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Features & Benefits

Rates As Low As 4.20%* p.a. Quick Approval Financing Up To S$30,000 Tenures Up To 5 Years Covers All Renovation Needs Shariah-compliant
Rates As Low As 4.20%* p.a.
Quick Approval
Financing Up To S$30,000
Tenures Up To 5 Years
Covers All Renovation Needs
Shariah-compliant

Rates & Payments

Limited time only: 0% #processing fee with effective rates as low as 4.20%* p.a.

Here is an example of the rates you will pay based on 0%# processing fee, based on a financing amount of S$25,000.

Financing Tenure (Years)

Monthly Rest Rate/ Effective Profit Rate*

(p.a.)

Processing Fee

Monthly Instalment Amount

1

4.33%
(CPR-1.17%)

0%

S$2,133

2

4.33%
(CPR-1.17%

S$1,090

3

4.33%
(CPR-1.17%)

S$742

4

4.20%
(CPR-1.30%)

S$567

5

4.20%
(CPR-1.30%)

S$463

Note: The above monthly instalment amounts have been simplified for illustration purposes.

 

 

Limited time offer!

ZERO%# Processing Fee Promotion

From now till 31 Dec '21, renovate your IG-worthy home & pay ZERO processing fee. Apply now and get your in-principle approval in just 1 day^ with effective rates as low as 4.20%* p.a. and flexible tenures of up to 5 years.

Renovation-i Financing

Eligibility

Singaporeans and Singapore Permanent Residents only

Requirements

Documents Required

  • Photocopy of NRIC (Front & back)
  • Completed application form duly signed by applicant(s)

  • Original contractor's contract/invoice duly signed by applicant(s) and contractor

  • Proof of ownership of property to be renovated

  • Proof of billing (cable TV, internet or utility bills, any bank statements)

  • Proof of Relationship between Principal and Joint applicant (marriage certificate OR birth certificates)

Income Documents For Salaried Employees

  • Latest 3 months computerised/electronic payslip OR

  • Last 12 months CPF contribution history statement OR

  • Latest Income Tax Notice of Assessment

Income Documents For Commission-Based / Variable Income Earners

  • Latest 2 years computerised/electronic employer’s commission statements OR

  • Last 2 years Income Tax Notice of Assessment

Income Documents For Self-Employed Applicants (Applicant Must Be In Their Current Business For 2 Years)

  • Last 2 years Income Tax Notice of Assessment

Application Form

Download and fill in our Application Form below. Once all is complete, submit your application form and supporting documents (Requirements listed above) to renovation_loan.sales@cimb.com

Terms & Conditions

*Terms & Conditions for Renovation-i Financing granted by CIMB Bank Berhad (Singapore Branch) apply. Click here to view the full Terms & Conditions. CPR is the CIMB Prime Rate currently at 5.50% p.a. The lowest rate offered based on a 5-year financing tenure is 4.20% p.a. (EPR 4.61% p.a.). Profit rates are subject to change at CIMB Bank’s sole discretion without prior notice.

^One-day in-principle approval is only valid if the completed application form and required documents are submitted on a working day (excluding Saturdays, Sundays and Singapore Public Holidays). Approval in-principle is subject to further assessment and is not the final and formal approval by the Bank.

#Terms & Conditions governing CIMB Renovation-i Financing 0% Processing Fee Promotion apply. Click here to view the full Terms & Conditions.