DBS Renovation Loan

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Key Features

4.18%
Interest Rate (p.a.)
1%
Processing Fee (approved loan)
0%
Admin Fee

Other Features

Borrow up to S$30,000 or 6 times of monthly income (whichever is lower)
Loan tenure of up to 5 years
Online application fully-assisted by digibot

Eligibility

Citizenship Status

Singaporean / PR

Age Requirement

21 – 65 years

Employment Status

Salaried / Self Employed

Guarantor / Collateral

Minimum Annual Income

S$24,000

Fees and Charges

Disbursement Fee: S$5 per order (1st Free)
Processing Fee: 1%
Admin Fee: 0%
Cancellation Fee: 1% of Approved Loan Amount
Late Payment Fee: S$35

Review

By LOANPANDA

DBS Renovation Loan offers competitive interest rates and flexible loan tenures of up to 5 years. Borrow up to S$30,000 or 6 times of your monthly income (whichever is lower) for your renovation needs. Plus, enjoy a hassle-free online application process with digibot.

With no admin fees and low processing fees, this loan is a great option for Singaporeans and PRs aged 21 to 65, with a minimum annual income of S$24,000. However, do take note of the late payment fee and cancellation fee if applicable.

FAQ

A credit card is a convenient tool for people to pay for purchases today, offering many perks and rewards that can add up to more savings for the cardholders.

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.