Renovation Loan in Singapore for Home Improvement
Fund your dream renovation without the wait. Fast approval, flexible repayment terms, and transparent fees from a licensed and regulated lender.
30 mins
Average approval
5,000+
Homes renovated
4.9 / 5
Customer rating
A Renovation Loan Designed Around Your Home
Whether you're refreshing a resale flat, fitting out a new BTO, or undertaking a full gut renovation, our renovation loans put the funding in your hands quickly, with no hidden surprises.
As a Ministry of Law licensed moneylender, every renovation loan we issue follows strictly capped rates and fees — so you always know exactly what you're signing up for before work begins.
How Much Can I Borrow?
Total Repayment
SGD 22,166.20
* Subject to credit assessment
Estimate excludes the upfront administrative fee (up to 10% of principal) and any late charges. Interest is calculated on the reducing principal balance; total permitted borrowing costs are capped at 100% of principal.
Why Choose MWA Capital's Renovation Loan
Fast Response
Don't hold up your contractor. Get an indicative response in as little as 30 minutes, with final approval confirmed face-to-face.
No Hidden Costs
Every fee is disclosed upfront. You know the full cost before you commit.
Flexible Repayments
Choose a tenure that suits your cash flow, from 1 to 36 months.
Fully Licensed
Regulated by the Ministry of Law. Rates capped under the Moneylenders Act.
How To Receive Your Renovation Loan in 3 Simple Steps
Apply Online
Submit your details and renovation quotation in under 5 minutes.
Verified In Person
Identity verification and loan terms are explained face-to-face at our approved premises before you sign.
Start Renovating
Once your contract is signed at our approved premises, approved funds may be disbursed. Pay your contractor and get started.
Start Your Renovation Loan Application
Apply online in minutes. Our team will contact you to guide you through the next step.
FAQ on Renovation Loans
A renovation loan can cover a wide range of home improvement works including kitchen remodelling, bathroom fittings, flooring, painting, built-in furniture, electrical rewiring, and structural alterations. You'll typically need to provide a contractor's quotation at application.
A renovation loan is specifically intended for home improvement costs and may require a contractor's quotation as supporting documentation. A personal loan is unrestricted in use. Both carry the same regulated interest rates and fees from a licensed moneylender.
Not necessarily. Tenants carrying out permitted renovation works with the landlord's written consent may also apply. Proof of tenancy and the landlord's approval letter will typically be required alongside the renovation quotation.
Loan amounts are assessed based on your income, existing debt obligations, and the scope of your renovation. Use our calculator above to estimate your repayments across different amounts and tenures before applying.
Once your application is approved and your loan contract signed in person at our approved premises, funds are typically disbursed directly to your bank account the same day. You can then pay your contractor directly without delay.
What Our Customers Say
Additional Resources on Renovation Loans
How to Budget Your HDB Renovation in Singapore
A room-by-room breakdown of typical renovation costs for HDB flats.
5 Things to Ask Your ID Before Signing
What to check before you commit to a renovation contractor or designer.
Renovation Loan vs Bank Loan: The Real Cost Comparison
A side-by-side breakdown of what you'd actually pay with each option.
Can't Find What You're Looking For?
Our support team is ready to answer any questions about your renovation loan application.
Ready to Start Your Renovation?
Get a formal quote in minutes. Don't let funding hold up the home you've been planning.