Just got a quote today from DBS at 3.8%. The rates definitely going up quick. Last year I still can get quotes that are comparable or even lower than HDB loan, but don't think it's possible anymore going forward.
Interest rates for renovation loans getting higher
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by theOLtoh
ago
Hey everyone, I finally managed to get a finalised date for collecting the keys of my new flat. Speaking to a few ID now for confirmation and inquiring about getting a reno loan and I realised that the interest rates have gone up quite a bit compared to last year? Last year I remember still have banks offering around 2.XX% and this year even the lowest starts at 3.2%. Kinda pissed as it is HDB's fault for delaying our key collection for more than a year. I feel that the interest rates will continue to rise with the current turbulence and recession fears going on in the market. Anyone who took a reno loan could share more? Thanks!
1 reply to this topic
by Roadrider
ago
1
Interest rates for renovation loans getting higher
Updated on 6 May 2022
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