State Bank of India
Public-sector bank · SBI Home Improvement Loan · Best rate currently: 9.50%
Interest rate
9.50% – 11.00%
Tenure
3 – 15 years
Max loan
₹30.0 lakh
Processing fee
Nil
Prepayment penalty
0.00%
Min credit score
700
About this loan
[PLACEHOLDER] SBI offers a Home Improvement / Home Renovation Loan eligible for RWH installations as part of broader home upgrades. Rates and terms reflect public disclosures; verify on the bank's portal before applying.
Documents required
- PAN
- Aadhaar
- Address proof
- Income proof (ITR or salary slip)
- Property documents
- Renovation quotation
Application steps
- 1Apply on SBI portal or branch
- 2Branch verifies KYC and quotation
- 3Sanction letter
- 4Disbursement to contractor or your account
EMI illustration
For a loan of ₹2,00,000 at 9.50% over 5 years, your EMI would be approximately:
₹4,200/month
Illustrative only. Final EMI depends on credit score, approved rate, and exact tenure. Verify on the bank's portal.
Disclaimer
RainbowHome is not a regulated lender. We surface rates and terms published by the lender; we do not collect KYC documents, do not process applications, and earn no spread on the loan. The "Apply" button below opens the lender's own page. Rates and terms shown are public information; verify on the bank's portal before applying.