Renovation Loan Calculator Singapore
Calculate your renovation loan monthly repayments. Singapore renovation loans are capped at S$30,000 with maximum 5-year tenure.
· Free · No sign-up required
How to use:① Enter your loan amount using the slider or type directly② Adjust the interest rate to match your bank's offer③ View your monthly repayment and full schedule instantly
Loan Details
Renovation Loan Amount
S$
S$5,000S$30,000
Interest Rate (Flat p.a.)
%
1%8%
Loan Tenure5 yrs
1 yr5 yrs
Your Estimate
Monthly Repayment
S$299.75
5 years · 60 monthly payments
Principal
S$15,000
Interest
S$2,985
Total RepaymentS$17,985.00
Total InterestS$2,985.00
Loan AmountS$15,000
Flat Rate3.98% p.a.
Effective Rate (EIR)7.64% p.a.
💡 Banks advertise flat rates. EIR is the true cost — always compare EIR across lenders.
💡
A 4.0% flat rate = 7.6% EIR. This is your true annual cost. Always compare EIR — not flat rate.
📋
Show this estimate to your bank or mortgage broker. Actual rates may vary based on your credit profile.
✅
Monthly repayment S$299.75 must be within 55% TDSR limit of your gross income (MAS rule).
About Renovation Loan Calculator Singapore
Renovation loans in Singapore are unsecured personal loans specifically for home renovations. Most banks cap renovation loans at S$30,000 (or 6x monthly salary, whichever is lower) with a maximum 5-year tenure. They typically offer lower rates than regular personal loans.
Before you apply: Check your TDSR → and your max budget →
Renovation Loan Calculator Singapore — Frequently Asked Questions
Common questions about renovation loan calculator singapore in Singapore.