Condo / HDB / Room Rental Loan

We offer unsecured room rental loans up to $300,000 SGD with longer loan tenures to provide you with one of the best loans in town.

Condo HDB Room Rental Loan Singapore

What is a Condo / HDB / Room Rental Loan?

Perhaps you’re planning to move out of your parents’ nest and live independently or with your partner or with your friends. 

We all want comfortable and stylish apartments close to the CBD or close enough to public transport services. 

However, moving out and living out of your own pocket can be quite a hefty price to pay. This is where our room rental loan can provide you with the financial support.

Typically, a room rental loan provides you with the necessary funds to cover the cost of your monthly rent repayment without breaking the bank. In some instances, you can even use your room rental loan to cover for things such as your utility bills. This way, your monthly salary can be saved up and used for more pressing emergencies. 

Basically, you will get more options for your Condo / HDB / Room Rental without straining your finances.  

Benefits of a Room Rental Loan with Lending Bee®

Our room rental loan stands out as we provide our borrowers with a wide range of unique benefits.

Better and improved
credit scores

loan tenures

Ease of application
and approval


FAQ on Lending Bee's Room Rental Loans

Frequently Asked Questions

A room rental loan is a form of personal loan that helps to cover the cost of your rental. 

Whether you are renting a room in a HDB flat, Condominium, apartment, or landed property, a room rental loan can come in useful to help provide you with the necessary funds.

1. Type of loan required

Before you enter into any loan contract, it is important to discern between secured and unsecured loans.

  • Unsecured loans have a lower borrowing threshold. However, they do not require collateral.
  • Secured loans have a higher borrowing threshold. However, they require collateral.
Room rental loans are typically unsecured loans.

2. Interest rates

Ensure that you are getting the best interest rates as they will significantly affect your monthly repayments.

Additionally, there may be hidden fees that you might be unaware of:

  • Origination fees
  • Service fees
  • Underwriting fees
Lending Bee® does not practice any of such fees. Additional fees, if any, will be made known to you before you sign your loan contract. 

3. Loan tenure

Your loan tenure will also have an impact o the cost of your total loan. 

Ensure that you work with a loan tenure that is comfortable with you so that you can make comfortable repayments.

4. Your current financial situation

This is going to be the most vital factor.

Know where you currently stand in your finances so that you will be able to make better financial decisions, especially on the loan amount that you are looking to apply for.

Before you enter into a loan agreement with the tenant, be sure to ascertain that the property is a good fit for you.

Factors that you might wish to consider include:

  • Availability of facilities
  • Age of the property
  • Proximity to the city
  • Furnishing
  • Location
  • Transport services available nearby

1. Serviced Apartments (Average Cost: $7,000 and above)

Some of us might opt to rent a serviced apartment because it provides facilities and personalized services. 

Fully furnished serviced apartments in Singapore typically come with a gym and pool.

Many serviced apartments consist of units that range from 1-4 bedroom units. 

Flexible lease terms can be negotiated on a daily, weekly or monthly basis. 

Average monthly rental rates for single bedroom units depend on how luxurious the accommodation is, as well as the location. 

Monthly rentals are often upwards of S$7,000.

2. Guest Rooms / Single Rooms (Average Cost: $500 – $1,110)

Renting a room (otherwise known as the common room) within a private apartment typically begins at a cost of S$800, with monthly rentals for rooms in government housing flats starting at S$500. 

These costs are affected by the size of the room and location of the apartment. Common rooms do not come with a private toilet.

3. Landed Property (Average Cost: $5,500 – $35,000 and above)

Landed property refers to bungalows, detached houses, semi-detached houses and terraced homes. 

Considering how relatively small Singapore is in terms of size and population, these types of properties can be very expensive to rent.

It is not surprising for tenants to pay as much as S$18,000 for a detached house within a prime location.

Luxurious bungalows can set people back S$35,000 each month while semi-detached and terraced houses are generally less expensive with starting rates of S$5,500 each month.

4. Entire HDB (Average Cost: $2,000 – $3,000)

Government housing is an option that can be considered by individuals on tight budgets. 

Majority of our local population live in government housing flats, otherwise known as HDB. 

These flats are usually close to essential facilities such as bus and train stations, shopping malls, libraries, clinics, markets, schools and banks. 

There are no luxurious amenities such as gyms or swimming pools and rental costs are based on the size and location of the unit.

Rent ranges from S$2,000 to S$3000 for an entire 3-room HDB flat.

5. Private Apartment (Average Cost: $3,000 – $5,000)

Private apartments in the region are comparable to condos. 

They provide more privacy and good security. However, they lack a majority of the facilities that are usually found in condos such as tennis courts and large pools. 

They are also likely to be older buildings because condominiums tend to be new and privately constructed. 

A 3-bedroom apartment can be rented for S$5,000 per month within the CBD.

6. Condominiums (Average Cost: $5,000 – $9,000)

Private condominiums are popular among expatriates because of facilities in comparison to landed properties. 

These include security, playgrounds, tennis courts and swimming pools. 

Rental prices for condominiums vary widely depending on the age and location of the building. 

In prime areas situated close to the CBD, rent typically begins at approximately S$7,000 each month and can go higher depending on the proximity of the apartment to the CBD and how luxurious it is.


To qualify for a room rental loan with Lending Bee®, you’ll simply have to:

  • Be a Singapore Citizen, Permanent Resident or a Foreigner with a valid work permit
  • Be at least 21 years old
  • Be employed / self-employed

For Singaporeans / PRs:

  • Proof of identity (NRIC, passport)
For Foreigners:
  • Work Permit / S Pass / E Pass
  • Proof of residence (Utility bills, phone bills, tenancy agreement, etc.)
  • Payslips / bank statements

At Lending Bee®, all applications for our room rental loan is kept fast and simple. 

  • Step 1: Submit your application via our online application form.
  • Step 2: We will drop you a call regarding your loan application status within the hour.
  • Step 3: Head down to your selected Lending Bee® branch, sign the contract and receive your loan.

We will disburse the funds to you immediately after you have accepted and signed our loan contract at any of our branches

Yes, you are still welcome to apply for a loan with us!

Lending Bee® aims to help as many borrowers as possible and provide them with one of the best loan packages in the market. 

We are here to serve your needs. 

Yes, you can still apply for a room rental loan with us. We aim to help our borrowers regardless of their credit scores. 

This is why we do not have specific restrictions with regard to credit scores.

No, we do not charge any fees for early loan repayments. 

Outstanding interests, if any, will also be nullified once you have finished repaying your loan earlier than the date stipulated in your loan contract.

No, we do not mail any of your loan information to your home. 

All loan details will be kept digital, and private with us, unless a physical copy is requested.

Condo / HDB / Room Rental Loan 1

3 Simple Steps to receive
your instant cash loan

Receive your loan within the hour!

Submit Online Application

Register an account on our mobile app or simply fill up our loan application form. Takes only 3 mins.

Receive Application Status

Outcome of the loan with the maximum loan amount and tenure will be provided to you in less than an hour.

Fast Cash Disbursement

Head down to your selected Lending Bee® branch, sign the loan contract and receive your money instantly.

Our Latest Customer Reviews (Mar 2021 Update)

Christie Lim
Christie Lim
Mar, 2021
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Andy and Yuan Xi are friendly and informative and professional. The process was smooth and fast. This company offers term payment loans for larger amounts.
Lee JR
Feb, 2021
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Taken an urgent loan from Ms Amanda and was very pleased in her prompt service and she was definitely responsive in all the questions I have. I'd strongly recommend Ms Amanda's services.
Feb, 2021
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process very transparent and fast.. love the free mask provided by the company, very thoughtful of them. thanks lending bee toa payoh.
Afiq Azmi
Jan, 2021
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Assisted by Mr Andy and Enid regarding the loan to clear some debts. Really helpful, patient and very understanding towards the situation and purpose of the loan. Would recommend to others if in need of personal loans! Thank you!
Miss San
Miss San
Jan, 2021
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Ms Samantha is very friendly and very meticulous in helping me with her loan. Lending bee has been a very smooth and easy transaction to apply loan. Highly recommended. No gimmick at all. Low interest among the rest.
acapemma matrixx
Jan, 2021
Read More
It very good value..Andy Tse. have been great for helping me for getting the loan. He will calculate for me. Enid have been good recep for explaining to me in detail.. 🤗
abu babu
abu babu
Jan, 2021
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Fast response to enquiry, assist to suggest better financial planning...thank you so much alfred..
Tan Thian Seng
Dec, 2020
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Mr. Andy Tee and Ms Loke Yuan Xi are very friendly and professional, they are very helpful and willing to understand your needs and clear in explaining to you regarding the loans. I strongly recommend lending bee if you need any financial helps.
Thong Li Tan
Dec, 2020
Read More
Lending Bee staff is professional and friendly. When a person is in needs for money and they provide the right need and helpful. Excellent lending compared to others.
Ridzwan Juraimi
Dec, 2020
Read More
Fast response to enquiry, assist to suggest better financial planning to reduce monthly burden. Alfred was patient and assisted with the smooth transaction
Gun Metal
Dec, 2020
Read More
Great help and explanation from the staffs, offers other solutions and great service as well. Professional highly recommended

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Condo / HDB / Room Rental Loan 7

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