Home Renovation Loan
- Low monthly interest rates from 1% to 4% only
- Flexible repayment terms
- Unsecured loan – No collateral/pledging of assets needed

What's Stopping You From Getting Started On Your Home Renovation?
Turning your dream home into reality is now made easy and hassle-free with 1 Fullerton Credit’s home renovation loan. With an attractive monthly interest rate from 1% to 4% only, it’s time to give your home the makeover it deserves.
Simply submit your application online or hop on a call with our experienced loan officers. We approve renovation loans in as fast as 30 minutes. After verification and if you agree to all the loan terms, you can get your funds within the same day after signing the loan contract.
Why Get a Renovation Loan With Us?
Flexible Repayment Terms
Guaranteed Quick Approvals
Low Interest Rate
Loan Application Process
Apply For a Loan in 3 Easy Steps





Call or Apply Online
Skip the lines and apply online on our official website or talk to our loan officer at 6588 1886.

Attend In-Person Consultation
Our loan officer will schedule an appointment for you further to discuss the terms and conditions of your loan plan.

Get Your Money
Receive your money in cash as soon as the agreement has been signed.

Call or Apply Online
Skip the lines and apply online on our official website or talk to our loan officer at 6588 1886.


Attend In-Person Consultation
Our loan officer will schedule an appointment for you further to discuss the terms and conditions of your loan plan.


Get Your Money
Receive your money in cash as soon as the agreement has been signed.
Eligibility
At Least 21+
Years Old
Minimum Salary Of
SGD2,000 For Local & PR
Minimum Salary Of
SGD3,000 For Foreigner
No Loan With
Other Moneylenders
Contractor’s Quotation Or Invoice Signed By Customer And Contractor
Home Owner Must Be Involved In The Loan
Documents Requirements

Local and Permanent Residents
- Identity card
- Proof of residence (utility bill, a letter addressed to you, and or tenancy agreement)
- Proof of employment (certificate of employment if your job is less than 3 months)
- Recent 3 months payslip
- SingPass (log into CPF, HDB, IRAS website)

Foreigners
- Passport
- Work Permit / S-Pass / Employment Pass
- Proof of residence (utility bill or tenancy agreement)
- Proof of employment (certificate of employment if your job is less than 3 months)
- Recent 3 months payslip
- Proof of income (bank or account statement)
- SingPass (log into IRAS website)
TESTIMONIALS
What Our Customers Say About Our Services
Recent Reviews On
Renovation Loan FAQ
What Is a Renovation Loan and How Does It Work?
A home renovation loan is a short-term, unsecured loan designed to finance house remodeling projects. In this respect, it is not much different from personal loans. However, a personal loan can be used for any expenses that will help your personal circumstances.
Renovation loans, on the other hand, can only be used specifically for renovation activities. That said, it comes with certain restrictions on the types of enhancements the funds can be used for, such as home repairs and improvements, but not including furniture purchases.
Home renovation loans are also different from home loans. The latter is used to fund the purchase of your property. You can apply with a bank or the Housing Development Board (HDB).
What Are the Uses of a Renovation Loan?
The funding issued can only be used to cover renovation costs, including:
- Electrical and wiring works
- Flooring and tiling
- Basic bathroom fittings
- Painting and redecorating works
- Carpentry works, such as installing built-in cabinets
- Structural modifications
- Installation of Solar Panels
Note that you can’t use a renovation loan for any other items other than renovation.
How Much Does a Home Renovation Typically Cost in Singapore?
The total house renovation cost will depend on a lot of factors, such as the size and extent of the renovation project. Plus, it will also depend on the kind of materials used as well as the labor costs. As such, home renovations can range from S$20,000 to S$70,000.
For example, renovating a 4-room resale HDB flat can set you back at approximately S$45,000. This cost includes the raw materials and labor required for the project.
If you are on a tight budget, consider the raw materials you’re going to use for your house renovation. Look for more affordable alternatives. Aside from raw material costs, you can also consider completing remodeling projects in stages. Start with the parts of your home that really need an upgrade.
Should I Take a Renovation Loan in Singapore?
If the home renovation project is relatively small, you may have enough savings to cover the costs. However, there are instances wherein taking a renovation loan becomes necessary. For example, you may have bought a resale flat that needed major fixing up and you need to move in soon, but you don’t have enough cash for renovation.
The best renovation loans can cover renovation costs so you can start fixing your home quickly.
1 Fullerton Credit’s home renovation loan can help you make your dream home a reality. Here are some benefits of taking out a renovation loan with us:
- We guarantee fast loan approvals
- Home renovation loans are unsecured loans, so no collateral is necessary
- Transparent loan plans and flexible repayment options
- Easy application process and fast cash disbursement
How Long Will It Take To Get My Renovation Loan Approved?
Applying for 1 Fullerton Credit’s renovation loan is easy and straightforward as long as you have your complete set of documents and information. The application will be processed in less than an hour.
After applying online or calling from the comfort of your home, our loan officer will schedule an in-person appointment to discuss the terms of your loan plan. You will receive the loan proceeds on the same day as soon as the loan contract has been signed.
What Is the Maximum Amount I Can Borrow?
The maximum approved loan amount you can borrow will depend on several factors, such as your citizenship and annual income. Since renovation loans are unsecured loans, you can borrow up to 6x your monthly income if you are earning at least S$20,000.
How much renovation loan can I borrow if my annual income is less than S$20,000? Take a look at the table below:
Borrower’s annual income | Singapore Citizens and Permanent Residents | Foreigners residing in Singapore |
Less than $10,000 | $3,000 | $500 |
At least $10,000 and less than $20,000 | $3,000 | |
At least $20,000 | 6 times monthly income | 6 times monthly income |