COMPARE & CHOOSE A RENOVATION LOAN

  • Fill out our quick application form
  • Compare various renovation loan offers
  • Select the best renovation loan – get the money
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Loan Amount
$
-
+
$1,000
$200,000

Tenure
-
+
3
72

Your monthly payment

$505

SELECTED PARTNERS
DBS
POSB
HSBC
SCB
UOB
Citibank
SingPass
Singapore Fintech Association
Carousell

40,000 loan applications yearly!

Find out what our great customers have to say about Lendela.

Kassim Ismail
Kassim Ismail
7 months ago
Very good thanks lendela👍
Danial Memel
Danial Memel
8 months ago
Quick, friendly staff that is willing to answer any questions, felt like we are their priority.. good job!
Rohaizat
Rohaizat
8 months ago
Simply Wow!Tip top service! Professionalism at its best.No more stress! I would certainly recommend to my friends...
Ivan Yeo
Ivan Yeo
8 months ago
Very efficient and good in recommendations.
June Tew
June Tew
8 months ago
The staff at the company was great help. They made the process easy. Lenleda staff also did a close follow up.
L'ollonais Dani
L'ollonais Dani
9 months ago
Fast and reliable!
Krait
Krait
9 months ago
Was sceptical initially but officer wani was helpful in helping me getting a debt consolidation loan to clear off...
Muhammad Sofie Abu Bakar
Muhammad Sofie Abu Bakar
10 months ago
Thumbs up to this company and also for the excellent customer service from Fadilah! She went to the extra miles to ...
Nuur Syuhan
Nuur Syuhan
10 months ago
Wani has been a great help for me since day 1 and she even went on her extra mile to help seek to my most...
Kevin Phua
Kevin Phua
10 months ago
Super good, very efficient. Very happy
Gavri'el Asher Ong
Gavri'el Asher Ong
10 months ago
If u are looking for a loan offers, Lendela is the app to go to because it cosolidates all the offer given to you...
Diego Sayas-Tolentino
Diego Sayas-Tolentino
11 months ago
Great service in comparing loans. Efficient, fast and friendly. More power to the borrower. :) Shout out to...
Khai Hsing Ng
Khai Hsing Ng
11 months ago
Friendly and helpful
Muizudeen Mohammad
Muizudeen Mohammad
11 months ago
Very professional, smooth transaction and less waiting time.
Mohd Husni Hamidi
Mohd Husni Hamidi
11 months ago
Good Service by Lendela.Find the suitable solution for emergency need.Assist by experienced staff Fadilah. Very...
dollies 21
dollies 21
11 months ago
Friendly,safe and hassle free... thanks to Fadilah nice service and very detail. And thank you Lendela team highly ...
Lyna Nazri
Lyna Nazri
11 months ago
Accurate info. Fast approval. Very friendly customer service. Will use Lendela again and recommend to my friends.
xPyy GT
xPyy GT
11 months ago
Very Helpful.. Help me get the loan i wanted within a day. very fast and efficient. staff were polite too. very...
Marie Erucelle Rodriguez
Marie Erucelle Rodriguez
1 year ago
They will really find the best loan company for u and let you get the amount u need..
Nur Azhar Osman
Nur Azhar Osman
1 year ago
When in need of loan, look for lendela! Reliable and trustworthy company. They will eventually look for company to ...
Mohamed Alfiean Bin Ali
Mohamed Alfiean Bin Ali
1 year ago
Thanks Wani for the great help
Zheng Zhong Ren
Zheng Zhong Ren
1 year ago
Very accurate description. I had my loan of 2.5K obtained quickly as described. Very friendly customer service....
Stephen Low
Stephen Low
1 year ago
Professional service , helpful , friendly and responsive. Service recommended
AJ Tan
AJ Tan
1 year ago
Friendly and helpful in their recommendations and proper guidance.
Suffian Synyster
Suffian Synyster
1 year ago
Great experience with Lendela, super efficient with the services. Thanks for helping Ms Wani...
Muhd Amirul
Muhd Amirul
1 year ago
Excellent customer service. No pressure was enforced in taking up a loan and was really impressed with their...
Mathan BioMech
Mathan BioMech
1 year ago
Very helpful with what I'm looking for.
Chirag Goel
Chirag Goel
1 year ago
Good Service!
Mohamed Fadhil
Mohamed Fadhil
1 year ago
Great experience with them, super efficient and kudos to Ms Fadilah for being such a great help! Thumbs up!!
Max Yuan
Max Yuan
1 year ago
Good follow up by them even took the extra mile to assist us even we feel there is not much hope thanks!
Witawat Choo
Witawat Choo
1 year ago
Had made two loans through Lendela. Website is easy to use and straightforward. After accepting loan offer, the...
fiewan ejal
fiewan ejal
1 year ago
Fadilah was very remindful and has help me in choosing which loan offer to choose from. Kudos to her and lendela....
Jeffrey Yeo
Jeffrey Yeo
1 year ago
Good and friendly response. ❤️
Jas Nora
Jas Nora
1 year ago
Such a hospitably and a family friendly staff.. Psst.. can i join you guys..☝️👍
Adam Mikhael
Adam Mikhael
1 year ago
I had a great experiences while looking for financial assistant and was helped by your staff, Fadilah. She helped...
alicia jo
alicia jo
1 year ago
Loan was efficient and convenient
Khairul Ismail
Khairul Ismail
1 year ago
Awesome platform. Thank you
Artalex . Me
Artalex . Me
1 year ago
It's very convenient to use. It searches possible loan offers as much as it can for you (within a few hours). Then ...
Ahrul Candy
Ahrul Candy
1 year ago
great customer service and a reliable source to help you find a good and flexible loan .
Farid Zin
Farid Zin
1 year ago
Fast and efficient. Pleasant transaction.
Muhammad Amiruddin Said
Muhammad Amiruddin Said
1 year ago
Was kinda skeptical abt it but it was a smooth journey from the start till the end; from me asking them questions...
Ganesh Parveenth
Ganesh Parveenth
1 year ago
Very satisfied with their service. Very Friendly and understanding. Definitely recommended 👌🏾
Jaja S
Jaja S
1 year ago
from the time u submit your application, you will receive at least 3 offers within the next few hrs and the offers ...
Zel Zel UWU
Zel Zel UWU
1 year ago
they were really fast and efficient to provide the necessary help that i was seeking for :)! excellent
Afiq Bourne
Afiq Bourne
1 year ago
Wani is professional and a great asistance in answering any queries. She also follow up on client's approval.
Amin 1908
Amin 1908
1 year ago
Best assistance ever.....
abdul aziz mohd
abdul aziz mohd
1 year ago
Staff is very friendly and very helpful too. Explain eveything in detail about the loan to borrower. Two thumbs...
Hidayah Idros
Hidayah Idros
1 year ago
Efficient and helpful staff, Wani. Never fail to update and assist on my enquiries. Trusted and reliable broker....
Diyana Mohamed
Diyana Mohamed
1 year ago
Very prompt service from Vienoth who was friendly and answered all my queries. Quick process and excellent...
Mohamed Ramadhan
Mohamed Ramadhan
1 year ago
Great service rendered and their choices of recommended company is very good.
Zhi Xiang Low
Zhi Xiang Low
1 year ago
Extremely helpful and great patience by Wani, as it was my first time getting a loan, she guided me throughout the ...
KVR DRAGONFISH
KVR DRAGONFISH
1 year ago
The agent was able to offer me a loan real fast and I got thr loan as well. Great service!/
Jay Ho
Jay Ho
1 year ago
Great service from start till end. I had a short time frame to source for a loan. Rather than pushing to close the ...
Jason Thng
Jason Thng
1 year ago
Very friendly staff. Excellent customer service. Was able to find me a loan that I am comfortable to pay off with...
Julie
Julie
1 year ago
Fadilah, Thank you so much for your hospitality in keep following up for me and immediate replies keep up your...
nabilul fikri
nabilul fikri
1 year ago
D and help me out to The Times I need the money and try to solve from the point when the new I can help me I...
Haizel Nur
Haizel Nur
1 year ago
Their service was super solid and their staff go out of their way to help. I love you wani!! 😆😆😆
zul Ahmad
zul Ahmad
1 year ago
Very friendly staff help to sources around for the best finance company..Good job n well done
Yvette Yin
Yvette Yin
1 year ago
Very friendly staff. Excellent customer service. Was able to find me a loan. Just need to attach all the required...
Joybo Banana
Joybo Banana
1 year ago
At first ,it might look like a scam website. So I gave my shot to try out and realized it's actually not.For those ...
Chng Kee Chin
Chng Kee Chin
1 year ago
Quick and fast response. Efficient in expediting the approval of the loan :)
Jade Yati
Jade Yati
1 year ago
Lauren has assisted me on my loan, He is so helpful. I eventually gotten a loan with Lendela Help. Thank alot...
Amirul hakim Mohammad
Amirul hakim Mohammad
1 year ago
Everything went smoothly
Zainul Chia
Zainul Chia
1 year ago
Absolutely amazing, help in alot of ways. Very recommended
Junwen Ong
Junwen Ong
1 year ago
A place for you to find the right loan that you need.
Sharen Raj
Sharen Raj
1 year ago
It was a great experience for me..the service Fadilah served was really impressive!! Good deal and perfect for...
papa yoss
papa yoss
1 year ago
very Friendly stuff , good service & helpful in loan .. thank you so much Fadilah !!🙏👍😊
Hock Min Ng
Hock Min Ng
1 year ago
(Translated by Google) Thank you Lendela Pre. Ltd for this platform, thank you Lauren for your help, ...
joshua henry
joshua henry
1 year ago
Lendela helped me find a good and legit company to get a loan. Lauren assisted me. She is so helpful with me, the...
Mohdsham Kan
Mohdsham Kan
1 year ago
Verry powerfull customer service Trust me they did a great job I give lendela pte Ltd 7 star service Can...
Cheng Chaisoon
Cheng Chaisoon
1 year ago
I have been searching for a right place to solve my money problem....found lendela on the Internet...Lauren was...
Mad Ness
Mad Ness
1 year ago
Lauren provide a great service for LENDELA! definitely worth your time
Gopinath Pillai
Gopinath Pillai
1 year ago
Wani of Lendela was extremely professional and very helpful. She went out of her way to assist me
Chen Zhenxiang
Chen Zhenxiang
1 year ago
For the amount of loan and repayment requested it was hard to find any company that's willing to lend....
Ami Vynes Lee
Ami Vynes Lee
1 year ago
I was assigned by Fadilah from Lendela to assist on my loan. She called me and start with a welcoming greeting,...
Abdul Faizal
Abdul Faizal
1 year ago
Ease of applications and approval. Thank you for facilitating the loan.
Nurfitrah Sanchez
Nurfitrah Sanchez
1 year ago
Wani has helped me efficiently! I was able to secure a loan fast and well detailed. Appreciate it alot.👍
Zac Haris
Zac Haris
1 year ago
Lauren has been a great help and she follow through with me until I successfully get the loan i im looking for....
ganesh jajanadan
ganesh jajanadan
1 year ago
Lendela staff *LAUREN* whom assisted me to secure a loan Thumbs Up to you for ur Professionalism. You went through ...
Sutrisni Norazmi
Sutrisni Norazmi
1 year ago
Thank you Lendela! Ur help is vvv much appreciated. My loan is approved within 30minutes! So relieved! Thank you...
James starshire
James starshire
1 year ago
Cool team, awesome platform. Person who helped me was super friendly and super efficient. Got a loan within the day
Dean Junior
Dean Junior
1 year ago
I felt relieved and glad that my loans were approved by the Company and even Lendela staff Miss Fadilah went a...
Zie Mohd
Zie Mohd
1 year ago
Thanks Wani for follow up till to the end. Overall process was smooth and make feel much better. Thanks a loads!...
Kiza Kiza
Kiza Kiza
1 year ago
Thanks Wani for following up and the response was super efficient. Everthing went smooth. Thanks a loads!...
Yus Shinoda
Yus Shinoda
1 year ago
Everything is easy with Lendela, the loan offers was surprisingly quick for a first time experience. Lauren was so ...
Aisyah Aila Varisha
Aisyah Aila Varisha
1 year ago
Tks fadilah for ur kindness and helping me to located the area hv a good work & patient.. keep it up.. cheers 🥂
Stephen Chua
Stephen Chua
1 year ago
Meticulous service with timely follow-up.
Zara S.
Zara S.
1 year ago
Hassle and fuss-free. Fadilah was very patient to assist me in applying and clarifying my queries. It was a fast...
Hans Ahmad
Hans Ahmad
1 year ago
Good service and very helpful... Thank you so much.
Nazruddin Sanchez
Nazruddin Sanchez
1 year ago
Really appreciate the help given by Fadilah. Thanks to her I was able to secure a loan fast and easy. Very...
Ruhaizat Yazid
Ruhaizat Yazid
1 year ago
Great service.. Lendela really supported me when im really in need. Thanks guys
Mohd Loqman
Mohd Loqman
1 year ago
(Translated by Google) ʟᴇɴᴅᴇʟᴀ ɪs ɢᴏᴏᴅ ᴘʟᴀᴄᴇ ᴛᴏ ᴇɴǫᴜɪʀᴇ ᴀʙᴏᴜᴛ...
Faythz Fiztroy
Faythz Fiztroy
1 year ago
Awesome and friendly customer service , fast and efficient transaction, clear explanation and advise on product...
Wesley Hii
Wesley Hii
1 year ago
Really hassle free and smooth transaction. Enquired personal loan in and got my cash 💰 in the afternoon, whole ...
Kelly Khoo
Kelly Khoo
1 year ago
Highly recommended for their service! Amazing patience and detailed follow up! Kudos to Fadilah! Really appreciate ...
Muhsin Nuruddin
Muhsin Nuruddin
1 year ago
A place where you need help financially and with flexibility to commit . They will do the search for you! And...
Azimkhan Khanazim
Azimkhan Khanazim
1 year ago
I got my loan approved within the same day..n for that i would like to expressed my thanks to Fadilah from lendela ...
Muhd Rian
Muhd Rian
1 year ago
Great experience. Fadilah delivered a great service. Really helping me out and sort for me the loan i needed. The...
Stanley Y
Stanley Y
1 year ago
Applied online and service was great. Staff named Wani attended to me through whatsapp and followup was great,...
Jack Wong
Jack Wong
1 year ago
I am grateful to Lendela Kindness and great help. Staff Miss Wani was very helpful, patience, kind, polite, and...
Dylan Lai
Dylan Lai
2 years ago
fast response
Haneyy Joslin
Haneyy Joslin
2 years ago
Thank you lendela for this opportunity! Biggest thank you to Wani for helping me throughout the process!
Ariel Joyce Kho
Ariel Joyce Kho
2 years ago
Ben is really helpful and patient as he suggested the best loan for my situation with the most reasonable...
Yong Wee Necro Lee
Yong Wee Necro Lee
2 years ago
Superb helpful and efficient service from Ben. Strongly recommend to those who in need of financial help :)
Fi Ryan
Fi Ryan
2 years ago
Thank you lendela for giving me an opportunity to have a quick loan in my desperate time , thank you mr ben for...
JCM
JCM
2 years ago
Very friendly staff. Excellent customer service. Was able to find me a loan that I am comfortable to pay off with...
Chew Clover
Chew Clover
2 years ago
Ben is friendly, helpful and informative. Really appreciate for his help! :)
Rahmat Rizzuandi
Rahmat Rizzuandi
2 years ago
Awesome service and honest staff!
AJF Writes
AJF Writes
2 years ago
I found my experience with Lendela efficient and professional. Would also like to commend a staff by the name of...
Timothy Marc
Timothy Marc
2 years ago
Danny is really helpful and was patient answering all my questions and helped !me get a food deal. Greatly...
Soler X2
Soler X2
2 years ago
First of al l ,i will like to thanks Danny From Lendela , for providing me options for my loan and the loan went...
15Y6C23 THNG JING XIONG
15Y6C23 THNG JING XIONG
2 years ago
Very useful platform to search for the best loan based on your eligibility. They r very helpful and accommodate to ...
Muhammad Fauzi
Muhammad Fauzi
2 years ago
Fast processing! Affordable interest rate .. highly recommend!
Muhd Hanif
Muhd Hanif
2 years ago
Was assisted by Lendela and everything went smoothly without any hassle. With the right guidance and patient, i...
Inul Jariah
Inul Jariah
2 years ago
I was assisted by Ben. He is very efficient and give advise perfectly. I got my loan approved smoothly.. I am...
kinetic candy
kinetic candy
2 years ago
Ben was nice and patient in making sure everything went smoothly. Thank you so much for your help! Appreciate it.
AizTheJoker HaHaahaaha
AizTheJoker HaHaahaaha
2 years ago
True great experience, really help me alot, Danny from Lendela when the extra mile to explain,assist & guide the...
fadly sven
fadly sven
2 years ago
the swift replies..the prompt responses..the friendly, patience and clear answers we got from Ben was super...
Vikramraj Shanmugan
Vikramraj Shanmugan
2 years ago
I had applied for a Loan through Lendela online and within an hour got a call from Ben. Ben was really helpful and ...
Annz Aanis
Annz Aanis
2 years ago
Ben assist me and give me hope that my chance of securing a loan is there eventhough I know its quite impossible....
Kathy Roland
Kathy Roland
2 years ago
They must be sorcerers. They managed to get back to me and I wasn’t expecting much, but Ben managed to help me...
TeeCc
TeeCc
2 years ago
Interesting idea with great assistance.
M Khiril Eirsyed
M Khiril Eirsyed
2 years ago
Great help and assistance from Ben. The process is very quick and reliable. Assisted me throughout the process and ...
Zac Zaini
Zac Zaini
2 years ago
Lendela is very efficient and reliable. They manage to recommend me company which meets my Criteria.. Their staff...
Nurhayati Natasha
Nurhayati Natasha
2 years ago
Was assisted by Ben and it was so smooth without any hassle. With the right guidance and patience, i was able to...
YUSHA VIM12
YUSHA VIM12
2 years ago
Very Efficient And Have Good Standard Of Replying Fast And Promptly Updates . A Staff In The Name Of Ben Help Me...
Shamen Heng
Shamen Heng
2 years ago
My experience was excellent. Staff by name Ben helped me thru the process patiently and promptly tat made my loan...
Sahim Sedik
Sahim Sedik
2 years ago
Received the reply on the next day about the loan from Izwan. Even though decided not to apply but still positive ...
TASH DYY
TASH DYY
2 years ago
Speedy replies! Excellent services with fast response for our application. Highly recommended.
Lim (mouseboy)
Lim (mouseboy)
3 years ago
Very helpful and follow up even when the referred company didn't reply
Erick Chng
Erick Chng
3 years ago
very proactive following up on the status and outcome of the application. prompt and friendly sales rep who shared ...
Iziaki R
Iziaki R
3 years ago
Good service fast response great replies and thanks for getting back with our offers
Mrdtux Rdtu
Mrdtux Rdtu
3 years ago
Friendly and fast communication

ONE APPLICATION – MULTIPLE RENOVATION LOAN OFFERS

3 simple steps to the best renovation loan in Singapore:

Apply fast & easy

1. Apply online in a few minutes

Compare your offers

2. Compare offers from multiple banks

Get your loan

3. Sign the agreement and get your loan

Learn more about Lendela

Our goal is to make your loan application process quicker, simpler and more transparent. As Singapore’s only true personal loan comparison service, we support you all the way from application to disbursement. Click below to read more about Lendela and how we empower thousands of loan-seeking Singaporeans every month.

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Lendela's renovation loan guide

Why a renovation loan?

Why a renovation loan?


Owning a home is a major milestone in the lives of most people. But that’s not the end of the road. A few years after purchasing your home, the time may come when you’ll perhaps need to make certain improvements to your space. These improvements could be minor facelifts like retiling the floor and repainting the house, or they could be major home renovations like adding another section to your house.

Now, major renovations to your house can be very expensive, given the steep costs of materials and labor. While it may be a good idea to dig into your savings for minor repairs and facelifts, major home improvements could erode a huge portion of the money you’ve saved up. Here’s where home renovation loans in Singapore come to the rescue.

If you’re a homeowner looking for additional funding to carry out a major home renovation, then it’s a good idea to get to know all the details about renovation loans before you apply for one. So, without further ado, let’s get into the details.

Who is eligible for a renovation loan?

Who is eligible for a renovation loan?


Before you apply for the best renovation loan in Singapore, you need to check if you are eligible for the funding. The exact criteria for eligibility may vary slightly from one lender to another, but broadly speaking, these are qualifying factors that you may be required to fulfil:

  • You must be the owner of the property that you are planning to renovate – this is true for all kinds of properties like individual homes, condominiums, apartments, HDB or any other type of residential property

  • You need to either be a Singaporean citizen or a Singaporean Permanent Resident

  • You must be aged between 21 and 61 years of age to qualify for the loan

  • You must also meet the requirements regarding the minimum annual income – most banks and lenders will require that you have a minimum annual income of $19,200 in order to obtain home renovation loans. However, in some cases this limit may be higher, coming in at $24,000 or $30,000.

  • You must possess a decent credit score to be eligible for a home renovation loan

What are the documents that you will need to submit as a part of your application?

What are the documents that you will need to submit as a part of your application?


If you meet the qualifying criteria, the next step is to apply for the best renovation loan in Singapore. And when you apply for this kind of funding, you’ll be required to submit certain documents to the lender. Knowing what these documents are can help you get them ready on time, so the process of submitting a renovation loan application becomes smoother.

Generally, these are the documents that you’ll need to provide when applying for a home renovation loan:

  • A copy of both the sides of your original National Registration Identity Card (NRIC)

  • A statement of your contribution to the Central Provident Fund (CPF) for the 6 months preceding the date of your application

  • Your most recent pay slip in a computerised format

  • Proof that you are the owner of the property that is to be renovated

  • An official quotation from the contractor handling your renovation project, complete with their stamp and signature

What can a renovation loan be used for?

What can a renovation loan be used for?


Some borrowings, like personal loans, can be used for a variety of purposes. But the best renovation loans in Singapore come with certain clauses attached, and they can only be utilised for a certain set of specific purposes.

Here’s an illustrative list of some of the things that the money borrowed through a in house renovation loan in Singapore can be good for:

  1. Repainting the walls, interior surfaces, and exteriors of your home

  2. Flooring and tiling works

  3. Mending or redoing the electrical and wiring works

  4. Carpentry works such as remodelling the kitchen cabinets, bedroom or wardrobes

  5. Works related to the external components of the house, such as the roofing and fences


At this point, it’s also important to make a note of some things that a renovation loan in Singapore cannot be used for. This kind of funding cannot be used to meet the costs of home furnishing (check our renovation loan calculator in Singapore). That includes the costs associated with the purchase of furniture like tables or cupboards, furnishings like curtains and linens, and other electrical appliances used around the house. Essentially, any expense that does not fall under the category of home improvement works cannot be funded using this product.

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What are the interest rates associated with renovation loans in Singapore?

What are the interest rates associated with renovation loans in Singapore?


There are a multitude of choices for home renovation loans in Singapore, with multiple banks offering the service at varying annual interest rates. Ultimately, it comes down to which bank you use, trust, and believe will give you the best bang for your buck. It is also important to keep the processing fees and monthly payments in mind as you need to pick a home renovation loan that you can afford to pay back.

Don’t be blindsided by the numbers, though, as it is vital you take the time to figure out which home renovation loan is best for you. Remember, you need to keep up with the monthly payments and must pay attention to the annual interest rate. The last thing you want to do is default on a payment and put your home renovation loan in jeopardy.

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Conclusion

Conclusion


So, now that you know the basics about the best renovation loan in Singapore, you can shop the market to find the lender whose terms and conditions and interest rates best suit your needs (check out what is the cost of living in Singapore in 2021). To make comparisons like this easier for you, simply head over to Lendela’s online application and shop for the best renovation loan in Singapore for your home improvement project.

A lower loan ceiling is one of the advantages that home renovation loans bring to the table. This helps keep renovation expenditures in check and at the right level. Also, in most cases, renovation loans come with insurance included in the package, so if anything happens to the borrower, the insurer takes care of the outstanding amount.

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