Home Renovation Loan

A BTB Creditz home renovation loan provides financial support for your renovation, ensuring you can upgrade your home without straining your finances.

You can use our loan for:

• Electrical upgrades and wiring
• Interior painting and decorations
• Flooring and tiling enhancements
• Structural modifications
• Essential fittings for kitchens and bathrooms
• External structural works like roofing and fencing
• Custom carpentry for storage solutions

Home renovation costs vary widely:

• New flats range from $32,000 for a 3-room to $52,100 for a 5-room.
• Resale flats can cost between $42,600 for a 3-room to $65,200 for a 5-room.
• Executive condominiums start from $20,000.

Major renovations include:

• Demolition: $6,000
• Masonry: $10,000
• Carpentry: $24,000
• Ceiling and partition work: $5,000
• Plumbing: $1,000
• Electrical installations: $4,000
• Painting: $2,000
• Glass and aluminium fittings: $3,850
• Final cleaning and polishing: $500

Effective budgeting involves:

• Setting a realistic budget based on your finances
• Choosing essential versus luxury renovations
• Comparing and negotiating contractor quotes
• Considering DIY for specific tasks to save costs
• Maintaining a contingency fund to cover unforeseen expenses

Our loans offer:

• The ability to enhance your home’s aesthetics and functionality
• Potential to increase your property’s market value
  No need for collateral
• Lump-sum funding for comprehensive planning

Eligibility criteria include:

• Singapore Citizens, PRs, or Foreigners with valid work permits
• Minimum age of 21
• Employment or self-employment

Required documents include:

For Singaporeans / PRs:

• Proof of identity (NRIC, passport)
• Proof of income (CPF / bank statements)

For Foreigners:

• Work Permit / S Pass / E Pass
• Proof of residence (Utility bills, phone bills, tenancy agreement, etc.)
• Payslips / bank statements

Our process is straightforward:

1. Complete Your Application Online: Submit our quick online loan application form in just 2 minutes, or use Singpass.
2. Get Loan Approval: Receive in-principle approval often within an hour, minimising your wait time.
3. Receive Your Funds:Sign the loan contract face-to-face and get your funds immediately on the spot.

Funds are typically disbursed immediately after you’ve accepted and signed our loan contract at our office at 82 Lorong 25A Geylang, Singapore 388261.

Yes, we consider applications even if you have other loans. At BTB Creditz, we aim to offer competitive packages to everyone.

Absolutely! At BTB Creditz, we understand that financial situations can be complex. Unlike traditional banks, we do not base our decisions on credit scores.

Each application is assessed case-by-case, considering your current financial condition and repayment ability. We aim to provide accessible solutions to all, regardless of past financial challenges.

No, BTB Creditz does not impose penalties for early repayment. This may also reduce your interest obligations.

Contact us early if you face repayment issues. We’re committed to finding workable solutions.

All loan details are maintained digitally and securely with us to ensure confidentiality; physical copies are provided upon request.