• CIMB Renovation-i Financing

With the right renovation to your apartment, you too can feel like you've got your very own Hollywood mansion.

Allow us to assist with that, with rates as low as 4.20% p.a. (EPR 4.61% p.a.) on our Renovation-i Financing.

It's time to start picturing your dream home.

Attractive Rates!

 

 

Enjoy some of the lowest rates in town at 4.20%^ p.a. and 1% processing fee (EPR 4.61% p.a.)! CIMB Renovation-i Financing will give you the peace of mind you need, letting you focus on perfecting your dream home.

1 Day In-Principal Approval!

 

Get an approval in-principle on your application in just 1 day+! We're the only bank to do so!

Choice Of Financing Amount

 

Enjoy a financing amount between S$10,000 and S$60,000 (for Joint Applications) with CIMB Renovation-i Financing to best suit your needs. The sky's the limit! 

Flexible Financing Tenures!

 

With financing tenures between 1 to 5 years, have the flexibility to choose the duration that best suits your financial needs.

Covers All Renovation Needs

 

CIMB Renovation-i Financing covers all types of residential properties, whether they are completed or still under construction.

CIMB Renovation-i Financing is Singapore's 1st Shariah-Compliant Renovation-i Financing and uses the Shariah concept of Murabahah.

Here is an example of the rates and monthly instalments you will pay, based on a financing amount of S$25,000.

Financing Tenure (Years) Monthly Rest Profit Rate^
(p.a)
Processing Fee Effective Profit Rate 
(p.a)
Monthly Instalment Amount*
1 4.33%
(CPR-1.17%)

1% of the approved financing amount (deducted upon financing disbursement)

6.21% S$2,133
2 4.33%
(CPR-1.17%)
5.31% S$1,090
3 4.33%
(CPR-1.17%)
5.00% S$742
4 4.20%
(CPR-1.30%)
4.71% S$567
5 4.20%
(CPR-1.30%)
4.61% S$463

SMS

Send an SMS registering your interest to 72008:

CIMBRENO<space>WS<space>Your Name
(e.g. CIMBRENO WS Nicholas Tan)

Alternatively, you may download our printable Application Form below:

OR Let Us Call You!

Residential Status

  • Singaporeans and Singapore Permanent Residents only.

Age Requirement

  • 21 to 55 years old.

Minimum Financing Amount

  • S$10,000

Income Requirement

  • Annual income of S$24,000 for single and/or joint applicants. Joint applicants must be immediate family members (parent, spouse or sibling).

Documents Required

  • Photocopy of NRIC (front and back)
  • Completed application form duly signed by applicant(s)
  • Original contractor's contract/invoice duly signed by applicant(s) and contractor
  • Proof of ownership of property to be renovated
  • Proof of billing (cable TV, internet or utility bills, any bank statements)
  • Proof of Relationship between Principal and Joint applicant (marriage certificate OR birth certificates)

Income Documents For Salaried Employees

  • Latest 3 months computerised/electronic payslip OR
  • Last 12 months CPF contribution history statement OR
  • Latest Income Tax Notice of Assessment

Income Documents For Commission-Based / Variable Income Earners

  • Latest 2 years computerised/electronic employer’s commission statements OR
  • Last 2 years Income Tax Notice of Assessment

Income Documents For Self-Employed Applicants (Applicant Must Be In Their Current Business For 2 Years)

  • Last 2 years Income Tax Notice of Assessment

Click here to see our Fees & Charges for CIMB Renovation-i Financing.

#Terms & Conditions Governing the Renovation-i Financing granted by CIMB Bank Berhad (Singapore Branch) apply. Click here to view the full Terms & Conditions.

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

^CPR is CIMB Prime Rate currently at 5.50%  p.a. 4.20% p.a. (EPR 4.61% p.a.) is the lowest rate being offered based on 5-year financing tenure. Profit rates are subject to change at CIMB Bank’s sole discretion without prior notice.

+1 day in-principle approval is only valid if the completed application form and required documents are submitted on a working day (excluding Saturdays, Sundays and Singapore Public Holidays). Approval in-principle is subject to further assessment and is not the final and formal approval by the Bank.

#Terms & Conditions governing the CIMB Renovation-i Financing Online Promotion apply. Click here to view the full Terms & Conditions.

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

^CPR is CIMB Prime Rate currently at 5.50%  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.

+1 day in-principle approval is only valid if the completed application form and required documents are submitted by 4pm on a working day (excluding Saturdays, Sundays and Singapore Public Holidays). Approval in-principle is subject to further assessment and is not the final and formal approval by the Bank.

#Terms & Conditions governing the CIMB Renovation-i Financing Online Promotion apply. Click here to view the full Terms & Conditions.

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

^CPR is CIMB Prime Rate currently at 5.50%  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.

+1 day in-principle approval is only valid if the completed application form and required documents are submitted by 4pm on a working day (excluding Saturdays, Sundays and Singapore Public Holidays). Approval in-principle is subject to further assessment and is not the final and formal approval by the Bank.

#Terms & Conditions governing the CIMB Renovation-i Financing Online Promotion apply. Click here to view the full Terms & Conditions.

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

^CPR is CIMB Prime Rate currently at 5.50%  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.

+1 day in-principle approval is only valid if the completed application form and required documents are submitted by 4pm on a working day (excluding Saturdays, Sundays and Singapore Public Holidays). Approval in-principle is subject to further assessment and is not the final and formal approval by the Bank.

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