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A home loan is financing secured against residential property. It can be used to purchase a new home or fund improvements to a property you already own.
Banks typically dominate this space, but their approval process stretches over weeks—sometimes months. A private home loan from a licensed money lender offers quicker access to funds when timing matters.
The application runs through SingPass with MyInfo auto-filling your details. You’ll receive an approval decision within 8 minutes via SMS. All interest rates and fees comply with Ministry of Law regulations, and every charge is disclosed before you commit.
For homeowners looking to upgrade their living space, a home renovation loan provides dedicated financing for remodelling, repairs, or improvements without touching your savings.
Log in via SingPass and your information populates automatically. Enter your desired home loan amount and preferred tenure.
Receive your approval decision via SMS within 8 minutes. No waiting days for credit committees.
Visit our outlet for identity verification, sign your loan agreement, and access your funds immediately.
Property financing demands move faster than bank approval timelines. Licensed money lenders offer regulated protection with the speed your transaction requires.
Bank mortgage approvals drag on for weeks. Our assessment delivers your answer via SMS within 8 minutes of submitting. You’ll know quickly whether to proceed or explore alternatives.
Property transactions often have tight deadlines. Once approved, complete verification at our outlet and access your funds the same day. Meet deposit deadlines without scrambling.
Interest rates, fees, and repayment schedules are disclosed before you sign anything. No surprises mid-way through your loan. What we quote is what you pay.
Property purchases and renovations require substantial capital. A home loan in Singapore gives you structured financing that spreads costs over time, making major investments more manageable.
Paying for property outright isn’t realistic for most buyers. A home loan distributes the cost across years, letting you secure housing now while repaying in instalments that align with your income. This preserves cash for other needs—furniture, moving costs, emergency funds.
Fixed repayment amounts make budgeting straightforward. You know exactly what leaves your account each month, with no fluctuations catching you off guard. This stability helps couples and families plan their finances with confidence.
Already own your home but need funds for upgrades? A renovation loan covers remodelling projects, structural repairs, or room additions. Update your kitchen, fix roofing issues, or expand living space without depleting savings you’ve built for other goals.
Every rate and fee follows Singapore’s legal limits for licensed money lenders. Maximum 4% monthly interest. Late fees capped at S$60. No hidden charges surfacing after you’ve signed. You see the full cost upfront and can compare against other options.
Property transactions move fast. Option to Purchase agreements expire. Renovation contractors need deposits to start work. A home loan with same-day disbursement means you can meet payment deadlines without losing opportunities or delaying essential work.
Draining your savings for a property purchase or major renovation leaves you exposed when unexpected expenses hit. A home loan keeps your emergency fund intact while you secure housing or improve your living space. You handle the investment now, maintain financial cushion for later.
Different situations call for different solutions. Explore our other lending options.
A private home loan is property financing provided by a licensed money lender rather than a bank. It can be used for purchasing residential property or funding renovations to an existing home.
The main difference from bank mortgages is speed. Banks take weeks or months to process applications through credit committees and extensive documentation reviews. Licensed money lenders can assess and approve applications much faster—often within the same day.
A home renovation loan is financing specifically for improving or remodelling your existing property. This includes kitchen upgrades, bathroom remodelling, room extensions, structural repairs, roofing work, flooring replacement, or full home makeovers.
You don’t need to be purchasing a new property to qualify. Homeowners use renovation loans to upgrade their living space without depleting savings or liquidating investments.
To qualify for a home loan with Crawfort, you need to:
Your borrowing limit depends on your annual income. Singaporeans and PRs earning $20,000 or more annually can borrow up to 6 times their monthly income. Those earning below $20,000 can borrow up to $3,000.
Loan amounts are regulated by Singapore law based on income:
Singaporeans and Permanent Residents:
Foreigners:
For larger property purchases, you may need to combine a licensed money lender loan with other financing sources. Discuss your specific situation with us to explore options.
All licensed money lenders in Singapore must follow legal caps set by the Ministry of Law:
Interest:
Permitted Fees:
No other charges are permitted. Compare total costs across lenders before committing—small rate differences add up over longer loan tenures.
The process works in three stages:
If you complete all steps the same day, you can have funds within hours. This speed is useful when property transactions have tight deposit deadlines.
For your verification appointment, bring:
For property purchase loans:
For renovation loans:
Self-employed applicants should provide additional income documentation such as tax filings or business bank statements.
Yes. Singapore’s Ministry of Law requires all licensed money lenders to verify borrower identity face-to-face at their approved place of business before disbursing any loan.
This protects both parties from fraud and ensures you fully understand the loan terms. Once verification is complete and you sign the agreement, funds are released immediately.
We offer flexible repayment schedules:
Make payments at any AXS or SAM machine across Singapore, available 24/7. No need to visit our office for routine repayments.
Choose a tenure that balances monthly affordability with total interest cost. Longer tenures mean smaller monthly payments but more interest overall. Shorter tenures cost less in total but require higher monthly commitments.
Home loans from licensed money lenders are primarily designed for residential purposes—your own home or renovations to property you occupy. Investment property financing may have different requirements.
Contact us to discuss your specific situation. We can advise whether your intended use qualifies and what documentation would be needed.
A bridge loan is short-term financing that covers the gap when you’re selling one property while purchasing another. Property transactions rarely align perfectly—you may need to pay for your new home before receiving proceeds from your sale.
A bridge loan provides temporary funds to complete your purchase. Once your old property sells, you repay the bridge loan from the sale proceeds.
Check your loan agreement for early repayment terms. If no prepayment penalty applies, paying ahead of schedule reduces your total interest cost.
For longer-tenure home loans, early repayment can save substantial amounts. Even partial prepayments—paying extra when you have surplus funds—reduce your outstanding principal and the interest calculated on it.
Late payments incur:
Property-secured loans carry additional risks. Persistent default may lead to legal action and, in secured loan arrangements, potential claims against the property.
If you anticipate difficulty making a payment, contact us before the due date. Addressing problems early gives more options than ignoring them.
aking any loan creates a new entry on your credit record. Initially, the credit inquiry and new debt may cause a slight dip in your score.
Long-term impact depends on repayment behavior:
A well-managed home loan demonstrates financial responsibility to future lenders—useful if you apply for additional financing later.
Ready to take up a personal loan? Create a wiser decision, learn more about personal loan options
Taking a personal loan in Singapore can help you to achieve your goals. It is also an ideal solution for your immediate need for cash. But, if this is your first time to take a personal loan, it is essential to get guided.
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