• Singapore Citizen or Singapore Permanent Resident
• 21 years old and not exceeding 60 years old upon loan maturity
• Single application : Minimum $30,000 annual income, must be an owner of the property to be renovated
• Joint application : Minimum $48,000 combined annual income (main applicant annual income at least $30,000)
• Joint applicant must be the parent, child, spouse, fiancé, fiancée or sibling of the main applicant
• At least one of the applicants must be the owner of the property to be renovated

Fees and charges applies.

• Please update your personal particulars on the Singpass platform before proceeding with your application.
• All applicant (s) are required to complete the application within 5 calendar days from the date the application was first saved by the main applicant, otherwise a new application will be required.
• Please save your application by clicking on the “Save” button located at the bottom of each page.
• It is recommended to use Google Chrome browser for the application.
• With Singpass and documents prepared in advance, the application form will takes approximately 10 minutes to complete.
• All correspondences will be sent to the main applicant’s email and mailing address
• Only monthly rest package is available for this application
• All applicant (s) with Singapore-registered mobile numbers will receive SMS and e-mail notifications relating to the application

• Processing Fee: 1.00% of loan amount.
• Cancellation Fee: 1.00% of undrawn or cancelled amount minimum $100
• Prepayment / Full Redemption Fee: 1.00% of amount prepaid or redeemed minimum S$100. A minimum notice period of 1 month or payment of interest in lieu is required.
• For Prepayment only: Each prepayment shall be made in multiples of $1,000, with the prepaid amount not more than 50% on the original approved loan amount and the outstanding loan does not fall below $5,000 after the prepayment.
• Cashier’s Order: Prevailing fees and charges as listed in the Pricing Guide are applicable in the event reissuance of CO due to loss/damage/expired.
• Late Charge: $60 per month if account is in arrear
• Default Interest : Renovation Loan Board Rate [RBR] + 3%p.a. (min S$20) on amount in arrears.