Apply for a Loan, And "Your Interest is Covered" + Get Gifts Worth Up to S$1,749!

PL Wedding Rewards

*Chance to win free interest (3 winners weekly) and receive one of the listed gifts. 

Compare Renovation Loans
How To

Personal Loans, In #YourBestInterest

Get a S$10 Shopee Voucher with every eligible application. T&Cs apply.

Default Repayment $50000 to be repaid in 36 months
$
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$ 30,000
$ 50,000
mth
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36 mth
60 mth
Loan Approval in 60 Seconds Flexible Repayment

Trust Bank Instant Loan

Trust Bank Instant Loan
Monthly repayment S$
Annual Interest Rate
 %
EIR
 % p.a.
Total repayment
S$

2 Offers Available

SingSaver #YourBestInterest Lucky Draw
Get 2x chances to have your interest covered!
Get 2x chances to have your interest covered!

Valid until

16 June 2025

Get up to S$1,429 in cashback & rewards
Apple iPad Air M3 11
Apple iPad Air M3 11" WiFi + Cellular 128GB (worth S$1429)

+ 9 other gift options

Valid until

30 June 2025

DBS Personal Loan

DBS Personal Loan
Monthly repayment S$
Annual Interest Rate
 %
EIR
 % p.a.
Total repayment
S$

2 Offers Available

SingSaver #YourBestInterest Lucky Draw
Get 2x chances to have your interest covered!
Get 2x chances to have your interest covered!

Valid until

30 June 2025

Exclusive Offer (use code DBSSINGSAVER)
3% Cashback + S$50 Cashback
3% Cashback + S$50 Cashback

Valid until

31 July 2025

Exclusive Offer (use code DBSSINGSAVER)
2% Cashback + S$50 Cashback
2% Cashback + S$50 Cashback

Valid until

31 July 2025

Exclusive Offer (use code DBSSINGSAVER)
2% Cashback + S$50 Cashback
2% Cashback + S$50 Cashback

Valid until

31 July 2025

EXCLUSIVE DEAL THAT YOU WON'T FIND ELSEWHERE Instant Approval Up To 7-Year Tenure Instant Loan Disbursement

HSBC Personal Loan

HSBC Personal Loan
Monthly repayment S$
Annual Interest Rate
 %
EIR
 % p.a.
Total repayment
S$

2 Offers Available

SingSaver #YourBestInterest Lucky Draw
Get 1x chance to have your interest covered!
Get 1x chance to have your interest covered!

Valid until

16 June 2025

Get up to S$2,149 in cashback & rewards
Apple iPhone 16 Pro 256GB (worth S$1,749) + S$400 Bonus Cash
Apple iPhone 16 Pro 256GB (worth S$1,749) + S$400 Bonus Cash

+ 9 other gift options

Valid until

17 June 2025

Instant Loan Disbursement No Processing Fee S$20,000 Min Annual Income Up to 5-Year Loan Tenure

CIMB Personal Loan

CIMB Personal Loan
Monthly repayment S$
Annual Interest Rate
 %
EIR
 % p.a.
Total repayment
S$

2 Offers Available

SingSaver #YourBestInterest Lucky Draw
Get 1x chance to have your interest covered!
Get 1x chance to have your interest covered!

Valid until

16 June 2025

Get up to S$1,599 in cashback & rewards
Apple iPhone 16 Pro 128GB (worth S$1,599)
Apple iPhone 16 Pro 128GB (worth S$1,599)

+ 9 other gift options

Valid until

30 June 2025

So How Much Does An “Average” Renovation Cost? With Free Interest.

Just received the keys to your 4-room BTO flat and planning your move-in in 12 months? Here’s how much you’d need to save each month—assuming a 9% GST rate (as of May 2025):

S$3,630 a month

Here's a Simple Breakdown

Renovating a 4-room BTO flat can cost S$40,000–S$70,000 — a renovation loan can help you bring your dream home to life, without the upfront stress.

Kitchen
Transform your kitchen into a gourmet haven
S$10,000–S$25,000
living room
Design a modern living room space
S$6,000–S$12,000
bathroom
Upgrade bathrooms for comfort and convenience
S$8,000–S$15,000
bedroom
Revamp bedrooms for relaxation and storage
S$5,000–S$10,000 per room
flooring
Refresh flooring and walls throughout the flat
S$8,000–S$15,000
storage
Add custom storage and concealed carpentry
S$4,000–S$8,000

Apply Now and Stand A Chance to Win Your Free Interest — in 3 Easy Steps!

Stand a chance to be one of 3 lucky winners every week to have your full interest covered on us (worth up to S$3,000), on top of existing rewards!

Step 1 - Renovation

Step 1: 

Ensure your loan amount is at least S$20,000 with a minimum tenure of 3 years to be eligible.

Step 2 - Renovation

Step 2: 

Please complete the redemption form sent to your email within 3 days of your application.

Step 3 - Renovation

Step 3: 

Once approved, you’ll receive your reward — plus, a chance to have your full interest covered!

Ready to Make Your Dream Home Happen?

💬 Real Stories

Design meets practicality – hear from homeowners who transformed their space, and get trusted advice from the experts who make it possible.

Financially Secure

"We wanted a fresh start for our 4-room BTO, but didn’t want to empty our savings. SingSaver helped us figure which loan to take and gave us the room to renovate and still feel financially secure."

— Amanda & Darren, Tampines

Budgetting

"The kitchen and living room were top of my list. SingSaver helped us find a loan that fit our timeline and budget perfectly."

— Mei Lin, Bukit Panjang

Fast Deposit

"Our ID needed a fast deposit to start work. SingSaver helped us narrow down our options and move ahead confidently without cutting corners on design."

— Hassan & Farah, Punggol

Need help with personal loan for your renovation?

We know diving into a personal loan can feel overwhelming—that’s why we’ve answered your most common questions and broken down each step, so you can plan your dream home with confidence.

📘 Glossary of Personal Loan Terms

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Term What It Means
Principal The original loan amount you borrow, excluding interest and fees.
Interest Rate The percentage charged on the principal amount, usually quoted as an annual rate (p.a.).
Effective Interest Rate (EIR) A more accurate reflection of the true cost of the loan, including processing fees and how the interest is calculated on a reducing balance.
Flat Interest Rate Interest is calculated on the full loan amount for the entire tenure, not on the reducing balance. Usually results in higher overall cost.
Tenure The duration over which you’ll repay the loan, typically ranging from 1 to 5 years.
Monthly Instalment The fixed monthly payment that includes a portion of the principal and interest.
Total Debt Servicing Ratio (TDSR) A regulation that limits your total monthly debt obligations to 55% of your gross monthly income.
Unsecured Loan A loan that does not require collateral, such as a renovation or personal loan.
Processing Fee A one-time administrative charge (typically 1–2%) deducted from the approved loan amount.
Disbursement The release of loan funds to your bank account or directly to a vendor (e.g. contractor).
Early Repayment Fee A fee charged if you repay the loan in full before the end of the agreed tenure.
Late Payment Fee A penalty charged if you miss or delay a monthly instalment.
Credit Score A rating based on your credit history that lenders use to assess your loan eligibility and risk.
Guarantor A third party who agrees to repay the loan if the borrower defaults (rare for personal loans, more common in education loans).
Revolving Credit Facility (RCF) Unlike a personal loan, an RCF lets you borrow repeatedly up to a set limit (e.g. credit card or credit line).
Debt Consolidation Plan (DCP) A structured program that combines multiple high-interest debts into one manageable loan.
Letter of Offer A formal loan approval document outlining the terms, conditions, and disbursement details.

How to Apply & What Are the Requirements?

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To apply, make sure you:

  • Are a Singapore citizen or PR, aged 21–65

  • Have a minimum annual income of S$20,000–30,000

  • Prepare your:

    • NRIC

    • Income proof (CPF/payslips)

    • Proof of employment

How do personal loans work?

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A personal loan provides you with a lump sum of money that you repay with interest over a set period. You'll make regular monthly repayments until the loan is fully repaid.

How long does it take to get a personal loan?

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When it comes to how long it takes to get a personal loan, approval and disbursement time can vary between lenders. Some lenders offer same-day or next-day approval and disbursement, while others may take a few days to process your application. However, before taking on a loan, it is important to know if you’re eligible. Pre-qualify with SingSaver to save time and avoid applying for loans you’re unlikely to get.

Can foreigners get a loan in Singapore?

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Yes, foreigners can apply for personal loans in Singapore, but they may have to meet additional eligibility criteria, such as having a valid work pass and a minimum income.

How does a personal loan affect your credit score?

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Taking out a personal loan can affect your credit score in both positive and negative ways. Making timely repayments can improve your credit score, while late payments or defaulting on the loan can negatively impact your score. 

💰申請即有禮，仲有機會贏HK$100,000！

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