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Remodel Your Home With Our Renovation Loan in Singapore

Online applications available 24/7. Fast loan approval in minutes. Affordable rates from 2% monthly.

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What does “renovation loan” mean?

A renovation loan in Singapore is an unsecured loan specifically for home makeovers (repairs, fixtures, etc.). Because of how expensive renovations are, a renovation loan takes a large financial burden off you. You can remodel your home and not worry about a single large bill waiting to be paid.

Home renovation loans also come with low interest rates and flexible loan tenures, allowing borrowers to fund home makeovers comfortably. Indeed, reno loans are appealing for securing sufficient financing, but it can only be used for home remodelling and renovations, not for any other purposes.

Give your home the makeover it deserves. Apply for a renovation loan here!

Apply now

General costs of home renovation works these days

Because of rising costs, a renovation loan in Singapore, also known as an reno loans in short, becomes more important for homeowners. Here’s the median renovation cost for various home types:

Home Type Median Cost
New 3-room HDB flat S$43,000
Resale 3-room HDB flat S$76,000
New 4-room HDB flat S$59,000
Resale 4-room HDB flat S$65,000
New 5-room HDB flat S$66,000
Resale 5-room HDB flat S$86,000

How does a home renovation loan in Singapore come in handy?

When you need urgent access to renovation financing

When you seek flexibility and control over loans

When you need funding but don’t want to provide collateral

When you plan to increase the value of your home

Home renovation loans in Singapore are specifically designed to fund home remodelling projects, so chances of approval are much quicker and higher. This means you’ll get immediate access to funds from a reno loan and speed up the whole home makeover.

We know how important it is to build your dream home, but even more so doing it without breaking the bank. Renovation loans in Singapore are fully personalised to meet your requirements when it comes to loan amount, repayment schedules, and repayment options.

As home renovation loans in Singapore are unsecured loans, you need not provide any collateral. Simply focus on planning the renovation works while our reno loan does the funding!

If a potential resale is what you’re aiming for in the future, a renovation loan may be the way to go to fund your home makeover. Start working out your ideas and plan ahead — it’s really never too early!

Why apply for a renovation loan with us?

1. Experienced, professional, and passionate

We’re a renovation loan provider that’s been around since 2010, while our team of loan consultants possess over a decade of experience — we’ve had our fair share of experience and strive to do even more for future customers. We’re dedicated to learning about your financial requirements and situation so you can get a renovation loan that meets your needs best.

2. Attractive interest rates

It’s always important to compare private lenders’ interest rates as the higher they are, the more you have to fork out monthly. At Galaxy Credit, our renovation loan’s interest rates start as low as 2% so that monthly repayments are made comfortably without burning a hole in your pocket.

3. Borrow at your own terms

Our home renovation loans’ terms and conditions are always discussed upfront because we do hear you, and we’ll only suggest a loan amount and repayment schedule that’s within your financial capabilities. Every one of our loans are fully customised to each individual’s financial requirements, so you never have to worry about hefty monthly repayments that you can’t afford.

4. Fewer documentations, quicker loan approval

As a home renovation loan in Singapore is unsecured in nature, you don’t need to give collateral. A reno loan from money lenders is also more flexible in terms of eligibility requirements, so it’s likely that you’ll receive approval and funds much more quickly compared to loans from banks or financial institutions.

Give your home the makeover it deserves. Apply for a renovation loan here!

Apply now

FAQs about home renovation loans in Singapore

Even with a home renovation loan in Singapore, do manage your renovation’s budget. A simple indicator to assist you is the limit for your renovation loan in Singapore. I.e. your renovation cost shouldn’t exceed six times your monthly income.

Galaxy Credit’s home renovation loan in Singapore can be used for:

  • Painting
  • Installation of built-in storage (cupboards, cabinets, etc.)
  • Flooring and tiles
  • Solar panel installation
  • Bathroom fittings
  • Electrical wiring
  • Other renovation works

What sets Galaxy Credit’s reno loan apart from other reno loans in Singapore is that you can use the funds to purchase furniture. Rest assured we won’t penalise you for this if we conduct a site visit.

To apply for a home renovation loan in Singapore, you need to meet this criteria:

  • Be 18 years old and above
  • Be a Singapore Citizen, Permanent Resident, or S Pass or Employment Pass holder
  • Draw a stable income
  • Legally reside in Singapore (rent or own a home)

One key advantage a reno loan in Singapore has over a personal loan is a lower interest rate. However, the rate you’re offered for your renovation loan is subject to our discretion.

Homeowners who need assistance with funding a renovation, especially after buying a house, often take up a reno loan in Singapore.

A renovation loan’s tenure from Galaxy Credit ranges from 1-36 months. This isn’t set in stone and you can request for a tenure that meets your needs.

A renovation loan from a licensed money lender usually boasts faster approval than a bank’s. Additionally, a licensed money lender’s renovation loan doesn’t require credit score checks (just basic credit assessment). If you can prove your income is stable and you haven’t exceeded your loan limit, you can obtain a renovation loan.

Galaxy Credit charges a processing fee of up to 10% of the principal loan amount when we grant it. We do not accept additional payments to expedite approvals for renovation loans.

The maximum amount for your renovation loan depends on your annual income:
Annual Income Singapore Citizen/Permanent Resident Foreigner in Singapore
Below S$10,000 S$3,000 S$500
S$10,000 to S$19,999 S$3,000 S$3,000
S$20,000 and above Six times your monthly income Six times your monthly income

Yes, you can. However, each renovation loan has to be from a different licensed money lender. The total amount you borrow across all firms for your renovation loan cannot exceed the limits stated above.

Yes! To boost your same-day disbursement odds, ensure you:

  1. Apply for your renovation loan online along with your supporting documents.
  2. We’ll update you on your reno loan application status in 20-30 minutes.
  3. Go to our office and sign the reno loan offer, review and sign the loan offer, and receive cash through PayNow or in-hand.

GALAXY CREDIT

Galaxy Credit & Investments Pte Ltd leverage on the expertise to offer a set of realistic loan solutions that help you alleviate your financial liabilities whether it is personal or business. 

License Number 154/2024

SERVICES

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ADDRESS

Blk 703 Ang Mo Kio Avenue 8 #01-2531
Singapore 560703 3min walk from AMK MRT

6250 8811

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Opening Hours

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Closed on Sunday and Public Holidays

Copyright © 2025 | Galaxy Credit & Investments Pte Ltd | Singapore Licensed Moneylender | Privacy Policy

GALAXY CREDIT

6250 8811

Copyright © 2025 | Galaxy Credit & Investments Pte Ltd | Singapore Licensed Moneylender | Privacy Policy