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CIMB Renovation Loan
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CIMB Renovation Loan

Reasons To Get This Renovation Loan:
  • Borrow up to 6x your monthly salary or $30k whichever is lower
  • Loan tenure of up to 5 years
  • Attractive interest rates
CIMB Renovation Loan

CIMB Renovation Loan Highlights

years

5.37%

Monthly rest

1% of approved loan

$381

Per Month

CIMB Renovation Loan

Repayment Summary

Principle Loan Amount
$20,000
Monthly Instalment
$381
Interest Rate (per annum)
5.37%
Loan Tenure
5 years
Total Amount Payable
$22,849
Total Interest Payable
$2,849

Key Product Features

Minimum Loan Amount
$10,000
Maximum Loan Amount
$30,000
Max Loan Tenure
5 years
Interest Rate
5.37%
Approval Duration
1-2 weeks

One-time Fees & Charges

Disbursement Fee
Up to 3 Cashier's Order (Free). Subsequent Cashier's Order are chargeable at $10 each. Admin Fee $20 for cancellation/amendment of Cashier's Order
Processing Fee
1% of approved loan

Penalties & Late Fees

Late Payment Fee
Late Payment Fee $80
Partial Repayment Penalty
1% on prepaid amount
Full Repayment Penalty
1% on prepaid amount

Eligibility

Citizenship Status
Singaporean or Singapore PR
Age Requirement
21 to 50 years old
Employment Eligibility
Salaried or Self Employed
Guarantor / Collateral
N/A
Minimum Annual Income
  • Minimum annual income of S$24,000 for single and/or joint applicants
  • Joint Applicant (if any) must be a spouse, parent, sibling, or child of the Main Applicant.
CIMB Renovation Loan

Apply Online for This Renovation Loan Now!

CIMB Renovation Loan

Apply Now