Easy Home Renovation Loan in Singapore

 

With the help of the Golden Credits Home Renovation Loan in Singapore, making your home more environmentally friendly is now not only more accessible but also more affordable. It is time to give your house an eco-friendly facelift now that the annual percentage rate of interest (EIR%)* is so appealing.

 

To qualify for a home renovation loan in singapore:

 

Send in the application for your home improvement loan online.

In the section of the application form titled "Green Renovation Checklist," choose at least three items out of the ten that are relevant to your situation from the list.

Who is eligible to apply, and what are the associated costs?

 

Nationality: Citizen of Singapore or Permanent Resident of Singapore

Age: between the ages of 21 and 65

Ownership of Real Estate: either owned by the applicant or by a member of the applicant's immediate family (parent, spouse, child, or sibling)

Minimum Income: S$ per annum

The following costs must be paid in addition to the amount of the loan that has been approved:

Handling Fee

 

% of the total loan amount that was approved

 

Insurance Premium

% of the total loan amount that was approved (In the event of your passing away or becoming totally and permanently disabled, Manulife will pay off the remaining balance of your renovation loan.)

 

Additional expenses incurred

 

A Cashier's Order Will Be Issued (You are permitted to ask for a maximum of four Cashier's Orders)

 

 

The initial Cashier's Order is provided at no additional cost. As a processing fee, you will be charged a fee of five Singapore dollars for each additional Cashier's Order that you submit (Deducted from your designated loan servicing account)

 

Cancellation Fee

Percentage of the total loan amount that was given the green light

 

Pre-payment Fee

the proportion of the total outstanding loan balance

Late Payment Fee

S$ will be deducted from your account for each month, or in fact, part of a month, in which an interest payment or an installment payment is not made.

After the loan proceeds have been distributed, on-site inspections will be performed to check that the money has been spent on the designated remodeling projects as outlined in the quotation. These inspections will take place after the loan has been paid back in full.

 

You will find the full terms and conditions listed here for your perusal.

 

Location: Singapore

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