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.
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