Home improvement loans are provided for remodeling, fixing, or enhancing residential property. The SBI home renovation loan interest rate is 9.15% to 9.55% for a maximum tenure of 30 years. The lowest possible EMI on this home improvement loan is ₹662. You can refer to this
SBI home loan sheetfor more details.
To avail of the Home improvement loan, you need the following documents.
Documents Needed For SBI Home Improvement Loan
These are the documents applicable to all applicants when it comes to SBI home improvement loans.
Fill out the loan application form along with 3 passport-size photographs.
For proof of identity, you can provide a copy of either an Aadhaar card, Driving license, or Voter ID card.
As address proof, you can submit a copy of either an electricity bill, water bill, passport, aadhaar card, etc.
You also need to submit your employer identity card.
A copy of your approved plan and registered development agreement of the builder.
Payment receipts or bank statements showing all payments made to the builder.
Last 6 months' bank account statement for all bank accounts of the applicant.
Copy of form 16 for the last 2 years or IT returns of the past 2 financial years.
Last 3 months salary slips for salaried individuals.
Business address proof, IT return for last 3 years for non-salaried individuals.
Hopefully, now you know about the home renovation loan interest rate SBI. You can also learn about the SBI home improvement loan interest rates from the official bank website.
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What Is SBI Home Renovation Loan Interest Rate?
Ritu
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2023-12-27T08:22:07+00:00 2023-12-27T09:42:25+00:00Comment
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