When you’re ready, prepare your documents—things like your ID, income proof, and renovation quotation. Lenders usually want to know your monthly salary and check if you can pay back the loan ...

But since renovation loans are capped at what your contractor quotes (or a max of $30,000), you won’t be tempted to take on excessive debt. Situation #4 “I want to finance both renovation and ...

The quotation from your ID arrives. Not to be a downer here, but the average renovation cost for a new 4-room flat is about S$52,500 to about S$66,000. I know—I’m crying too. So unless you’re already ...