CIMB Renovation-i Financing

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Key Features

4.15%
Interest Rate (p.a.)
1.2%
Processing Fee
0%
Admin Fee

Other Features

You can borrow up to S$30,000 or 6 times your monthly salary, whichever is lower.
The loan tenure can be up to 5 years.
We offer attractive interest rates.
If you are eligible for a Green Loan, you can enjoy interest rates starting from 4.15% p.a. for loans below S$25,000.
To qualify for a Green Renovation Loan, you must meet at least 5 of the Eco requirements in the checklist provided. Click here to view the checklist.
For loans below S$25,000, non Green Loans have interest rates starting from 4.35% p.a.

Eligibility

Citizenship Status

Singaporean / PR

Age Requirement

21 – 55 years old

Employment Status

Salaried / Self Employed

Guarantor / Collateral

Minimum Annual Income

S$24,000

Fees and Charges

Disbursement Fee: S$10 per order (Up to 3 Free)
Cancellation/ Amendment of Order: S$20
Processing Fee: 1.2%
Admin Fee: 0%
Cancellation Fee: 1.00%
Late Payment Fee: S$80
Full Repayment Penalty: 1% on prepaid amount

Review

By LOANPANDA

CIMB Renovation-i Financing offers attractive interest rates starting from 4.15% p.a. with a processing fee of only 1.2%. You can borrow up to S$30,000 or 6 times your monthly salary, whichever is lower, with a loan tenure of up to 5 years.

Eligible customers can also enjoy even lower interest rates with a Green Renovation Loan. Minimum annual income requirement is S$24,000 for Singaporeans and PRs aged 21-55 who are either salaried or self-employed. Fees include a disbursement fee of S$10 per order and a late payment fee of S$80.

FAQ

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While there are so many types of credit cards offering different features, you may wonder: How best to choose one that suits you?

Here’s a short guide LOANPANDA has compiled to help you understand the credit card requirements, interest rates and basic payment terms.