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Features & Benefits

Octo Octo Octo Octo Octo Octo
Rates As Low As 4.20%¹ p.a.
Quick Approval
Financing Up To S$60,000
Tenures Up To 5 Years
Covers All Renovation Needs
Shariah-compliant

Rates & Payments

Here is an example of the rates and monthly instalments you will pay, based on a financing amount of S$25,000.

Financing Tenure (Years)

Monthly Rest Profit Rate¹

(p.a.)

Processing Fee

Effective Profit Rate 
(p.a.)

Monthly Instalment Amount

1

4.33%
(CPR-1.17%)

1% of the approved financing amount (deducted upon financing disbursement)


6.21%

S$2,133

2

4.33%
(CPR-1.17%

5.31%

S$1,090

3

4.33%
(CPR-1.17%)

5.00%

S$742

4

4.20%
(CPR-1.30%)

4.71%

S$567

5

4.20%
(CPR-1.30%)

4.61%

S$463

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

 

 

How to Apply

Send an SMS to 72008 to register your interest:


CIMBRENO<space>WS<space>Your Name
(e.g. CIMBRENO WS Nicholas Tan)

Download our printable Application Form below:

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

Terms & Conditions

1 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.

 

2One-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.