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Renovation Loan

(Apply on-line enjoy 10% discount on processing fees)

Renovation Loan

Members will find the interest rates on TCC's Renovation Loans very competitive. Renovation Loan applications should include an accurate quotation from the Members' Contractor. Renovation loan disbursements are made payable to the contractor. If need be, Members can request loan disbursement by progress payments to the contractor.

Rates of Interest

4.00 % flat rate

*Inspection of premises must be conducted before renovation work is commenced.

Loan Requirements

A. Main and joint applicant

Requirements:

  • Singaporean or PR
  • Age : 21 – 60 yrs old
  • Salary: Minimum $1,200

Required Documents:

  1. NRIC Copy (front and back)
  2. For salaried employees,

    - latest pay slip and

    - latest 15 months CPF Contribution History

    - latest income tax notice of assessment (for loan amount above $10,000)

    For commissioned earners,

    - latest 6 months commission statement and

    - latest 2 years income tax notice of assessment

    For self-employed,

    - latest 2 years income tax notice of assessment

  3. Copy of Marriage Certificate (if this is a joint application)
  4. Proof of Ownership of the renovating property (e.g. Sales & Purchase Agreement, HDB Sales Order, Property Tax, CPF Property Withdrawal Statement, Title Deed)
  5. Copy of Renovation Quotation

B. Surety/Sureties

Requirements:

  • Singaporean
  • Age : 21 – 55 yrs old
  • Salary: $1,500

Required Documents

  1. NRIC Copy (front and back)
  2. For salaried employees,

    - latest pay slip and

    - latest 15 months CPF Contribution History

    - latest income tax notice of assessment (for loan amount above $10,000)

    For commissioned earners,

    - latest 6 months commission statement and

    - latest 2 years income tax notice of assessment

    For self-employed,

    - latest 2 years income tax notice of assessment.

Apply for the Best Renovation Loan in town today! Choose TCC Renovation Loan!

Why choose TCC Renovation Loan?

  1. We provide great financing for your renovation up to $30,000 with our renovation loan.
  2. If you are earning a minimum monthly basic salary of $1,200 and above, you will be eligible to apply for our renovation loan
  3. Rebates will be given if you apply for our renovation loan online.

Please submit all required documents to loan@tcc.org.sg

 

 

 

 

Apply Now!

  • Click the link below Application form
  • Fill up the application form
  • Print out and sign on the forms
  • Email the application form and documents to loan@tcc.org.sg or fax to 6738 1977.
    Alternatively, walk-in to submit at our office.
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