Features

Stand a chance to win $1,000 by sharing us what you would do with $1,000 and why HERE. Terms and Conditions apply.
SingSaver exclusive: Get $100 upon approval. This promotion is valid from 3 May 2019 - 31 May 2019. Terms and Conditions apply.
Promotion: Get $199 Cashback to offset first year annual fee!
Guaranteed flat interest rates as low as 3.88% p.a. (EIR: 7.63% p.a.)
Get a loan of up to 4x your monthly salary, capped at S$250,000.
Min Income for salaried Singaporeans/PRs: S$30,000 p.a. Min Income for Foreigners: S$60,000 p.a.
Annual fees from second year till expiry of loan: S$50 (Fee waived if all payment is received by due date for the past 12 months).

The information displayed above is for reference only. The actual rates offered to you will be based on your credit score and is subject to the provider’s approval.

DBS Renovation Loan

Features

Minimum loan amount: $10,000
Maximum loan amount: $30,000 or 6x of monthly income (whichever is lower)
Processing Fee: 1% of Approved Loan Amount + 1% Insurance
Cancellation Fee: 1% on the undrawn loan amount cancelled (maximum $200)
Full Repayment Fee: 1% on the outstanding loan amount
Partial Prepayment Fee is not Allowed

The information displayed above is for reference only. The actual rates offered to you will be based on your credit score and is subject to the provider’s approval.

CIMB Renovation Loan

Features

Minimum loan amount: $ 10,000
Maximum loan amount: $ 30,000 or Six Times of Monthly Income (Whichever is lower)
Complimentary insurance coverage of up to S$80,000 on your home & home contents with HomeBLISS by Sompo Insurance.
Issuance of Cashier’s Order: S$10 each [waived for the first three (3) cashier’s orders issued]
1% of Approved Loan Amount (Deducted upon loan disbursement)
Cancellation Fee: 1% of the loan amount cancelled
Prepayment Fee: 1% of amount prepaid
Late Payment Fee: S$80
Cashier’s Order Cancellation / Amendment Fee: S$20 each

The information displayed above is for reference only. The actual rates offered to you will be based on your credit score and is subject to the provider’s approval.

HSBC's Personal Loan

SingSaver's Exclusive Offer
SingSaver's Exclusive Offer:
Enjoy low rate from 3.7% p.a. (EIR 7% p.a.) for all income level of $30,000 and above

Features

SingSaver Exclusive: Enjoy rate from as low as 3.7% p.a (EIR 7% p.a) for all annual income segment of $30,000 and above.
Get 1-min in-principle approval
Longest loan tenor of up to 7 years.
Loan amount of up to 4x your monthly income with an annual income from S$30k to S$120k and up to 8x with an annual income of S$120 or more, or up to S$200,000.
Cash the next day upon submission of complete documents.
Fixed monthly repayments
Early repayment fee: 2.5% of the redemption amount
Overdue interest: 2.5% + prevailing interest on overdue amount
Late payment fee: S$75 for each monthly repayment that is not received in full by the monthly repayment due date

The information displayed above is for reference only. The actual rates offered to you will be based on your credit score and is subject to the provider’s approval.

Citibank Quick Cash - New Customers

SingSaver's Exclusive Offer
SingSaver's Exclusive Offer:
$100 worth of grocery vouchers

Features

Get a loan from as low as 3.99% p.a. (EIR 7.5% p.a.) for new Citibank customers with min. loan amount of $20,000.
SingSaver Exclusive: Get $100 NTUC vouchers upon approval. Promotion is valid from 8 November 2018 - 31 May 2019. Terms and Conditions apply.
Please note that you will be required to open a Citibank Ready Credit account before you can apply for a Citibank Quick Cash.
No processing fees.
Flexible repayment period of up to 60 months.

The information displayed above is for reference only. The actual rates offered to you will be based on your credit score and is subject to the provider’s approval.

Citibank Quick Cash - Existing Customers

Features

Min Income for Singaporeans/PRs: S$30,000 p.a. Min Income for foreigners: S$42,000 p.a.
No service fees
Flexible repayment period of up to 60 months
Lowest Flat Rate: 5.39% p.a.

The information displayed above is for reference only. The actual rates offered to you will be based on your credit score and is subject to the provider’s approval.

OCBC Renovation Loan

Features

Minimum loan amount: $ 10,000
Maximum loan amount: $ 30,000 or Six Times of Monthly Income (Whichever is lower)
Only bank to accept third party applicants (where applicant is not the home owner)
Processing Fee: 1% of Approved Loan Amount +$200

The information displayed above is for reference only. The actual rates offered to you will be based on your credit score and is subject to the provider’s approval.

Credit Culture Personal Loan

Popular

Features

Available for all Singaporeans/PRs across all income segments
Get instant approval + instant cash disbursement
Personalised interest rates starting from 0.8% per month, and up to 1% per month
No early settlement fee or hidden charges
Late payment fee of $60
Processing fee of 1% - 3% of approved loan amount

The information displayed above is for reference only. The actual rates offered to you will be based on your credit score and is subject to the provider’s approval.
SingSaver compares the best Personal Loans in Singapore that range from 1-year to 7-year tenures. The effective interest rate (EIR) you can enjoy from the loans on our site range from 7.0% p.a. to 18.72% p.a. The EIR of your loan will depend on the annual interest rate (or bank advertised nominal interest rate) and the tenure of your loan. For example: a loan of S$10,000 over 3 years at 3.88% p.a. nominal interest would equate to monthly repayments of S$310.11, and the total cost of the loan that you pay back would be S$11,164. This is not inclusive of any administrative or processing fees that may apply.

Need some help?

No worries, we've got you covered!

What is renovation loan?

A renovation loan is one of the needs-based personal instalment loan you can take up with the financial institution of your choice. As they are special-purpose loans meant to help you finance your home renovations, the interest on renovation loans tend to be lower than personal loans. However, renovation loans come with restrictions on the type of renovations that can be paid with the loan. This is because of the lower interest rate you enjoy, and the fact that the money will be disbursed to the contracting party directly.

Loan repayment tenures usually range between 1 to 5 years.

Can I pay renovation loans with CPF?

No, unless your renovation costs was incurred under the Optional Component Scheme (OCS).

New BTO flat owners have the option to enhance their flats with OCS, so they a flat close to move-in condition when they collect their keys. With this feature, you may be eligible to pay for the components with your CPF savings, depending on your loan repayment arrangement.

Which renovation loan is the best?

This depends on the type and number of renovations you need to get done. The loan often comes with various processing, handling, or administrative fees on top of the loan amount. If your renovations involve multiple contractors, some banks may charge extra fees as your loan needs to be disbursed in stages or to multiple vendors.

Compare the type of loans in the market with these factors in mind. Sometimes, banks also extend better rates to renovation loan applicants if they are already existing home loan customers.

How much renovation loan can i get?

The maximum amount you can borrow for a renovation loan is 6 times your annual salary, or $30,000, depending on which is higher.

Confused by terms used in Personal Loan?

Glossary terms to know for first-time personal loan applicants