Renovating a house can be a source of joy and excitement to people as they get to change the way their house looks through minor cosmetic changes. People can also make their houses more convenient places to live by opting for major renovations. However, renovating a house can be a daunting task as it involves a significant amount of money and savings may not be enough to cover the cost of renovation.
The best way to finance home renovation work is to opt for a Renovation Loan, which is an instrument of debt meant to help people with most of their renovation needs such as remodelling the kitchen, constructing additional rooms and so on. A Maybank Renovation Loan can help people to take care of their home renovation expenses.
Maybank Renovation Loan Minimum Age - 21 years
Maybank Renovation Loan Maximum Age - 60 years
Salaried / Self-employed with regular income
S$30,000 for single and/or joint applicants
MAYBANK Bank Renovation Loan Min Salary - S$30,000
Existing Loan EMI - EMIs of other loans lower your eligibility
Make your immediate family member a co-applicant, and his income will add to your eligibility
|Min Loan Amount||S$15,000|
|Max Loan Amount||S$30,000|
|Max Loan Tenure||up to 5 years|
Maybank, the largest Malaysian financial group, has been operational in Singapore since December 1960. In Singapore, the bank offers services across different sectors such as Personal Banking, Wholesale Banking, Islamic Banking, SME Banking etc. The bank has 22 branches and around 35 ATMs spread across the suburban areas and business districts of Singapore.
Maybank is one of the premier lenders in Singapore that offers personal loans, home loans education loans and home renovation loans.
Maybank Renovation Loans offer a host of customer-friendly features that make them very popular with homeowners in Singapore. Listed below are some of the features and benefits of a Maybank Renovation loan:
Maybank usually runs attractive promotions for its personal loan customers. The card has an online promotion wherein, the applicant can enjoy 50% off on the processing fee (capped at S$150 per approved loan application) if they apply for the loan online.
Maybank offers an attractive interest rate starting from 5.18% per annum.
The applicant needs to fulfil the following loan eligibility criteria in order to get approved for the loan: