COMPARE & CHOOSE A RENOVATION LOAN

  • Fill out our quick application form
  • Compare various renovation loan offers
  • Select the best renovation loan – get the money
  • 4.9/5 ⭐️ rating on Google Reviews

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Loan Amount
$
-
+
$1,000
$200,000

Tenure
-
+
3
72

Your monthly payment

$505

SELECTED PARTNERS
HSBC
SCB
UOB
Citibank
SingPass
Singapore Fintech Association
Carousell

30,000 loan applications yearly!

Find out what our great customers have to say about Lendela

Max Yuan
Max Yuan
3 months 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
3 months ago
Had made two loans through Lendela. Website is easy to use and straightforward. After accepting loan offer, the...
fiewan ejal
fiewan ejal
3 months 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
4 months ago
Good and friendly response. ❤️
Jas Nora
Jas Nora
4 months ago
Such a hospitably and a family friendly staff.. Psst.. can i join you guys..☝️👍
Adam Mikhael
Adam Mikhael
4 months ago
I had a great experiences while looking for financial assistant and was helped by your staff, Fadilah. She helped...
alicia jo
alicia jo
5 months ago
Loan was efficient and convenient
Khairul Ismail
Khairul Ismail
5 months ago
Awesome platform. Thank you
Artalex . Me
Artalex . Me
5 months ago
It's very convenient to use. It searches possible loan offers as much as it can for you (within a few hours). Then ...
Farid Zin
Farid Zin
6 months ago
Fast and efficient. Pleasant transaction.
Muhammad Amiruddin Said
Muhammad Amiruddin Said
6 months 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
6 months ago
Very satisfied with their service. Very Friendly and understanding. Definitely recommended 👌🏾
Jaja S
Jaja S
6 months 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
6 months ago
they were really fast and efficient to provide the necessary help that i was seeking for :)! excellent
Amin 1908
Amin 1908
6 months ago
Best assistance ever.....
abdul aziz mohd
abdul aziz mohd
6 months ago
Staff is very friendly and very helpful too. Explain eveything in detail about the loan to borrower. Two thumbs...
Hidayah Idros
Hidayah Idros
6 months ago
Efficient and helpful staff, Wani. Never fail to update and assist on my enquiries. Trusted and reliable broker....
Gabriel Goh
Gabriel Goh
6 months ago
Lauren was super helpful and quick, helping me to find a lender in less than 30 mins. The lender she found was...
Diyana Mohamed
Diyana Mohamed
6 months ago
Very prompt service from Vienoth who was friendly and answered all my queries. Quick process and excellent...
Mohamed Ramadhan
Mohamed Ramadhan
6 months ago
Great service rendered and their choices of recommended company is very good.
Zhi Xiang Low
Zhi Xiang Low
7 months 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
7 months 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
7 months 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
7 months ago
Very friendly staff. Excellent customer service. Was able to find me a loan that I am comfortable to pay off with...
Julie
Julie
7 months 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
7 months 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
7 months ago
Their service was super solid and their staff go out of their way to help. I love you wani!! 😆😆😆
zul Ahmad
zul Ahmad
7 months ago
Very friendly staff help to sources around for the best finance company..Good job n well done
Yvette Yin
Yvette Yin
7 months 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
7 months 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
7 months ago
Quick and fast response. Efficient in expediting the approval of the loan :)
Jade Yati
Jade Yati
8 months 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
8 months ago
Everything went smoothly
Zainul Chia
Zainul Chia
8 months ago
Absolutely amazing, help in alot of ways. Very recommended
Junwen Ong
Junwen Ong
8 months ago
A place for you to find the right loan that you need.
Sharen Raj
Sharen Raj
8 months ago
It was a great experience for me..the service Fadilah served was really impressive!! Good deal and perfect for...
papa yoss
papa yoss
8 months ago
very Friendly stuff , good service & helpful in loan .. thank you so much Fadilah !!🙏👍😊
Kc Yoon
Kc Yoon
8 months ago
Started looking for a loan late last night, got onto Lendala....received offers within the hour..confirmed my...
Hock Min Ng
Hock Min Ng
9 months ago
(Translated by Google) Thank you Lendela Pre. Ltd for this platform, thank you Lauren for your help, ...
joshua henry
joshua henry
9 months 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
9 months 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
9 months 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
9 months ago
Lauren provide a great service for LENDELA! definitely worth your time
Gopinath Pillai
Gopinath Pillai
9 months ago
Wani of Lendela was extremely professional and very helpful. She went out of her way to assist me
Chen Zhenxiang
Chen Zhenxiang
9 months 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
9 months 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
9 months ago
Ease of applications and approval. Thank you for facilitating the loan.
Nurfitrah Sanchez
Nurfitrah Sanchez
9 months ago
Wani has helped me efficiently! I was able to secure a loan fast and well detailed. Appreciate it alot.👍
Zac Haris
Zac Haris
9 months 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
9 months ago
Lendela staff *LAUREN* whom assisted me to secure a loan Thumbs Up to you for ur Professionalism. You went through ...
Zainal Saadon
Zainal Saadon
10 months ago
Thank you so much Ms Lauren for your assistance that I'm able to get my loan from lender today.I was so happy the...
Sutrisni Norazmi
Sutrisni Norazmi
10 months ago
Thank you Lendela! Ur help is vvv much appreciated. My loan is approved within 30minutes! So relieved! Thank you...
James starshire
James starshire
10 months 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
10 months 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
10 months 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
11 months ago
Thanks Wani for following up and the response was super efficient. Everthing went smooth. Thanks a loads!...
Yus Shinoda
Yus Shinoda
11 months 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
11 months ago
Tks fadilah for ur kindness and helping me to located the area hv a good work & patient.. keep it up.. cheers 🥂
DENNI0 ???
DENNI0 ???
11 months ago
So many finance broker, this is truly trusted one, able to provide your financial need expection request. Customer ...
Stephen Chua
Stephen Chua
11 months ago
Meticulous service with timely follow-up.
Zara S.
Zara S.
11 months 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
11 months ago
Good service and very helpful... Thank you so much.
Nazruddin Sanchez
Nazruddin Sanchez
11 months 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
11 months ago
Great service.. Lendela really supported me when im really in need. Thanks guys
Mohd Loqman
Mohd Loqman
11 months ago
(Translated by Google) ʟᴇɴᴅᴇʟᴀ ɪs ɢᴏᴏᴅ ᴘʟᴀᴄᴇ ᴛᴏ ᴇɴǫᴜɪʀᴇ ᴀʙᴏᴜᴛ...
Faythz Fiztroy
Faythz Fiztroy
11 months ago
Awesome and friendly customer service , fast and efficient transaction, clear explanation and advise on product...
Wesley Hii
Wesley Hii
11 months ago
Really hassle free and smooth transaction. Enquired personal loan in and got my cash 💰 in the afternoon, whole ...
Kelly Khoo
Kelly Khoo
11 months ago
Highly recommended for their service! Amazing patience and detailed follow up! Kudos to Fadilah! Really appreciate ...
Muhsin Nuruddin
Muhsin Nuruddin
11 months 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
11 months 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
11 months 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
1 year ago
fast response
Haneyy Joslin
Haneyy Joslin
1 year ago
Thank you lendela for this opportunity! Biggest thank you to Wani for helping me throughout the process!
Ariel Joyce Kho
Ariel Joyce Kho
1 year 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
1 year ago
Superb helpful and efficient service from Ben. Strongly recommend to those who in need of financial help :)
Fi Ryan
Fi Ryan
1 year 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
1 year ago
Very friendly staff. Excellent customer service. Was able to find me a loan that I am comfortable to pay off with...
Gareth
Gareth
1 year ago
I found Lendela through google search as i was in need of a personal loan. Reading through the positive reviews i...
Chew Clover
Chew Clover
1 year ago
Ben is friendly, helpful and informative. Really appreciate for his help! :)
Rahmat Rizzuandi
Rahmat Rizzuandi
1 year ago
Awesome service and honest staff!
AJF Writes
AJF Writes
1 year 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
1 year ago
Danny is really helpful and was patient answering all my questions and helped !me get a food deal. Greatly...
Soler X2
Soler X2
1 year 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
1 year 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
1 year ago
Fast processing! Affordable interest rate .. highly recommend!
Muhd Hanif
Muhd Hanif
1 year ago
Was assisted by Lendela and everything went smoothly without any hassle. With the right guidance and patient, i...
Inul Jariah
Inul Jariah
1 year ago
I was assisted by Ben. He is very efficient and give advise perfectly. I got my loan approved smoothly.. I am...
Candy Wong
Candy Wong
1 year ago
Danny is really helpful! Went all the way to help me find a lender who's willing to help me! Lots of follow ups...
kinetic candy
kinetic candy
1 year 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
1 year ago
True great experience, really help me alot, Danny from Lendela when the extra mile to explain,assist & guide the...
fadly sven
fadly sven
1 year ago
the swift replies..the prompt responses..the friendly, patience and clear answers we got from Ben was super...
Vikramraj Shanmugan
Vikramraj Shanmugan
1 year 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
1 year 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
1 year 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
1 year ago
Interesting idea with great assistance.
M Khiril Eirsyed
M Khiril Eirsyed
1 year ago
Great help and assistance from Ben. The process is very quick and reliable. Assisted me throughout the process and ...
Zac Zaini
Zac Zaini
1 year ago
Lendela is very efficient and reliable. They manage to recommend me company which meets my Criteria.. Their staff...
Nurhayati Natasha
Nurhayati Natasha
1 year 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
1 year 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
1 year 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
1 year 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)
2 years ago
Very helpful and follow up even when the referred company didn't reply
Erick Chng
Erick Chng
2 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
2 years ago
Good service fast response great replies and thanks for getting back with our offers
Mrdtux Rdtu
Mrdtux Rdtu
2 years ago
Friendly and fast communication

ONE APPLICATION – MULTIPLE RENOVATION LOAN OFFERS

4 simple steps to the best renovation loan in Singapore:

Apply fast & easy

1. Apply online in a few minutes

Receive your offers

2. Receive offers from multiple lenders

Compare and select online

3. Compare offers and select online

Sign the agreement

4. Sign the agreement and get the money

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 but in some cases this limit may be higher, coming in at $24,000 or $30,000
  • You must possess a decent credit score
What are the documents that you’ll need to submit as a part of your application?

What are the documents that you’ll 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 loan application becomes smoother.

Generally, these are the documents that you’ll need to provide:

  • 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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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 best suit your needs (what is the cost of living in Singapore in 2021?). To make comparison 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.

Lower loan ceiling is one of the advantages that renovation loans bring to the table. This helps keep renovation expenditures in check, 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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