Renovating can be a daunting task as it involves a significant amount of money. Our savings may not be enough to cover it. Home Renovation Loan Singapore scheme is, therefore, has become an attractive option which helps to get funding for your renovation works of your dream home. As an extra value-add service to our customer, we have done some research and found that TCC renovation loan Singapore scheme offers the extremely low and affordable interest rate for their member. TCC renovation loan follows the flat interest rate structure. 10% discount on processing fees when the member applies for the loan through TCC official office website.
We are pleased to compile the Renovation Loan information for your easy reference.
“Request a quotation” We are here to provide you with an obligation free quote for your renovation plan
Some key info to note:
- Interest Rate Package – Flat rate, monthly Rest Rate and Board Rate
- Lock in Period – Within the x period of time can’t switch bank or refinancing. The banker or lender will impose fee if it is happening.
- Loan Quantum – Most banks offer up to 6 times your monthly salary and capping at $30,000
- Total repayment – Full amount over the lifetime of the mortgage loan, loan amount + interest
- Legal Subsidy
- Valuation fee
- Late payment fee
- Early repayment fee
- Partial repayment fee
- Cancellation fee
- Administrative fee to us 3rd party fire insurer
Disclaimer The information provided including loan calculator from DiatomReno is only a guide reference. Please liaise with respective bank for details and final figure of loan rate. Information is extracted as of May 2018.