QV Credit Renovation Loan Singapore
Apply for a Home Renovation Loan Singapore with us to get your dream house.
Best Renovation & Furnishing Loan Singapore; Flexible and Affordable
A house should be a home, even when there’s no one sitting there.
We all want to come back after a tiring day at work to a place of comfort. We want to come back to a space that we can call our own, one that we are proud of. We pour over countless interior design magazines or scouring Pinterest for dream house inspiration. Well, you can make that a reality!
More Singaporeans are renovating their homes to make it more beautiful, or simply to increase the house’s resale value. Everyone has their own ideas of what their dream house is, whether it be a tiled bathroom, pretty new furnishings, or new carpentry work. Or maybe you just want to redo a certain element of the house that is old and needs repair.
However, we all know renovation does not come cheap. A typical home renovation job in Singapore costs at least $30,000. If you want high-quality materials or special furniture, you might even spend up to $100,000. That is a lot of money. It’s not an easy amount to save up for, and neither do you want to take out such a large sum from your savings. This is where a QV Credit’s Home Renovation Loan Singapore comes in!
What is a Renovation Loan Singapore?
A renovation loan in Singapore is a loan especially for the renovations or improvements of an existing home. This money can be used for:
A renovation loan Singapore is ideal as you probably don’t have $50,000 readily available. Instead of exhausting your savings and spending it all on a home renovation, it would be wiser to consider taking up a home renovation loan. It will ease your financial burden, and more importantly, ensures the savings you have set aside can be used for future emergencies or more pertinent situations.
Am I Eligible for a Home Renovation Loan?
As this is a rather large sum of money, you should make sure you are committed and set on a renovation before taking on a loan. There are some requirements you will need to meet before applying for a home renovation loan in Singapore. These are:
You can borrow up to 10 times your income, but this figure is subject to each individual.
Benefits of a Renovation Loan Singapore
Taking a Home Renovation Loan is Cost-Effective
While a personal loan is more flexible than a renovation loan and is also unsecured, these benefits come at higher interest rates. The repayment rates will be much higher than taking a customized renovation loan. QV Credit wants you to have your dream home, and that is why we keep our interest rates low for a home renovation loan.
A Renovation Loan Singapore has Longer Tenures and Repayment Plans.
Home renovation loans have a longer loan tenure than personal loans. A home renovation loan tenure starts from 1 year and can go up to 5 years. This way, your repayment installment can be spread over a longer time period, hence making it more comfortable for you.
A Home Renovation Loan Singapore can Help Boost Your ROI (Return On Investment)
Taking up a renovation loan will give you the funds needed to make the renovation possible. You can also invest enough cash to ensure that the renovation is done well. This will boost your home’s value and ROI in the long-term if you ever decide to sell your home.
You Get Your Dream Home
Above all, the greatest benefit is really just getting that home you’ve always dreamed about. Having a home you are proud of is also important for you and your family’s happiness, so you’ll be making yourself and your loved ones happy by finally getting that dream house!
How Much Can I Expect a Renovation Loan Singapore to Be?
There are many factors to consider when taking up a home renovation loan, and you should take all of these into account in your budget. The type of housing and level of renovation will largely determine the cost. As a gauge, the average cost of a home renovation for an HDB flat in Singapore is $53,000. These are the other factors:
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Why Should I Take a Renovation Loan Singapore with QV Credit?
QV Credit’s home renovation loans are less costly than home equity or a personal loan. Our Home Renovation Singapore packages are customized for renovation projects; hence the loan tenures are longer and interest rates are lower. We are committed to making your dream house come true, and hence our packages are flexible and customizable to suit your renovation needs! We will work out a repayment scheme that is comfortable for you.
What’s more, QV Credit’s Renovation Loan application process is easy and quick. This is how the loan process works:
QV Credit only takes your personal documents in person as we know your data is important. We will keep these protected and confidential. We are also a licensed and legal moneylender and follow the rules set by the Moneylenders’ Act. Our clients are of utmost importance and hence we keep everything transparent and explain all terms and conditions clear. No hidden fees or surprises. We know renovating your home is a stressful project, hence we want to make at least the funding part stress-free.
QV Credit’s Additional Tips for Taking a Home Renovation Loan Singapore
Here are some additional tips when undertaking a home renovation loan in Singapore!
With all the information above, you are ready to take on a Renovation Loan Singapore! As you can see, the process is simple and quick, and it will allow you to fulfill your dreams! Apply for a Renovation Loan Singapore with QV Credit today!