RHB Bank Singapore #hdfc #personal #loan


#renovation loan
#

PLR is Prime Lending Rate currently at 5.70% p.a. Rate is subject to change.

#Effective interest rate is inclusive of 1% processing fee

^ The calculation is for illustrative purposes only. The figures (round off to the nearest dollar) are computed based on the interest rates quoted and are subject to change when the interest rates change

Eligibility

Singaporean or Singapore Permanent Resident

21 to 55 years old

Main Applicant must be earning at least S$24,000 per annum

Joint Applicant (if any) must be gainfully employed and a spouse, parent, sibling, or child of the Main

Applicant

Either the Main or the Joint Applicant must be the owner of the property to be renovated

Documents Required

a) A copy of your contractor’s quotation/Invoice duly signed by Applicant(s) and Contractor(s)

b) Photocopy of NRIC (both sides)

Salaried Employee:

1) Latest Computerized Payslip OR

2) CPF Contribution Statement for past 12 months OR

3) Latest Income Tax Notice of Assessment (NOA)

Variable Income/Commission Based Earner:

1) Latest 6 months Computerized Payslip OR

2) CPF Contribution Statement for past 12 months OR

3) Latest Income Tax Notice of Assessment (NOA)

Self-Employed:

1) Income Tax Notices of Assessment (NOA) for past 2 years

d) Proof of ownership on property to be renovated e.g. HDB Letter of Approval/Flat Information, CPF

Property Withdrawal Statement, Certificate of Title (for private property), Sales and Purchase

Agreement, property tax bill, etc.

e) For joint application: Proof of relationship for joint application e.g. marriage/birth certificates

f) For Furnishing Loan. Copy of receipt/invoice of fittings purchased under the Main Applicant’s Name for

disbursement of loan

Important Information


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