Make Your Vision Come True with Our Home Renovation Loan
Ready to turn your dream home into a reality? A home renovation loan in Singapore lets you finance your home upgrades without tapping into your savings. From minor touch-ups to major overhauls, anything is possible with a reno loan. Create the perfect space today.
Reno loan approvals in as quick as 15 minutes
Tailor-made to suit your renovation needs
Quick and easy reno loan application process
Friendly, experienced, and dedicated loan consultants
Zero hidden charges
Ready to transform your home? Start creating the space you’ve always dreamed of with our home renovation loan!
What Are Home Renovation Loans in Singapore?
- A home renovation loan in Singapore is a type of loan that helps cover the costs of improving or upgrading your home.
- The loan tenure period is as long as 12 months, and interest rates never exceed the capped 4% monthly rate.
- It’s an alternative to your savings and bank loans, giving the funds you need in a lump sum for any renovation need.
Why Should You Consider a Renovation Loan in Singapore?
Ease of Convenience
Enjoy the ease of online applications through a simple form or Singpass. Alternatively, apply for our reno loan in-person at our office.
Minimal Eligibility Criteria
From more lenient credit checks to no annual income requirement — it’s much easier to secure a home renovation loan in Singapore with a money lender.
Speed Up The Reno Project
By securing a lump sum upfront, you get to pay for your renovation quickly and efficiently, without having to dig deep into your savings. Your new home is on its way to you in no time.
Affordable Rates
We offer home renovation loans in Singapore that are extra affordable, with interest rates from as low as 0% up to 3.92% monthly.
Flexible Loan Sum
A licensed money lender lets you borrow up to six times your monthly income for your home revamp. The higher your income, the more you’ll be able to borrow.
Multi-purpose Use
Whether you’re improving your home’s aesthetics, doing essential fixes to plumbing or electrical systems, or overhauling certain areas to raise its value — a renovation loan in Singapore gives you the funds to bring your dream home to life.
Benefits of a Home Renovation Loan with Dio Credit
All Are Welcome to Apply
Whether you’re a Singaporean, PR, or foreigner, you can apply as long as you’re 18 or older and have proof of steady income.
24/7 Loan Applications
Applying for a renovation loan in Singapore with Dio Credit is as simple as planning your dream home. Our loan applications are available round-the-clock so you can apply online whenever you wish to.
Customisable Repayment Solutions
We listen to your financial needs and address your concerns to ensure our renovation loan package suits you best — from its tenure to sum.
Fully Legal and Trustable
We provide 100% legal loan services as a fully licensed money lender registered under MinLaw’s list of official lenders.
Credit Rating Doesn’t Matter
We don’t judge even if you have poor credit. In fact, we welcome you with open arms — we’re here to help you through your loan journey, not hinder you from getting the financial help you need.
Dedicated and Experienced
We’ve been serving borrowers since 2013 and provide the highest standards of service to build trust and deliver quality advice and reliable loan solutions.
Eligibility & Requirements for a Renovation Loan
Gain access to our fuss-free home renovation loans in Singapore. By ensuring you meet the loan criteria below and bring the relevant documentation — you can expect to receive your funds in a day.
For Salaried Employees
Citizenship: Singaporean & Permanent Residents
Age: 18 and above
Employment Status: Full-time or Part-time
Documents needed:
- NRIC/FIN/Passport
- Official company payslip – latest 3 months
- Official CPF Statement containing a record of contribution – latest 3 months
For Commission-based Employees
Citizenship: Singaporean & Permanent Residents
Age: 18 and above
Employment Status: Full-time or Self-employed
Minimum requirements:
- Agents part of the insurance or real estate industry are eligible
- Working in a legalised firm
For Self-Employed Individuals
Required Documentation:
- Identity card
- Latest 3 months’ income slips, bank statements, or commission statements
- Income tax assessment for recent 2 years
For Foreigners
Age: 18 and above
Required Documents:
- Employment proof: A valid Work Permit, E-Pass, or S-Pass
- Passport
- Residential address proof (e.g. tenancy agreement or utility bills)
- Latest 3 months’ payslips
Apply for Your Reno Loan in 3 Effortless Steps
1. Apply for Your Loan
Apply for a reno loan online or get in touch at 6250 1000 to set an appointment date.
2. Visit Our Office to Finalise Contract
Have a face-to-face meeting with our loan consultant and sign the loan contract at our Ang Mo Kio office.
3. Retrieve Funds Instantly
Once we’ve approved your reno loan, receive funds in an instant — via cash, PayNow, or bank transfer.
Home Renovation Loans in Singapore
— Frequently Asked Questions
Is home renovation loan a secured or unsecured loan?
Dio Credit’s home renovation loan is an unsecured personal loan, meaning you don’t need to provide any collateral.
What can home renovation loans in Singapore be used for?
At Dio Credit, we offer unsecured renovation loans to help you create your dream home. Whether for minor upgrades or major renovations for your resale HDB, these loans can cover a range of home projects. Here’s how you can use them:
Painting and Flooring
Renovation loans can be used to repaint your home or update the floors, giving your space a fresh, new look.
Electrical and Plumbing Work
Need to replace the pipes under your kitchen sink or add extra lighting or power points around the house? A reno loan can cover the cost of rewiring or fixing plumbing issues, ensuring everything runs safely and smoothly.
Bathroom Upgrades
You can use our renovation loan to upgrade your bathroom with a new shower, replace tiles, or upgrade fixtures to create a more comfortable and usable space altogether.
Carpentry Works
Our renovation loans can be used to install new kitchen cabinets, built-in wardrobes for your bedroom, or other storage solutions to improve your home’s functionality.
Structural Changes
For bigger projects, such as tearing down walls, adding partitions, or installing that dream bathtub, renovation loans provide the flexibility in funding to get things done.
What is the average home renovation cost in Singapore today?
On average, home renovations in Singapore cost between $34,000 for basic updates and over $100,000 for larger projects that involve structural changes. However, costs will vary depending on the size of your home and the scope of work.
Can I apply for a home renovation loan in Singapore with Dio Credit at any time?
You can apply for a renovation loan at any time. Simply apply with us through Singpass or fill out the contact form on our website; a loan officer will get in touch to set up an appointment. Alternatively, you can also apply in person at our office during business hours.
Can I get my renovation loan instantly?
For new customers, loan approval takes about 15 minutes. Returning customers can expect their loan to be disbursed within 5 minutes, either via cash or PayNow.
Are renovation loans from banks and licensed lenders the same?
Private money lenders like Dio Credit often approve and disburse reno loans in Singapore much faster than banks. We also have more flexible requirements, making it easier for those who might struggle to get bank loans.
Can I repay my renovation loan early without penalty?
Yes, there is absolutely no early repayment penalty when you repay your reno loan ahead of time. If you repay your reno loan early, you may qualify for a discount on the interest. Contact our loan officer for more details.
Can I get a renovation loan despite having bad credit?
Yes, Dio Credit welcomes applicants with all types of credit histories. We don’t only provide reno loans in Singapore for bad credit, but we’ll work with you to find the best solution for your needs. Rest assured, your personal information is handled with the utmost confidentiality.