At a Glance

Hassle-free online applicationNEW

Submit your application online with your digibank credentials

Attractive rates

at 4.88% p.a.* for DBS Renovation Loan
at 4.68% p.a.* for DBS Green Renovation Loan

Peace of mind

with comprehensive insurance coverage

*Effective Interest Rate (EIR) – 5.60% and 5.41% respectively based on 60-months loan tenure and inclusive of 1% handling fee and 1% insurance premium

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Exclusively for Livspace customers

Enjoy 0% interest in your first year and waiver of 1% handling fee on your DBS Renovation Loan.

Terms and conditions apply.


Features & Benefits

Borrow up to S$30,000

Flexible repayment

Issuance of Cashier’s Order

Borrow up to 6 times of your monthly income or S$30,000, whichever lower

Monthly repayment of up to 5 years with interest rate from 4.68% per annum (EIR: 5.41%*)

Up to a maximum of 4 Cashier’s Orders will be issued under your appointed renovation contractor’s name

Please note that the issued Cashier’s Orders will be valid for 6 months.


DBS Green Renovation Loan

Achieving a green home is now more effortless and wallet-friendly with DBS Green Renovation Loan. With an attractive interest rate at 4.68% p.a (EIR 5.41%*), it’s time to give your home a sustainable makeover.

To qualify:

  • Submit your renovation loan application online
  • Under the “Green Renovation Checklist” section in the application form, select at least 3 out of the 10 items that are applicable to you.

*Effective Interest Rate (EIR) – 5.41% based on 60-months loan tenure and inclusive of 1% handling fee and 1% insurance premium

Terms and conditions apply.

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Build your dream home with DBS Home and Living Marketplace and get inspired by more home themes. Choose eco-friendly electricity plans and zero-waste home furnishing items that compliments your new home.


Loan Calculator

Renovation Calculator

Find out the monthly repayment for your renovation loan.



Eligibility & Fees

Who can apply


Singapore Citizen or Permanent Resident


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

Main Applicant: Minimum income of S$24,000 per annum
Joint Applicant: Minimum Income of S$12,000 per annum (Main Applicant’s parent, spouse, child or sibling)

Borrow up to 6 x 2 times the lower monthly income of the two applicants or $30,000, whichever is lower

For example:
If your monthly income is S$4000 and the joint applicant’s monthly income is S$1500. You could borrow up to a maximum of S$18,000 (S$1500 x 6 x 2 borrowers)

Your Renovation Loan can be used for:

  • Installation of Solar PanelsNEW
  • Electrical and wiring works
  • Built-in cabinets
  • Painting and redecorating works (e.g. wallpaper)
  • Structural alterations
  • External works within compound of the house
  • Flooring and tiling
  • Basic bathroom fittings

Please note that the Renovation Loan cannot be used to pay for furnishings or for any other purpose besides renovation. If you need help to finance your home furnishings, get ready cash with DBS Personal Loan.

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


Handling Fee

1% 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)

Here's an illustration of the disbursed loan amount nett of the fees:

Approved loan amount: Fees payable: Disbursed loan amount:
S$10,000 Handling Fee
(1% of S$10,000) = S$100
Insurance Premium
(1% of S$10,000) = S$100
(S$10,000 – S$100 – S$100)

Other Fees

Cashier’s Order Issuance
(Maximum of 4 Cashier’s Orders can be requested)

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)

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


Site visits will be conducted post-disbursement to ensure that the loan proceeds are used for the stated renovation works as listed in the quotation.

Full terms & conditions can be found here.


Apply now

You will need a DBS / POSB deposit account to service your loan. If you do not have an existing DBS / POSB account, click here to apply before submitting your Renovation Loan application.

  Single Applicants
Step 1

Prepare the required documents for your renovation loan application:

  1. Scanned / Digital invoice or quotation signed by contractor and applicant(s)
  2. Income Documents
  3. Proof of Ownership (Waived if renovation is for property under DBS/POSB Home Loan)
  4. HDB or MCST Renovation Permit (for applicants who are owners of the appointed contractor)

Please note that each file size should not exceed 5MB and acceptable formats are PDF, JPG or JPEG. The file name should not contain spaces or special characters.

You may find a guide on how to prepare your documents here.

Step 2

Launch the online Renovation Loan Application Form and submit your application with the required documents.

You will need to authenticate yourself via:

  • Your Digibank User ID and PIN, OR
  • ATM, Debit or Credit Card number and PIN

Click here for a detailed guide on the application process.

Apply Now

For Joint Applicants / Non-owner Borrowers

Download the application form and send it to us with the required documents to:

DBS Bank Ltd (CP No. AH0025)
Orchard P.O. Box 360
Singapore 912312


Other Services

You may submit your request to amend or redeem your renovation loan online with these forms below.

Other Forms
  • Reissuance of Cashier’s Order due to non-receipt
  • Change of Loan Amount
  • Termination of Loan

Apply Online

Full Redemption of Loan

Apply Online

Change in Contractor/ Loan Tenure

Apply Online


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