Some of the best renovation loans offered by banks and other financial institutions have a maximum loan amount of 4x of monthly salary or 10x if the annual income is at least S$120,000. Licensed moneylenders like A1 Credit lets you borrow up to 6 times your monthly income if you are earning an annual salary of at least S$20,000. Best of all, you can still take a renovation loan if your annual income is less than the said amount. The amount of money you can loan varies depending on the legal requirement and qualifications. Here’s the list of loanable amount A1 Credit offers: Bridging Loan – SGD $5,000 to $200,000 Business Loan – SGD $10,000 to $200,000 Foreigner Loan – SGD $500 to $30,000 Payday Loan – Up to one month worth of income Personal Loan – SGD $500 to $50,000