what is the interest rate?

RHB Bank Rate is at 2.98%pa flat rate.

Monthly installment is $574.50 based on $30,000, 5 years loan tenure.

Thanks! =)

Please do not try applying for reno loan from DBS!! They are sooooooo slow in doing my application..... I submitted my application on 12 Mar, got rejected on the 16th regarding quotation, resubmitted quotation on 25th, now is 3rd Apr and still not approved.... Anybody got bad experience from them?

it depends on how much you need for your renovation amount.

Like for mine case, my renovation quote came up to 33k but RHB only loan a max of 30k. So I found out that actually DBS can do individual reno loan of up to a max of 30k.

So me and hb loan 20k each from DBS at the rate of 5.8% and can early redeem this whole loan at the rate of 1%.

hope it helps.

how much ur monthy installment? tedious?

Hi,

i am a banker from Maybank who is doing renovation loan, can i offer some help to your renovation question? from the question you posted yes is truth that you can only get one renovation loan from one bank on a single property, you can't get two renovation loan from two different bank on a single property at the same time. cos if any bank find out both bank have the right to call back the loan immediately.

I've asked a loan specialist about this and it is not true I'm told.

Same situation, I apply personal loan from 1 credit card means and I can't get loan from different cerdit card / bank?

it depends on how much you need for your renovation amount.

Like for mine case, my renovation quote came up to 33k but RHB only loan a max of 30k. So I found out that actually DBS can do individual reno loan of up to a max of 30k.

So me and hb loan 20k each from DBS at the rate of 5.8% and can early redeem this whole loan at the rate of 1%.

hope it helps.

Front end handling fee of 2%. So if you takeing max of 60K it's 1.2K for them to approve your loan.

If you do need extra option do pm me.

does RHB and MAYBANK still offer the renovation loan at 'bestest' rate?

does RHB and MAYBANK still offer the renovation loan at 'bestest' rate?

i think both bank still the have the best rate in the market.

Get id to apply renovation loan or apply renovation loan on your own safer?

Any idea besides 4 commercial banks offers renovation loan? 

Because just Google around I've found 1 Co-op offers that but must be a member. You may check it out here. 

If anybody is still looking for any Renovation loans,  do pm me.

Hi.. Im bought a resale flat recently and ID applied for us maybank,CIMB & RHB but maybank very fast reject. After weeks CIMB no call, letter come got rejected too. RHB no news for now. I heard from 1 of a banker that too many enquiry but most are our self enquiry and supposedly bank shouldn't take that in a count right.? Need an advise. Pls help. 

 

Thanks