Renovation financing
Renovation Financing for Homes, Shops and Commercial Premises
Renovation costs rarely land in one lump, and financing that ignores the payment schedule creates strain before the works are finished. We match the structure to the contractor quotation, the drawdown stages and the repayment you can genuinely carry.
Sized to the quotation and to serviceable repayment, subject to assessment
- Indicative amount
- Varies by provider — contact us for an assessment
- Interest / fee structure
- Varies by provider — contact us for an assessment
- Repayment tenure
- Varies by provider — contact us for an assessment
- Processing time
- Varies by provider — contact us for an assessment
Amounts and terms depend on eligibility and provider assessment. Response time is not approval time; no approval date is promised.
Typical renovation purposes
Tell us what you need the financing for, and we'll help you explore suitable options.
Home renovation
HDB and private residential works — kitchens, bathrooms, flooring, wiring, built-in carpentry.
New home fit-out
First fit-out after key collection, where costs are highest and savings are already committed.
Shop and F&B fit-out
Retail and food premises where a delayed opening directly costs revenue.
Office reinstatement
Reinstatement and make-good obligations at the end of a commercial lease.
Addition and alteration works
Larger A&A projects staged over several months and several payments.
Repairs and upgrading
Ageing electrical, plumbing or structural work that cannot reasonably be deferred.
What does it cost?
Provider interest and charges
Check whether the rate is annual or monthly, flat or reducing-balance, and whether repayments include principal. EIR, where published, is separate from the advertised rate. Allow for processing, upfront, annual, legal, valuation and early-settlement charges where applicable.
Loura service fee
Separate from provider charges; no fee is assumed in the estimate. Your adviser confirms whether a Loura fee applies and its amount before you decide to proceed. All provider charges must be confirmed in the offer.
Personal Financing Calculator
For eligible personal needs and debt consolidation. Savings from consolidation are not guaranteed.
Repayment tenure (years)
Rate basis
- Estimated monthly repayment
- S$944
- Total repayment (5 yrs)
- S$56,614
- Estimated interest (5 yrs)
- S$6,614
- Upfront provider fees
- S$0
- Total estimated financing cost
- S$6,614
- Net proceeds after upfront fees
- S$50,000
Illustrative monthly repayment at 5.0% p.a.
| Amount | 3 yrs | 5 yrs |
|---|---|---|
| S$20,000 | S$599 | S$377 |
| S$50,000 | S$1,499 | S$944 |
| S$100,000 | S$2,997 | S$1,887 |
Repayments include principal and interest at a constant rate. Upfront fees are paid separately or deducted, not added to the loan. This rate is not EIR.
Illustrative estimate only, using illustrative example figures (amounts, rates, LTV and fees) — not verified provider offers, a loan offer or approval. Actual rates, fees, LTV, tenure and approval depend on the financing provider and your assessment. Provider, legal, valuation and other fees are excluded unless shown. Any Loura service fee is separate and disclosed before you decide to proceed.
Who may qualify?
- Annual income and employment stability
- Existing unsecured debt across all lenders
- Credit Bureau Singapore report
- Purpose of the loan
Documents
No documents are needed for the initial enquiry.
- NRIC
- Latest Notice of Assessment or 3 months of payslips
- CPF contribution history
- Statements of existing loans or credit cards
Additional documents may be requested by the financing provider depending on your case.
How it works
01
Tell us what you need
A short enquiry with the basics.
02
We review your situation
We review your situation against the provider's requirements.
03
We help you explore suitable options
We explain the options that may suit you.
04
You decide whether to proceed
We do not submit an application without your instruction.
FAQ
How much can I borrow?
Banks and licensed moneylenders in Singapore must follow limits based on your income. For many borrowers, the total unsecured amount across all lenders is capped at a multiple of monthly income.
What affects the interest rate?
Your income, credit record, existing debts and the provider. Advertised rates are often the lowest available, so your actual rate may be higher. Compare the effective interest rate (EIR), which includes fees.
Will applying affect my credit?
Each application is recorded on your credit report. Several applications in a short period can make providers more cautious, so it helps to apply selectively.
Ready to explore your financing options?
Tell us what you need and a Loura adviser will contact you.