Home Renovation Loan: Easy Access to Renovate Your Home

Posted by Oscar Rosario on February 27th, 2017

Homeowners in Singapore find home renovation loans convenient whether for extensive repairs, remodelling, or adding an extension to their homes.

While credit cards are considered by many to be a more convenient means, financial experts beg to disagree. Using credit cards for home renovations forces one to max out the credit card, which never looks good on one’s credit rating. There’s also a possibility that given the standard repayment terms of credit cards, one may not be able to pay the bills on time, which again negatively affects one’s credit score. As a result, the use of credit cards for home renovations may actually prove to be more inconvenient than one expects.

According to financial experts, renovation loans in Singapore are considered to be the best source of funds for home renovation projects. There are banks in Singapore that offer attractive home renovation loan interest rates, a flexible repayment loan tenure of up to 5 years, and a maximum loanable amount of up to S,000 or 6 times one’s monthly income.

Given such conditions, it is now so much easier to give your home the renovation that it deserves. 

To apply for your very own home renovation loan, get in touch with Singapore’s leading bank today.