Home Renovation Loan

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

Home Renovation Loan Singapore

What is a Home Renovation Loan?

Recently purchased your dream home? The next step you might be considering is renovation works.

Most homeowners choose to renovate their homes to make it look more attractive and, in the process, improve the style of their humble abode.

However, you might have exhausted most of your savings through the purchase of your new home. This is where a home renovation loan can be pivotal.

A home renovation loan is a form of personal loan that provides you with the necessary funds to cover the cost of your home renovation works. It can help to cover for costs such as electrical and wiring works, painting and redecorating works and structural alteration.

Whether you are looking to make way for your growing family, build your dream kitchen or simply to spruce up your house, a home renovation loan might just be what you require.

Benefits of a Home Renovation Loan with Lending Bee®

Our home renovation 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 Home Renovation Loans

Frequently Asked Questions

After exhausting most of your savings on purchasing your dream home, a home renovation loan can come in extremely handy to aid you in your home renovation plans. 

A home renovation loan ensures that the cost of your home renovation is accounted for. This way, you will not have to strain your finances to achieve the look and feel of your dream home. 

A home renovation loan can be used for:

  • Electrical and wiring works
  • Painting and redecorating works (e.g., papering walls)
  • Flooring and tiling
  • Structural alteration
  • Basic bathroom fittings (e.g., bathroom heaters)
  • External works (e.g., roof / fences)
  • Carpentry (e.g., built in cabinets / cupboards)

Depending on your type of dwelling, below is an estimate of how much you can expect to spend on your home renovation:

New flats:

  • 3-room (60 – 65 sqm): $32,000
  • 4-room (90 sqm): $42,600
  • 5-room (110 sqm): $52,100


Resale flats:

  • 3-room (60 – 65 sqm): $42,600
  • 4-room (90 sqm): $58,500
  • 5-room (110 sqm): $65,200


Executive Condominiums: $20,000 and up

1. Hacking / Demolition ($6,000): Labour needed to hack, touch-up and rebuild walls.

2. Masonry ($10,000): Tiling, flooring, wet works, and waterproofing.

3. Carpentry ($24,000): Built-in furniture. These include wardrobes, storage spaces, cabinets and other customized storage spaces.

4. Ceiling and partition ($5,000): Box-ups, false ceilings, partition walls, etc.

5. Plumbing ($1,000): Installation of water fixtures which include sinks, bathtubs, toilet bowls, shower sets, water filtration system, etc.

6. Electrical works ($4,000): Electrical outlets such as lighting, data, heater, power points and wire extensions.

7. Painting ($2,000): 2-3 coating paint job for walls and ceilings. 

8. Glass and aluminium ($3,850): Used for window panes, mirrors, glass partitions, 

9. Cleaning and polishing ($500): Cleaning of entire house, disposal of debris and dirt, polishing marble floor, etc.

1. Determine your budget

Consider your finances and be honest about what you can afford. 

This doesn’t mean that you will have to limit your renovations based on your current account balance. 

Home renovation loans allow you to borrow money specifically for financing your renovation project.

If you do decide to take a home renovation loan to finance the project, be cautious not to overstretch your finances. 

2. Be realistic

It’s easy to do a simple google search and list down the various home renovation projects that catch your eye. 

However, it’s important to get your head out of the clouds and stay grounded. You should remember to differentiate your needs from your wants.

Keep in mind that the renovation meets your basic needs. 

These are those things that will make the home more functional for you and those living in it. 

You can consider adding some extras if you can still afford to. These include those things that appeal to your vanity such as expensive tiles for your kitchen back splash.

3. Request and compare quotations

Requesting quotations is a great opportunity to compare different companies and determine which would be the best one to work with. 

A reliable contractor will take the time to visit your property and discuss your needs. 

They will then be better able to provide you with a quotation for their services. 

Never go with a firm that offers to give you a quotation without visiting your home.

A simple online search will bring up various professional contractors. 

Go through their websites or ratings and shortlist up to five of them. 

Get in touch with the firms to find out what services they offer and how much they would charge for the renovation.

4. Consider doing some things yourself

There are some aspects of renovations that may not require technical skills.

Consider painting the walls yourself or installing IKEA shelves to customize your space. 

Doing some tasks yourself can help to bring down the costs of the renovation. 

You’ll also have a great sense of accomplishment from having contributed towards achieving your dream space.

5. Have a contingency fund

Often times, your renovation might likely run over budget. 

This happens in a good number of projects. It often leaves homeowners frantically seeking extra funds in order to complete the project.

Don’t let this be your story. If you’ve received a quotation for S$30,000 on your renovation, you should budget to spend more than this. 

This will ensure that you’ll have a buffer in case you end up spending more on the project.

To qualify for a 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

1. Achieve the look of your dream home

Your home is probably something that you are going to spend a considerable time of your life in. 

Hence, it pays to spend a little more to design and furnish it to your liking. 

With a home renovation loan, you’ll be able to make up for the deficit in funds and turn your dream home into a reality.

2. Increase the value of your home over time

With the borrowed sum, you’ll be able to spruce up and make improvements to your property. 

Thereby, increasing the value of your home should you wish to sell it in the future.

3. No collateral required

As we do not require collateral for you to take out a home renovation loan, the equity of your home will not be taken into consideration.

That said, a tip is to prioritize renovation works that require more work to be done. 

Does your bathroom require remodelling? Do you need to change the tiles of your living room? Does your apartment need repainting?

By prioritizing your renovation works, you will also in turn save on your renovation loan.

4. Receive your money in one lump sum

Rather than borrowing money from your friends and family who might not have the means to cover for the entire cost of your home renovation, you might wish to consider taking out a home renovation loan.

With a home renovation loan, you’ll be assured that you’ll receive the loan in one lump sum. 

This allows for you to plan your home renovation costs and budget for any unexpected emergencies.

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

At Lending Bee®, all applications for our home renovation loans are 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 home renovation 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.

Home Renovation 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
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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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Home Renovation Loan 7

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