Lending Bee Home Rental Loans

Property / HDB / Room Rental Loans

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What Is A Property / 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 the MRT station. Popular areas like Tanjong Pagar, Bugis, Chinatown, Serangoon or Toa Payoh are always on top of our lists.

However, these areas and homes tend to be very expensive. If you end up spending most of your salary on rent, there might not be enough for necessities, savings, investments, entertainment and travelling.

Here’s what Lending Bee’s Home Rental Loan is for. Our Home Rental Loan provides you with enough funds for you to rent your dream room or apartment that best meets your needs. You don’t have to spend too much of your salary on rental. Your apartment rental instantly becomes affordable.

Finding it too expensive to rent a room or house? A Property Rental Loan will help you live in ease.

Our Property / HDB / Room Rental Loan Offers:

  • Low interest rates from 1 to 4%
  • Flexible loan tenures
  • Large loan amounts up to S$100,000
  • Not restricted to any particular type of housing
  • Apply online within minutes
  • Easy loan approval
  • Fast replies within 30 mins
  • Online account to check your loans anytime, anywhere
  • Application is 100% confidential
  • We welcome all Singaporeans, PRs and foreigners to apply

Basically, you get more options for your property / HDB / room rental without straining your finances.

Houses in Singapore are not cheap and property prices have known to be on the rise. Housing prices in Singapore are determined by various factors such as:

Whether you are renting a home or buying a house in Singapore, getting a home is a serious matter. It is always important to set aside enough time to determine where you prefer to live in Singapore before making a final decision after carefully considering rental costs and personal preferences.

Our Process Is Simple – Just 3 Steps

Apply anywhere and we will get back to you within an hour. Efficient and reliable, we help you make progress in life.

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1. Easy online application

Fill in our online form that takes only 3 minutes.

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2. Confirm your
details

Our consultants will contact you to confirm your loan at one of our branches.

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3. Get your
money

Receive your money in cash or cheque on the spot.

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1. Easy online application

Fill in our online form that takes only 3 minutes.

Arrow-down
resume-art

2. Confirm your details

Our consultants will contact you to confirm your loan at one of our branches.

Arrow-down
getmoney-online

3. Get your money

Receive your money in cash or cheque on the spot.

6 Types Of Houses For Rental & Their Prices In Singapore

Home Rental Loans Serviced Apartment

Serviced Apartment

Average Cost: S$7,000 and above

Some people opt to rent a serviced apartment because it provides facilities and personalized services. They may also prefer this option because they are planning to live in Singapore for a short period and are seeking flexible leases. 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.

Home Rental Loans Guest Rooms Single Rooms

Guest Rooms / Single Rooms

Average Cost: S$500 - S$1,100

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.

Home Rental Loans Landed Property

Landed Property

Average Cost: S$5,500 - S$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 are no longer as common as they used to be and 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.

Home Rental Loans Entire HDB

Entire HDB

Average Cost: S$2,000 – S$3,000

Government housing is an option that can be considered by individuals on tight budgets. A majority of the local population lives in government housing flats, popularly known as HDB. The 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.

Private Apartment

Average Cost: S$3,000 - S$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.

Home Rental Loans Condominiums

Condominiums

Average Cost: S$5,000 – S$9,000

Private condominiums are popular among expatriates because of facilities such as affordability in comparison to landed properties, security, playgrounds, tennis courts and swimming pools. Rental prices for this type of accommodation 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.

What Affects The Price of Properties In Singapore?

1. Location

Location is a key factor in regards to driving up the value of property. Several people are ready and willing to part with a substantial amount to access centralized locations that are close to the central business district (CBD) area or town. For example, a 4-room HDB at Tanjong Pagar is likely to cost more than a 5-room HDB in non-mature estates. You will have to prepare a larger sum of money for rental if you wish to live in mature estates.

2. Transportation

Whether the property is near MRT stations, bus interchanges or if it is near highways affect the value of the property. All these factors affect the time spent on transport. A home that is conveniently located or has access to direct transport to town is likely to have a higher value than one that is further away from public transport. An example would be Toa Payoh, where there are a lot of bus options making it very convenient for the residents there.

3. Layout

Layout may refer to the shape of an apartment or the direction that it faces. The direction of a unit is a concern that arises when people do not want rooms such as living rooms to face the glare of the sun directly, because this can cause the room to become excessively hot and uncomfortable. It is also linked to the Feng Shui of the house. Some people believe that having good Feng Shui will be able to bring them more wealth or better health.

4. Amenities

Virtually everybody appreciates convenience and anyone who is staying away from town wants to be able to access their daily needs. Therefore, many people look for sporting facilities, food courts and supermarkets near their home. An important criterion for parents is quality schools and institutions.

Found your dream home? Other than rental fees, there are much more to consider.

What You Have To Think About When Renting A Home

Moving into a new place on your own or with your partner can be really exciting and overwhelming at the same time. You finally get to make decisions on the decorations and bring in the furniture that you want. However, with a new home comes new responsibilities. And by new responsibilities, we don’t just mean more cleaning for you to do. The 4 things you have to consider are:

One of the common guidelines regarding renting is spending an estimate of 30% of monthly income on rent. The first step towards identifying an affordable place is the aspect of how much you can comfortably afford to rent within a clear budget.

After finding the perfect apartment and being able to afford the rent, the moving fees may begin to pile up and disrupt the budget. It is helpful to keep common fees in mind to be financially prepared for the move. These include deposit, application, agent and moving fees.

Many renters do not consider the actual cost of renting. There are additional costs that may be incurred when a person chooses to live in a certain place. Sometimes furniture might not be provided at the apartment and you will have to get them on your own or perhaps the washing machine is broken and you need to purchase a new one. When these costs add up, they can have a significant effect on personal finances over time.

Many renters do not consider the actual cost of renting. There are additional costs that may be incurred when a person chooses to live in a certain place. Sometimes furniture might not be provided at the apartment and you will have to get them on your own or perhaps the washing machine is broken and you need to purchase a new one. When these costs add up, they can have a significant effect on personal finances over time.

If you are an animal lover, do make sure to check if the owner is fine with having pets so that you can bring your furball along!

Rent to pay, but tight on money? Lending Bee Home Rental Loan can help.

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