Renovation Loan

Renovation Loans: Transform Your Home with Confidence

Are you dreaming of a home makeover but worried about the costs? At Magnus Credit Pte Ltd, we understand that renovating your home is more than just an upgrade – it's an investment in your quality of life. That's why we offer renovation loans designed to help you turn your house into the home you've always envisioned. As a trusted moneylender in Singapore, we provide the smart way to borrow, allowing you to renovate with confidence and peace of mind.

Why Choose a Renovation Loan from Magnus Credit?

Renovating your home in Singapore can be a significant financial undertaking. Whether you're looking to create more space, update your kitchen, or give your entire home a fresh new look, our renovation loans can help you achieve your goals without draining your savings or resorting to high-interest credit cards.

Benefits of Our Renovation Loans

Competitive Interest Rates

We offer some of the most attractive rates in Singapore, ensuring your renovation doesn't break the bank.

Flexible Loan Amounts

From minor touch-ups to major overhauls, we provide loans tailored to your specific renovation needs.

Quick Approval
Process

We know that time is crucial in renovation projects. Our efficient approval process means you can start your renovation sooner.

Customizable Repayment Terms

Choose a repayment plan that fits your financial situation, with options ranging from 12 to 60 months.

Transparent Fee Structure

No hidden charges or surprises. We believe in full transparency, allowing you to plan your renovation budget with confidence

How Can You Use a Renovation Loan?

A renovation loan from Magnus Credit is versatile and can be used for various aspects of your home improvement project:

Why Magnus Credit is Your Ideal Renovation Loan Partner

At Magnus Credit, we're more than just a moneylender in Singapore. We're your partner in creating the home of your dreams. Here's why homeowners choose us:

How to Apply for a Renovation Loan

Getting started with your renovation loan is easy:

Loan
Approval :

Upon approval, we'll present you with the loan terms for your consideration.

Application :

Fill out our simple application form and provide the necessary documents, including your renovation quotation.

Quick
Assessment :

Our team will promptly review your application and renovation plans.

Initial
Consultation :

Reach out to us for a free, no-obligation discussion about your renovation plans and financial needs.

Fund Disbursement :

Once you accept the terms, we'll disburse the funds quickly, allowing you to start your renovation project.

Smart Borrowing for Your Home Renovation

While a renovation loan can be a great tool to improve your living space, it's important to borrow responsibly. Here are some tips to ensure you make the most of your renovation loan:

Start Your Home Transformation Journey Today

Your dream home is within reach with a renovation loan from Magnus Credit. Don’t let financial constraints hold you back from creating the living space you deserve. With our competitive rates, flexible terms, and commitment to your financial well-being, we’re here to make your home renovation dreams a reality.

Remember, at Magnus Credit Pte Ltd, we believe in “Lending with Integrity, Borrowing with Confidence.” Let us be part of your home improvement journey by providing the financial support you need for your renovation project.

Ready to transform your home? Contact Magnus Credit today for a personalized renovation loan consultation. Your newly renovated home awaits!

Why Renovate Your Home?

Renovating your home is not just about aesthetics; it's an investment in your property and your quality of life. Here are some compelling reasons to consider a home renovation:

With a renovation loan from Magnus Credit, you can address all these aspects without compromising your financial stability.

Disclaimer: Terms and conditions apply. Magnus Credit Pte Ltd is a licensed moneylender in Singapore. Please borrow responsibly and ensure that you can meet the repayment obligations before taking out a loan.

Frequently Asked Questions

Who can apply for a renovation loan?

Magnus Credit offers renovation loans to Singapore citizens and Singapore permanent residents, either salaried or contract employees, self-employed and those in gig economy. For renovation loans, at least one of the applicants must be the owner of the flat.

Is there a required minimum salary to apply for a renovation loan?

Generally, as long as they earn a minimum monthly basic salary of $1,200.

Can non-members apply for a renovation loan from Magnus Credit?

Non-members are welcome to apply with us. We will process their membership applications together with the loan applications.

What documents are needed to apply for renovation loan?

(1) Credit bureau report (https://www.creditbureau.com.sg/buy-my-credit-report.html)
(2) NRIC, front & back
(3) Renovation Quotation
(4) Proof of Ownership
(5) Magnus Credit Application form

For salaried employees:
(1) Latest month payslip
(2) 15 months cpf contribution statement

For self-employed individuals:

  • Latest 2 years tax notice of assessment

For gig economy individuals:

  • Latest 2 years tax notice of assessment
  • Last 6 months of income statements
Can you apply for a renovation loan without owning the property?

For renovation loans, at least one of the applicants must be the owner of the flat.

What is the maximum amount you can loan?

The maximum loan amount for renovation loans is up to 6x of your monthly income and capped at $30,000.

How long can I take to repay the renovation loan?

You can choose a repayment period between 1 to 5 years.

How much is the interest rate for renovation loans?

The interest rate for renovation loans is at a flat rate of 4% per annum.

How can I contact Magnus Credit to apply for a renovation loan?

You can contact us at +65 6338 9891 or email us at info@magnuscredit.com.sg

Competitive Interest Rate Personal Loan in
Singapore with Flexible Repayment Plan!