offspring 0 Report post Posted March 17, 2011 what is the interest rate? RHB Bank Rate is at 2.98%pa flat rate. Monthly installment is $574.50 based on $30,000, 5 years loan tenure. Thanks! =) Share this post Link to post Share on other sites
daniu82 0 Report post Posted April 3, 2011 Please do not try applying for reno loan from DBS!! They are sooooooo slow in doing my application..... I submitted my application on 12 Mar, got rejected on the 16th regarding quotation, resubmitted quotation on 25th, now is 3rd Apr and still not approved.... Anybody got bad experience from them? Share this post Link to post Share on other sites
noobsea 0 Report post Posted April 5, 2011 it depends on how much you need for your renovation amount. Like for mine case, my renovation quote came up to 33k but RHB only loan a max of 30k. So I found out that actually DBS can do individual reno loan of up to a max of 30k. So me and hb loan 20k each from DBS at the rate of 5.8% and can early redeem this whole loan at the rate of 1%. hope it helps. Share this post Link to post Share on other sites
dean 5 Report post Posted April 5, 2011 how much ur monthy installment? tedious? Share this post Link to post Share on other sites
JCase 0 Report post Posted April 7, 2011 Hi, i am a banker from Maybank who is doing renovation loan, can i offer some help to your renovation question? from the question you posted yes is truth that you can only get one renovation loan from one bank on a single property, you can't get two renovation loan from two different bank on a single property at the same time. cos if any bank find out both bank have the right to call back the loan immediately. I've asked a loan specialist about this and it is not true I'm told. Same situation, I apply personal loan from 1 credit card means and I can't get loan from different cerdit card / bank? Share this post Link to post Share on other sites
JCase 0 Report post Posted April 7, 2011 it depends on how much you need for your renovation amount. Like for mine case, my renovation quote came up to 33k but RHB only loan a max of 30k. So I found out that actually DBS can do individual reno loan of up to a max of 30k. So me and hb loan 20k each from DBS at the rate of 5.8% and can early redeem this whole loan at the rate of 1%. hope it helps. Front end handling fee of 2%. So if you takeing max of 60K it's 1.2K for them to approve your loan. Share this post Link to post Share on other sites
UgeneLim 0 Report post Posted July 4, 2011 If you do need extra option do pm me. Share this post Link to post Share on other sites
snaem85 1 Report post Posted July 7, 2011 does RHB and MAYBANK still offer the renovation loan at 'bestest' rate? Share this post Link to post Share on other sites
effeminate 0 Report post Posted July 9, 2011 does RHB and MAYBANK still offer the renovation loan at 'bestest' rate?i think both bank still the have the best rate in the market. Share this post Link to post Share on other sites
Richardpeh 0 Report post Posted September 11, 2014 Get id to apply renovation loan or apply renovation loan on your own safer? Share this post Link to post Share on other sites
andye2SG 4 Report post Posted June 8, 2017 Any idea besides 4 commercial banks offers renovation loan? Because just Google around I've found 1 Co-op offers that but must be a member. You may check it out here. Share this post Link to post Share on other sites
AndreaLee 3 Report post Posted April 17, 2018 If anybody is still looking for any Renovation loans, do pm me. Share this post Link to post Share on other sites
Waniiee 0 Report post Posted August 31, 2018 Hi.. Im bought a resale flat recently and ID applied for us maybank,CIMB & RHB but maybank very fast reject. After weeks CIMB no call, letter come got rejected too. RHB no news for now. I heard from 1 of a banker that too many enquiry but most are our self enquiry and supposedly bank shouldn't take that in a count right.? Need an advise. Pls help. Thanks Share this post Link to post Share on other sites
