• Renovation Loan Calculator

IMPORTANT NOTICE AND DISCLAIMER

The computations and results are for illustrative purposes only and must not be relied upon as advice or an offer of the quoted rates. They do not have any regard to your specific investment objectives, risk profile, tax, accounting or financial situation or any other need(s) or circumstances. CIMB does not represent or warrant that the computations or results from the calculator(s) are complete, accurate, adequate or an official projection by the bank. There are assumptions, projections, limitations and difficulties in using any graph, chart, formula or other devices to determine financing decisions. Therefore, computations or results may vary, be inaccurate or inapplicable. CIMB makes no warranty whatsoever and accepts no liability or responsibility for any errors or omissions or any loss arising whether directly or indirectly as a result of any person acting on any information herein. We recommend that you seek advice from your personal banker before making any decision. Please call us at (65) 6333 7777 or approach our banks at any of our branches to learn more about which of our products and services best fits your needs. When you purchase any CIMB Bank product, we may not necessarily take your result from the calculator(s) into account.

By clicking on the Proceed button, I acknowledge that I have read, understood and agreed with the information provided above.

Proceed

Renovation Loan Calculator

This shows your monthly repayment, based on your loan amount.
Note: You may loan up to 6 times your monthly income or S$30,000, whichever is lower.

Loan Amount (S$)

Loan Tenure (Years)

Our minimum loan amount is S$10,000.

Our maximum loan amount is S$30,000.


Click here to visit the CIMB Renovation Loan page.

Calculate
Installment per Month
S$ 0

Interest & Repayments

Here is an example of the interest and monthly instalments you will pay, based on a S$10,000 loan.

Loan Tenure (Years) Monthly Rest Interest Rate^ (p.a) Processing Fee Effective Interest Rate(p.a) Monthly Instalment Amount*
1 2.98%
(CPR-2.52%)
1%

 

 

 

 

4.85%

S$847
2 3.87%
(CPR-1.63%)
S$434
3 4.18%
(CPR-1.32%)
S$297
4 4.34%
(CPR-1.16%)
S$228
5 4.44%
(CPR-1.06%)
S$187

Terms & Conditions

* The above monthly instalment amounts have been simplified for illustration purposes.

^CPR is CIMB Prime Rate currently at 5.5% p.a.. 2.98% p.a. is the lowest rate being offered based on 1-year loan tenure. Interest rates are subject to change at CIMB Bank’s sole discretion without prior notice.

Terms & Conditions apply. Click here to view the full Terms & Conditions.