A1 Credit SG Pte Ltd is a licensed moneylender (License No. 13/2024) listed in the Registry of Moneylenders, under the Ministry of Law in Singapore.

Renovation Loan Singapore

Need funds for home maintenance and remodeling? A1 Credit offers fast and convenient financial assistance to turn your current home into your dream home.

  • Low-interest rates from 1% to 4%
  • Flexible repayment terms from 6 – 12 months
  • Borrow up to 6 times your monthly salary
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Apply For a Fast Cash Loan Online

Get your approval in 30 mins by applying here

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Turn Your Dream Home Into Reality With A1 Renovation Loan.

Renovations and home maintenance do not come cheap. A1 Credit offers short-term loans to help you finance extensive renovations of both new and existing homes.

One of the biggest advantages of our home renovation loan is that we offer flexible repayment terms with low interest. With our fast and hassle-free approval, you can quickly improve your cash flow and start renovating!

Why Choose Us for the Best Renovation Loan in Singapore?

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Flexible Repayment Terms

Our loan repayment tenure typically ranges between 6 to 12 months with fixed monthly repayments

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Fast Approval

Simply submit your application online, wait for our loan officers to contact you, and you can get your funds within the same day

Your Money Woes Sorted Within The Day

Step for Apply

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Submit your application here.

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Visit the office

Upon assessing your case, our loan officer will offer you an amount and explain the terms and conditions of the loan for your understanding.

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Signing the Loan Agreement with the Moneylender

Once you agree to the loan amount and repayment terms upon discussion, our loan officer will print out the contract for you to sign.

Get your Cash Loan

Once the contract is signed, you will receive the cash instantly, hassle-free.

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Age 21 and Above Age: 21 Years and above
coin 3 Singaporeans: Min Monthly Income of SGD $2,000
Foreigners: Min Monthly Income of SGD $3,000
• No loan with other moneylenders
• Home owner must be invloved in the loan
• Contractor's quotation or invoice signed by
  customer and contractor
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In order to qualify for a loan with us, you need the following documents:
  1. Identity card / NRIC
  2. Proof of residence (utility bill, a letter addressed to you, and/or tenancy agreement)
  3. Proof of employment (certificate of employment or 3 months recent payslip)
  4. SingPass (to log into IRAS website)



In order to qualify for a loan with us, you need the following documents:
  1. Passport
  2. Work Permit / S-Pass / Employment Pass
  3. Proof of residence (utility bill or tenancy agreement)
  4. Proof of employment (certificate of employment or 3 months recent payslip)
  5. Proof of income (bank or account statement)
  6. SingPass (to log into the IRAS website)

Google Reviews

Google 4.9 Stars

A1 Credit has always made our customers our priority, and we are very grateful that our efforts are recognized. These are just some of the comments we’ve received over the years on Google Review.

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Apply for the Best Home Renovation Loan With the Top Licensed Moneylender in Singapore!

We offer flexible loan plans at low interest!


Renovation Loan FAQ

Home renovation loans are designed specifically to finance your home renovations. It is different from a home loan which is used to fund the purchase of your property and you can take it from a bank or the Housing Development Board (HDB).

A renovation loan is also different from a personal loan. With personal loans, you can use the funds for any expenses that will help your personal circumstances. As such, renovation loans come with certain restrictions on the types of enhancements you can use the funds to pay for.

In terms of interest rates, most banks offer promotional interest rates for existing home loan customers.

When you take up a home renovation loan with A1 Credit, you can borrow up to 6 times your monthly income if yearly earning is at least S$20,000. The loan tenure ranges from 6 to 12 months at interest rates between 1% to 4% per month.

The renovation loan can be used for:

  • Electrical and wiring works
  • Installation of built-in cabinets
  • Flooring and tiling
  • Bathroom fittings
  • Painting and redecorating works
  • Structural alterations
  • External works within the compound of your property

Before you start shopping for the best renovation loan plan, consider these few tips:

  • Get a quote from your contractor: Banks and licensed money lenders alike will require the contractor’s quotation and invoice when you apply for a renovation loan. Plus, by getting a quote, you will have an idea of how much you need to borrow. 
  • Research and compare raw materials: Another way to keep your renovation loan low is to choose economical and practical raw materials instead of premium materials. For instance, instead of a luxurious marble kitchen top, you can choose to go for a Slate countertop.
  • Renovate in stages: To lower the total loan amount and lower your monthly repayments, you can plan your renovations in stages. Start with the essentials, such as bathroom fittings or structural alterations. You can take your time to save up on subsequent renovation works, such as built-in cabinets, feature walls, and more.
  • Can you afford to repay it? Understand the term of the loan, from its monthly repayment schedule, interest payments, loan amount, and other fees. Even when borrowing, working out a budget is necessary. Take note that loans should be within a borrower’s means. Avoid overspending and control your cashouts.
  • Licensed moneylenders also always have you sign a contract: It must be a printed copy and include details on the interest rate, late payment fees, the loan repayment period, and all the necessary information.
  • Verify if the moneylender is licensed by the Ministry of Law and is fully compliant with the Moneylenders Act, like A1 Credit. Remember that Singapore law requires licensed moneylenders to explain the terms of your renovation loan in a language clients can easily understand. Ensure you fully understand the terms of the contract, from the repayment schedule, renovation loan interest rate as well as other fees. 

Some of the best renovation loans offered by banks and other financial institutions have a maximum loan amount of 4x of monthly salary or 10x if the annual income is at least S$120,000.

Licensed moneylenders like A1 Credit lets you borrow up to 6 times your monthly income if you are earning an annual salary of at least S$20,000. Best of all, you can still take a renovation loan if your annual income is less than the said amount.

The amount of money you can loan varies depending on the legal requirement and qualifications. Here’s the list of loanable amount A1 Credit offers:

  • Bridging Loan – SGD $5,000 to $200,000
  • Business Loan – SGD $10,000 to $200,000
  • Foreigner Loan – SGD $500 to $30,000
  • Payday Loan – Up to one month worth of income
  • Personal Loan – SGD $500 to $50,000

The home renovation costs will vary depending on a lot of factors. For instance, it will depend on the size and extent of the renovation required.

The average cost of renovating a 4-room resale HDB flat is approximately S$45,600. This cost includes the raw materials required as well as the labor required to complete the renovation project.

If money is an issue, take into account the raw materials used in your renovation process. Look for cheaper yet still high-quality alternatives. Aside from raw material costs, you can also consider completing parts of the renovation works (non-structural) yourself to save on labor.

While most banks and financial institutions require at least a day for renovation loan applications to be approved. Licensed money lenders, such as A1 Credit can assure you that you can get your cash as quickly as possible! You can get approval for your loan application within 30 minutes. However, it’s possible that we may ask for additional documents or information from you, which may affect the length of your loan approval time.

Established in 2009, A1 Credit has more than a decade of experience in the money lending business. We are licensed and regulated by the Ministry of Law and fully compliant with the Moneylenders Act. Fully recognized as one of the most reliable licensed moneylenders in Singapore, we ensure quality service for our clients.

We offer fast and hassle-free applications for your tailored loan packages. We also have a team of knowledgeable loan officers to help you with your financial struggles while ensuring a smooth transaction. Our three strongest points include low-interest rates, flexible payment plans, and fast cash loan disbursement.


Get preliminary approval in 30 minutes by applying here
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