Bugis Credit Pte Ltd is a licensed moneylender (License No. 25/2024) listed in the Registry of Moneylenders, under the Ministry of Law in Singapore.

Home Renovation Loans

No renovation project is too big or too small. Bugis Credit can provide you with the funds you need to pay for your renovation costs quickly.

  • Borrow up to six months’ worth of your income
  • Get your cash immediately
  • Interest rate up to 4% per month
  • Fast approval
renovation loan singapore

Apply For a Fast Cash Loan Online Today!

Get your approval in 30 mins by applying here

Paying for Home Renovations Doesn’t Have To Be a Struggle

renovation loan singapore

Fast and Hassle-Free Approval

When you take out a home renovation loan with Bugis Credit, you can get approved in as fast as 30 minutes.

Flexible Repayment Terms

Flexible Repayment Terms

Transform your living space without breaking the bank. Spread out the cost over 12 months and comfortably pay in fixed monthly installments.

Get the Loan in One Lump Sum

Effortless Renovation Financing

With our home renovation loan, you will receive the full approved loan amount. As such, your home renovation project can continue without a hitch.

Get Loan in 4 easy steps

call and apply online

#1. Call or Apply Online

Call us at 6345-9123 or simply apply online https://www.bugiscredit.sg/ to set an appointment at your convenience.

visit bugis credit office

#2. Visit Our Office

Come in for an appointment to create a customized plan that fits your needs and repayment ability.​

finalize loan plan

#3. Finalize Loan Plan

Agree on terms, including the payments and permitted fees.

receive cash instantly

#4. Receive Cash Instantly

Once the contract is signed, you will receive your cash loan.

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What customers are saying

  • 5 stars
  • 144 reviews on
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Age 21+

At Least 21+ Years Old


Minimum Salary of
SGD2,000 for Local & PR

foreigner cash

Minimum Salary of
SGD3,000 for Foreigner

renovation loan singapore

No Loan With Other Moneylenders

home owner icon

Home Owner Must Be Involved In The Loan

Invoice's quotation icon

Contractor's Quotation or Invoice Signed by
Customer and Contractor

Loan Eligibility & Requirements

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Local and Permanent Residents

Minimum Salary SGD2,000

  • Identity card
  • Proof of residence (utility bill, a letter addressed to you, and or tenancy agreement) 
  • Proof of employment (certificate of employment or recent 3 months payslip)
  • SingPass (to log into CPF, HDB, IRAS website)


Minimum Salary SGD3,000

  • Passport
  • Work Permit
  • Proof of residence (utility bill or tenancy agreement)
  • Proof of employment (certificate of employment
    or recent 3 months payslip
  • Proof of income (bank or account statement)
  • SingPass (to log into IRAS website)
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Ready To Get Your Loan?

Request for a quotation from our friendly officers by filling out the form below

Frequently Asked Questions

Cost of renovating a home in Singapore can be expensive. Whether you want to make improvements to your newly purchased resale flat or you want to upgrade your surroundings, a home renovation loan can provide you with the funds you need.

Renovation loans are special-purpose loans designed to finance your house renovation projects. It is different from home loans that are meant for financing your mortgage. Renovation loans are also different from personal loans since the latter can be used for a wide variety of purposes.

Unlike a personal loan, a renovation loan has certain restrictions on the types of enhancements where you can use the loan amount. Renovation loans can be only used for renovation-related works and do not cover expenses like furnishing, artwork, and smart home devices.

Renovation loans are strictly used for house renovations, including:

  • Electrical and wiring works
  • Built-in cabinets, carpentry works
  • Flooring and tiling
  • Painting and redecorating works
  • Structural alterations
  • Basic bathroom fittings
  • Installation of Solar Panels

A home renovation loan can’t be used to pay for any other purpose other than renovation.

For one, the best renovation loans have more affordable interest rates than credit cards. As such, the interest payments are much more affordable. 

Secondly, the funds from your renovation loan can strictly be used only for house renovations so you won’t be tempted to spend it on other items.

Lastly, you can spread the big chunk of the costs over 12 comfortable payments, allowing you to upgrade and spruce up your home with minimal financial strain.

Bugis Credit’s home renovation loan application process is quick and easy. Simply submit your application online or hop on a call with our team. The application will be processed within 1 hour and you’ll get your cash as soon as the agreement has been signed.

Yes, Bugis Credit’s home renovation loan is an unsecured loan. It does not require any type of collateral. It is also subject to a few restrictions, such as citizenship and income levels. That said, instead of relying on your assets as security, Bugis Credit will approve your renovation loan based on your creditworthiness.

The maximum loan amount you can borrow will depend on several factors, including citizenship and income levels.

Singapore citizens or Permanent Residents with an annual income of less than S$20,000 can only borrow up to S$3,000 with us. If the annual income is at least S$20,000 and above, the maximum renovation loan amount is 6 months’ worth of monthly income.

Foreigners or expats working in Singapore who are earning less than S$10,000 a year can only borrow up to $500. If earning over S$10,000 but less than S$20,000, they can borrow up to S$3,000. If their annual income is at least S$20,000 and above, they can borrow up to 6 times their monthly income.

Note that the interest rate is capped at 4% per month regardless of your income level and the loan tenure is from 6 to 12 months.

Most banks are more likely to approve renovation loan applications from existing home loan customers with good credit scores. That said, borrowers are usually rejected by traditional banks for having a low or bad credit score.

However, even with a less-than-stellar credit score, there is still hope! Bugis Credit will take your income, the outstanding balance on other loans (if any), and your overall financial situation into consideration and responsibly assess how much you can borrow.

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