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Best Licensed Moneylender Pte Ltd | License No. 54/2025
Updated 13 June 2025
A renovation loan is a type of personal loan designed to provide financial assistance for home or property improvements. Whether you are renovating a single room, upgrading your kitchen, or adding new features to your property, a renovation loan gives you the flexibility to cover various costs, including labor, materials, and design fees. This loan is typically unsecured, meaning you don't need to provide collateral, and it comes with a fixed interest rate and repayment terms that fit your financial situation. Renovation loans are ideal for homeowners who need fast access to funds without going through lengthy procedures or high-interest credit cards. The amount you can borrow is generally based on your annual income and the scope of your project. In Singapore, licensed moneylenders like Best Licensed Moneylender provide quick, hassle-free renovation loans, with approval in as little as 20 minutes. The process is straightforward—apply online using MyInfo, receive an instant decision, and access your funds within the same day. Our loans come with clear, transparent terms, ensuring no hidden fees and no surprises. Renovating your property should be an exciting journey, and our renovation loans make it easy to fund your dream project without financial stress. With flexible repayment options and low-interest rates, you can manage your renovation costs with confidence, transforming your home or office with minimal disruption to your budget.
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disbursed
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Find the Best Loans with Best Licensed Moneylender
How much do you want to borrow?
$2,000
$1000
$100k
Term (months)
6 months
1 mth
36 mths
Interest % (Monthly)
Total Payment
$0Monthly Installment
$0Total Interest
$0
A renovation loan offers a straightforward solution for financing your property upgrades without draining your savings or relying on credit cards. Whether you're remodeling your home, adding a new room, or updating your kitchen, this loan provides the funds you need quickly and efficiently.
With a licensed moneylender like Best Licensed Moneylender, applying for a renovation loan is simple and hassle-free. We offer fast approval, clear loan terms, and competitive interest rates. The application process is streamlined via MyInfo, allowing you to get approved in minutes and access your funds on the same day. No collateral is required, and you’ll enjoy fixed monthly installments that fit your budget.
Our renovation loans can cover a wide range of expenses, from construction and material costs to contractor fees and interior design. Whether you’re upgrading your property for personal enjoyment or increasing its market value, we’re here to provide fast, secure, and transparent funding solutions. With our flexible repayment options, you can focus on your project without worrying about financial strain.
30-minuteLoan Approval
No GuarantorRequired
CashDisbursed on the spot
Licensedby Registry of Moneylender
Apply with Myinfo
Submit an application through Singpass Myinfo for fast processing within 3 minutes.
Book an Appointment
Receive same day in-principle approvals. Book your appointment with us today through Tidio at the bottom-right.
Receive Your Funds
Funds can be disbursed physically at the outlet, or through your preferred PayNow address.
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What is a renovation loan?
What is a renovation loan?
A renovation loan is a type of personal loan specifically designed to finance home improvements and renovations. It provides quick access to funds for upgrading your property, including construction, materials, and contractor services.
Who can apply for a renovation loan in Singapore?
Who can apply for a renovation loan in Singapore?
To be eligible, you must be a Singaporean citizen or Permanent Resident (PR), must be at least 21 and meet the minimum income requirements. Foreigners with valid work permits may also qualify, depending on their income.
What types of renovations can a renovation loan cover?
What types of renovations can a renovation loan cover?
A renovation loan can be used for a wide range of property improvements, including kitchen remodeling, bathroom renovations, room extensions, flooring upgrades, and more. The loan can cover both material and labor costs, ensuring your project is fully financed.
How much can I borrow for a renovation loan?
How much can I borrow for a renovation loan?
The amount you can borrow is typically based on your annual income. Licensed moneylenders in Singapore offer loans that can cover up to a certain multiple of your monthly salary, typically up to six times your income, subject to regulatory caps.
How long does it take to receive the loan funds?
How long does it take to receive the loan funds?
At Best Licensed Moneylender, once your loan is approved, you can receive the funds within the same business day via PayNow or in person at our office. We ensure a fast and efficient process to help you begin your renovations without delay.
Renovating your home or office can be an exciting but costly venture. Whether you're upgrading your living space, remodeling your kitchen, or refreshing your office environment, a renovation loan can provide the necessary financial support. At Best Licensed Moneylender, we offer tailored renovation loans that help you transform your property with ease and flexibility. Our renovation loans are designed to cover all your renovation needs, from minor repairs to extensive overhauls. With fast approval processes, transparent terms, and minimal paperwork, you can secure the funds you need to get started right away. Whether you're planning a small-scale renovation or a large project, we provide personalized loan options that fit your budget and repayment capability. Apply online today and get the funds you need to create your ideal space. At Best Licensed Moneylender, we ensure that your renovation journey is smooth, straightforward, and stress-free, with competitive interest rates and flexible repayment plans. Don't let financing hold you back from your dream renovation – apply now and watch your vision come to life!
Find the Best Loans with Best Licensed Moneylender
How much do you want to borrow?
$2,000
$1000
$100k
Term (months)
6 months
1 mth
36 mths
At Best Licensed Moneylender PTE LTD, we make loan applications simple and accessible. Whether you're a Singaporean, PR, or foreigner, we welcome you to apply — as long as you meet the basic eligibility criteria below:
At least 21 years of age
Proof of stable income
Besides banks, licensed money lenders are a great and legal alternative
to secure your loan in Singapore.
Last update 13 Jun 2025
Application Submitted in last 30 days
794
Processing Time average
33min
We are fully licensed by the Registry of Moneylenders and operate in compliance with the Moneylenders Act. This ensures you’re getting your funds from a legal, reliable, and transparent source.
Before offering any loan, we take time to understand your unique financial situation. Our team explains all terms and conditions clearly, so you know exactly what to expect. No jargon, no surprises—just honest, straightforward service.
We go beyond just providing funds. Our personalised loan solutions and responsive support show our commitment to your financial well-being and peace of mind. We listen, understand, and tailor our service to meet your needs.
We take your privacy seriously. Our team follows strict data protection policies to ensure your personal information, loan details, and identification documents stay safe, secure, and completely confidential.
The minimum requirements for applying for a loan depend primarily on your citizenship, income level and age. We welcome Singaporeans/PRs and foreigners.
Singaporeans/PR
Singaporeans or PRs need to present the following:
NRICSingPass login details for CPF, HDB, or IRAS verification Proof of income: CPF contribution history or latest 3 months’ payslipsForeigners
Foreigners need to present the following:
Valid Employment Pass, S Pass, or Work Permit with a minimum validity of 6 monthsPassportProof of income: Latest 3 months' payslipsEmployment contractFor Business Loans
If applying for a business loan, the following additional documents are required:
ACRA Business ProfileProfit and Loss (P&L) statement ACRA Income Tax Reporting SummaryProof of incoming fundsMost recent 6 months of business bank statementsRead latest below or check our reviews on Google
Apr 15, 2025
This is my first time taking money lender loans and the staff explained it to me so well which i am thankful for. good customer service as she guide me slowly step by step on the process. thank you for your help!
Apr 26, 2025
This is my first time going to Best Licensed Moneylender. I had a pleasant experience with Yan Ting as she was very clear and answered all my queries. Would definitely recommend this place to someone who needs quick cash
Apr 10, 2025
First time here. And honestly this was the first money lender I went to that feels so accommodating. The place is nice too. It was a fast transaction where you don’t have to sign any papers yourself. I would like to thank Starry for being nice and for explaining everything. Will recommend this place for sure.
May 21, 2025
First time engaging with Best Licensed, and I had a smooth experience. Special thanks to Mysta, who assisted me with my debt consolidation. She was articulate, attentive, and took the time to clearly explain all possible solutions. I truly appreciate her professionalism and patience. Highly recommend booking your next appointment with her at Best Licensed.
May 27, 2025
⭐️⭐️⭐️⭐️⭐️ Great Service Had a smooth experience with the loan process. Mysta was very professional and helpful — she explained everything clearly and made the process stress-free. Approval and disbursement were fast, just when I needed it most. Appreciate the support and transparency. Highly recommended!
Jun 06, 2025
How to Differentiate Licensed Moneylenders from Illegal MoneylendersProspective clients can identify licensed moneylenders through the presence of a Singpass application function. This is such as the installation of said function requires approval from the Ministry of Law – the regulator of licensed moneylenders in Singapore. At Best Licensed Moneylender in Singapore, we always advise our clients to submit applications via Singpass. Using Myinfo to retrieve your details, this also enables us to perform accurate assessments and provide faster in-principal approvals within 3 minutes.
Jun 06, 2025
Best Licensed Moneylender – Can I have more than one personal loan from licensed moneylenders?This Best Licensed Moneylender article aims to dispel misconceptions about personal loans from licensed moneylenders in Singapore.
Jun 06, 2025
Licensed Moneylenders: What You Should Know Before BorrowingBorrowing money can be challenging, particularly for newcomers from abroad. Even locals often face difficulties when seeking loans from traditional banks. However, the presence of a reputable licensed moneylender, whose operations are regulated by the Ministry of Law, provides a reliable and secure alternative for individuals in need of quick cash. Unfortunately, some locals and foreigners in urgent financial situations fall prey to loan shark offers. These illicit lenders engage in high-risk and unregulated activities, manipulating loan terms and pressuring vulnerable borrowers into making exorbitant payments. Moreover, they resort to harassment tactics against borrowers who default on payments, fail to meet their obligations or seek assistance from authorities. Therefore, it is essential to familiarize oneself with licensed moneylenders and exercise caution before borrowing from them.
Jun 06, 2025
How to Identify and Avoid Loan Scams in Singapore?Borrowing money becomes a necessity when the need arises, providing valuable financial assistance. However, it’s crucial to be aware that money scams are increasingly prevalent in Singapore. It is essential to stay vigilant and check for Singapore loan scams to avoid falling victim to fraudulent schemes that could lead to further debt. These scams often target vulnerable borrowers, emphasizing the importance of being informed about the tactics employed by con artists in today’s landscape. The Singapore Police Force reported that 1700 incidents involving at least $6.8 million in fraud were recorded between January and November 2019. All of them could have connections to illicit moneylending. Borrowers can protect themselves from loan scams by having proper knowledge and awareness. This blog post will guide you on identifying and avoiding loan scams in Singapore!
Jun 06, 2025
A Step-by-Step Guide to Applying for a Personal Loan in SingaporeSecuring a personal loan has become increasingly prevalent in Singapore. Unlike other types of loans, a personal loan is not backed by real estate or other assets. Instead, these loans rely on the borrower’s integrity and creditworthiness. However, if you’re new to the process, applying for a loan can be challenging. Once you have decided, you just have to find out where and how to apply for a personal loan. It’s important for you to know the right steps for a personal loan application. In this blog, we have compiled a list of some essential steps that make your personal loan procedure seamless!
