GET THE BEST WITH A RENOVATION LOAN Don’t have enough saved for your home renovation? Apply for a renovation loan and stretch your budget to achieve your dream home. After all, you deserve the best! Home Renovation Loan 101 A home renovation loan is a personal loan strictly for the renovation of your home such as: Wiring Painting Flooring Carpentry Hacking Monthly loan repayment between 1 – 5 years Maximum loan amount is $30,000 or 6x your monthly salary, whichever is lower How it works? Let’s assume you bought a 3-room HDB flat You only have $20,000 in savings If your monthly salary is $5,000 You could qualify for a renovation loan of up to $30,0000 This means that your renovation budget is stretched from $20,000 to $50,0000! Enjoy fast, simple & secure renovation loan approval with OCBC Enjoy complimentary 12-months RenoProtect insurance underwritten by Great Eastern General Insurance Limited We got your dream home covered with RenoProtect insurance for up to $20,000 on your renovation i.e. fixtures, fittings and household content when you sign up for an OCBC Renovation Loan online for a minimum loan of $15,000. *Valid from 1 July 2020 to 30 September 2020. Applicable for the first 300 customers only, on a first-come, first-served basis. Terms and conditions apply.
Benefits:
• Attractive interest rate of 4.18% p.a. (monthly rest rate)
• Low 1.50% admin fee
• First three cashier’s orders are free
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