Renovation loan Singapore, Singapore renovation loan

With a Renovation Loan Singapore, it’s never been easier to turn your house into the home/office of your dreams. We offer you flexible financing options with competitive rates, hassle-free approval and sound financing advice from a dedicated team of loan specialists. This gives you a peace of mind to focus on what matters most – renovating your home/office.

Members will find the interest rates on TCC’s Renovation Loans very competitive.
Renovation Loan applications should include an accurate quotation from the Members’
Contractor. Renovation loan disbursements are made payable to the contractor. If need
be, Members can request loan disbursement by progress payments to the contractor.

Rates of Interest
4.00 % flat rate
*Inspection of premises must be conducted before renovation work is commenced.


  • Singaporean or PR
  • Age : 21 – 60 yrs old


  • Attractive interest rates from 2.88% p.a. (flat rate)^
  • Choice of monthly rest or flat rate package
  • Loan amount of up to 6X your monthly income or S$30,000, whichever is lower
  • Flexible loan tenure of up to 5 years
  • Exclusive Renovation Loan package for loan customers.
  1. Singapore Citizen or Singapore Permanent Resident
  2. Minimum 21 years of age; maximum 60 years of age upon loan maturity
  3. Minimum income
  • Sole Applicant – $30,000 p,a
  • Joint Applicant – $24,000 p,a (for main applicant). Joint applicant must be a parent, child, siblings or spouse of Main Applicant.
Documents Required
  • NRIC (front and back) of all applicant(s)
  • Income documents of all applicant(s)
    For salaried person

    • Latest computerised payslip, or
    • Latest Income Tax Notice of Assessment, or
    • Past 6 months’ CPF Statement of Account

    For self-employed person/commision-based earner

    • Last 2 years’ Income Tax Notice of Assessment
  • Original Renovation Quotation or Invoice, signed by customer and contractor
  • Proof of relationship between main and joint applicants (required for joint application only)
  • Proof of ownership of property to be renovated
  • For refinancing of existing renovation loan, please furnish the following:
    • Applicant(s)’ NRIC
    • Income documents
    • Existing bank’s Original Letter of Offer/Approval Letter, and
    • Existing bank’s latest Original Renovation Loan Statement of Account

Note: Incomplete applications which are not accompanied by the required documents will cause a delay in processing. We reserves the right to request for more documents when necessary.

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