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Renovation Loan

Fund your home revamp with DBS & enjoy a stress-free renovation journey.
Design your dream home with our attractive rates & flexible repayment options
Apply for a DBS reno loan conveniently online with easy repayments today
Turn Your Dream Home Int

Transform Your Home Sustainably with DBS Reno Loan – Seamless Online Application, Easy Repayments.

Transform Your Home Sustainably with DBS Reno Loan – Seamless Online Application, Easy Repayments.
Fund your home revamp with DBS & enjoy a stress-free renovation journey.
Overview
Overview
Benefits
Eligibility
Fees
How to apply
Loan Packages
Calculator
FAQ
Service Requests Forms

How DBS Renovation Loan works for you?

Discover flexible financing, competitive rates and the support you need to start your dream renovation with confidence.
Enjoy Attractive Loan Rates
Access competitive rates and flexible repayment to plan your renovation budget with confidence and avoid unexpected costs.
Apply Online with Ease
Submit your renovation loan application online and prepare the required documents ahead of time for a smoother process.
Get Support Every Step
Benefit from insurance coverage, flexible repayment options and helpful FAQs to guide you before and after your application.

Eligibility

Check Eligibility and Requirements for Renovation Loans

Nationality

Singapore Citizen or Permanent Resident

Age

21 - 65 years old

Property Ownership

Owned by applicant, OR applicant’s related family member (parent, spouse, child or sibling)

Minimum Income

S$24,000 per annum

Fees and Charges

The following fees are payable and deducted from the approved loan amount or for additional service request

Fees and Charges

The following fees are payable and deducted from the approved loan amount:

Handling Fee

2% of approved loan amount

Insurance Premium

1% of approved loan amount

(In the event of death or total permanent disability, Manulife will pay off your outstanding renovation loan balance)

Cashier’s Order Issuance

First Cashier’s Order is free

A fee of S$5 will be chargeable for each subsequent Cashier’s Order (Deducted from your designated loan servicing account)1

Cancellation Fee

1% of approved loan amount

Pre-payment Fee

1% of outstanding loan amount

Late Payment Fee

S$35 for each month or part thereof during which any instalment and/or interest is not paid

Apply for Renovation Loan

Here’s everything you need to know to get started on your renovation loan application
Loan Servicing AccountYou will require a DBS/POSB deposit account to service your loan. If you do not have one, learn more on how to Open an Account with us before submitting your Renovation Loan application.​
To open an account with us here.
Renovation QuotationSigned & Itemised Renovation Quotation issued within the last 6 months (Both client & contractor signatures).
For more details click here.
Income Documents
For more details click here.
Proof of Ownership
For more details click here.

Renovation Loan Packages

Secure competitive rates starting from 3.38% p.a. and explore flexible loan options designed to help you fund your renovation with confidence.

Exclusive Rates for Home Loan Customers

Enjoy preferential rates from 3.38% p.a. (4.49% p.a.) if you hold an eligible home loan. A cost-effective way to finance your renovation with greater savings.

Eco-aware Renovation Financing

Choose a greener renovation with lower rates from 4.68% p.a. (EIR 5.77% p.a.) Support sustainable home improvements while keeping your financing affordable.

Flexible Financing for Your Home

Finance your renovation with competitive rates from 4.88% p.a. (EIR 5.96% p.a.) and flexible repayment options designed to suit your budget and plans.

Renovation Loan Calculator

See how your monthly repayments break down over time. Adjust your loan amount, tenure and interest rate to understand how your loan amortises.

Click here to calculate now.

Frequently Asked Questions

Renovation Loan Service Requests

Submit requests to manage your renovation loan easily using the forms below.

Cashier’s Order & Loan Adjustments

Reissue your cashier’s order Reduce your approved loan amount Terminate your renovation loan

Full Loan Repayment

A 1% fee applies to the outstanding loan amount for early full repayment.

Change Contractor or Loan Tenure

To change your contractor, upload your new renovation invoice To revise your loan tenure, provide your latest income documents