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Features & Benefits

Rates As Low As 4.15%* p.a. (EPR 4.64% p.a.) Green Renovation Quick Approval Financing Up To S$30,000 Tenures Up To 5 Years Covers All Renovation Needs
Rates As Low As 4.15%* p.a. (EPR 4.64% p.a.)
Green Renovation
Quick Approval
Financing Up To S$30,000
Tenures Up To 5 Years
Covers All Renovation Needs

CIMB Green Renovation-i Financing – As low as 4.15%* p.a. (EPR 4.64% p.a.)

 

Pursue your ideal green home easily. Refurbish your home with rates as low as 4.15%* p.a. (EPR 4.64% p.a.) financing tenure of 5 years and 1-Day* In-Principle Approval.  

 

To qualify:

-Submit your CIMB Green Renovation-i financing application

-Under the Green Renovation Checklist section in the application form, select at least 5 out of the 14 items that are applicable to you.

 

*Terms and conditions apply

 

Rates & Payments

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

Financing Tenure (Years)

Monthly Rest Profit Rate

(p.a.)

Processing Fee

Effective Profit Rate 

(p.a) 

Monthly Instalment Amount

1

4.28%
(CPR-1.22%)

1.2% of the approved financing amount (deducted upon financing disbursement)

6.54%

S$2,132

2

4.28%
(CPR-1.22%)

5.46%

S$1,089

3

4.28%
(CPR-1.22%)

5.08%

S$742

4

4.15%
(CPR-1.35%)

4.76%

S$567

5

4.15%
(CPR-1.35%)

4.64%

S$463

 

Fulfil 5 items in our Green Renovation checklist in order to qualify for our Green Renovation-i Financing. Download checklist here

 

If you do NOT qualify for the Green Renovation-i Financing, you can still apply for the standard Renovation-i Financing

 

Rates & Payments

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

Financing Tenure (Years)

Monthly Rest Profit Rate

(p.a.)

Processing Fee

Effective Profit Rate 

(p.a) 

Monthly Instalment Amount

1

4.48%
(CPR-1.02%)

1.2% of the approved financing amount (deducted upon financing disbursement)

6.74%

S$2,135

2

4.48%
(CPR-1.02%)

5.66%

S$1,091

3

4.48%
(CPR-1.02%)

5.29%

S$744

4

4.35%
(CPR-1.15%)

4.96%

S$569

5

4.35%
(CPR-1.15%)

4.85%

S$465

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

 

 

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

*One of the lowest rate in SG as of 17 January 2023. Terms & Conditions for Renovation-i Financing granted by CIMB Bank Berhad (Singapore Branch) and Terms and Conditions Governing CIMB Green Renovation-i Financing Promotion apply. Click to view the full Terms and Conditions of the Renovation-i Financing or CIMB Green Renovation-i Financing PromotionCPR is the CIMB Prime Rate currently at 5.50% p.a. The lowest rate offered based on a 5-year financing tenure is 4.15%* p.a. (EPR 4.64% p.a.) for a Green Renovation-i financing. 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.