☀️ Solar Financing Options
Solar Panel
Loan Options
Explore residential rooftop solar loans, PM Surya Ghar financing,
business solar finance and the key eligibility, documentation
and repayment considerations before choosing a loan.
Financing at a Glance
Choose the Right
Solar Finance
Loan terms, interest rates, margins, credit requirements and
approval are decided by the respective lender and can change.
🏠
₹6 Lakh
SBI Surya Ghar loan maximum for eligible residential rooftop solar
⏳
Up to 10 Years
Maximum SBI repayment period including applicable moratorium
💳
10% Margin
SBI minimum upfront margin under the published Surya Ghar product
🏢
Business Finance
Solar term-loan options are also available for eligible enterprises
Residential Rooftop Solar
Home Solar
Loan Options
For eligible residential consumers, dedicated rooftop-solar
financing can reduce the upfront amount required for installation.
🏦
SBI Surya Ghar Loan
SBI's dedicated PM Surya Ghar rooftop-solar finance product
is available to eligible resident individual applicants.
- Maximum loan: up to ₹6 lakh.
- For eligible rooftop solar installations up to 10 kW.
- Minimum 10% project-cost margin.
- Maximum tenor: 120 months including moratorium.
- Processing fee: Nil according to SBI's published product page.
🏠
PNB Rooftop Solar Loan
Punjab National Bank publishes a residential rooftop-solar
financing scheme for eligible homeowners.
- Maximum loan: up to ₹6 lakh.
- Rooftop solar capacity up to 10 kW.
- Up to 3 kW: maximum loan up to ₹2 lakh.
- Above 3 kW and up to 10 kW: maximum loan up to ₹6 lakh.
- Published margin: 10% up to ₹2 lakh and 20% above ₹2 lakh.
📋
Compare Other Bank Loans
Customers can also compare eligible solar or green-energy
finance products from other regulated lenders.
- Compare total interest cost, not only the headline rate.
- Check processing, documentation and insurance charges.
- Check prepayment and foreclosure conditions.
- Confirm whether the lender accepts the intended vendor/EPC.
Published Product Details
SBI Surya Ghar
Finance Snapshot
The following figures are from SBI's published product information
and should be rechecked with SBI before application.
Residential Rooftop Solar Finance
SBI currently publishes two loan bands: up to ₹2 lakh and
above ₹2 lakh up to ₹6 lakh. The lender states that the
interest rate is floating and the applicable rate can change.
Resident Individuals
Up to 10 kW
10% Margin
Up to 120 Months
No Processing Fee
Loan up to ₹2 lakh
5.75% p.a.*
Loan above ₹2–6 lakh
7.90% p.a.*
Maximum loan
₹6 lakh
Maximum repayment
120 months
*Rate note:
SBI's published page currently shows 5.75% p.a. for loans up to
₹2 lakh and 7.90% p.a. for loans above ₹2 lakh up to ₹6 lakh.
These are floating rates and may change. The exact sanctioned rate
and loan terms must be confirmed with SBI at the time of application.
Side-by-Side
Residential Loan
Comparison
| Feature |
SBI Surya Ghar |
PNB Rooftop Solar |
| Purpose |
Residential rooftop solar |
Residential rooftop solar |
| Maximum Loan |
₹6 lakh |
₹6 lakh |
| Eligible Capacity |
Up to 10 kW |
Up to 10 kW |
| Up to 3 kW |
Loan up to ₹2 lakh |
Loan up to ₹2 lakh |
| Margin |
Minimum 10% |
10% up to ₹2 lakh; 20% above ₹2 lakh |
| Processing Fee |
Nil according to published SBI product |
Nil according to published PNB scheme |
| Income Requirement |
No minimum stated up to ₹2 lakh; ₹3 lakh minimum above ₹2 lakh |
No minimum stated up to ₹2 lakh; ₹3 lakh minimum above ₹2 lakh |
| Credit Requirement |
No minimum CIBIL stated up to ₹2 lakh; 650+ above ₹2 lakh |
Published eligibility specifies CIBIL 680 or equivalent |
| Repayment |
Maximum 120 months including moratorium |
6-month moratorium; repayment subject to bank terms |
Commercial & Industrial
Business Solar
Loan Options
Businesses, MSMEs and other eligible entities may need a
different financing structure from a residential rooftop loan.
🏭
PNB Solar Energy Scheme
PNB publishes a solar-energy financing scheme for eligible
MSMEs and non-MSME enterprises installing rooftop or
ground-mounted solar units for existing business use.
- Term-loan facility for fixed-asset creation.
- No minimum loan amount; maximum is need-based.
- Minimum 20% margin.
- Maximum tenure: 10 years including moratorium.
- Concessional rate linked to internal risk rating.
- Applicable security / guarantee conditions must be checked with PNB.
📈
MSME Solar Finance
For factories, shops, offices and other eligible commercial
users, solar can be financed as a business fixed asset.
- Evaluate expected electricity savings.
- Compare loan EMI with projected monthly savings.
- Check collateral and guarantee requirements.
- Review tax and accounting treatment with your CA.
⚡
Project-Based Finance
Larger solar installations may require a customised
term-loan or project-finance structure rather than a
standard residential solar loan.
- Detailed project report may be required.
- DISCOM / net-metering feasibility may be relevant.
- Debt-service capacity is evaluated by the lender.
- Final terms depend on project and borrower profile.
Keep These Ready
Common Loan
Documents
Exact documents vary by lender, loan amount and borrower profile.
🏠 Residential Applicants
- KYC documents.
- Latest electricity bill.
- Roof ownership / rooftop rights as required.
- PAN where applicable.
- Income proof for higher loan bands where required.
- Solar vendor quotation / invoice and required feasibility documents.
🏢 Business / MSME Applicants
- KYC and entity constitution documents.
- GST / Udyam registration where applicable.
- Financial statements and income-tax records as required.
- Solar project quotation and technical details.
- DISCOM / net-metering feasibility or approvals where applicable.
- Security / collateral documents as required by the lender.
Application Journey
How Solar
Loan Works
1
Estimate
Choose the required solar capacity and obtain a project quotation.
2
Check Subsidy
For eligible residential projects, complete the applicable PM Surya Ghar process.
3
Compare Loan
Compare rate, margin, fees, tenure, credit criteria and total repayment.
4
Apply
Submit the application and documents to the selected lender.
5
Install
After lender / scheme requirements are completed, installation and disbursement proceed as applicable.
Before You Sign
Important Loan
Points
📊
Compare Total Cost
A lower advertised interest rate does not always mean the
lowest total borrowing cost. Check processing charges,
insurance, margin, tenure and prepayment conditions.
💰
Subsidy Is Not Extra Income
Eligible PM Surya Ghar subsidy is processed under the
applicable government mechanism. Where a lender requires
the subsidy to be credited to the loan account, it can
reduce the outstanding loan balance.
🔎
Approval Is Not Guaranteed
Loan approval, sanctioned amount, interest rate, security,
tenure and other conditions are decided by the lender after
its credit and eligibility assessment.
Important financial disclaimer:
This page is for general information only and is not a loan offer,
financial recommendation or guarantee of approval. Loan figures,
interest rates, eligibility, margins, fees and terms are based on
lender-published information available when this page was prepared
and may change without notice. Customers should confirm the latest
terms directly with the respective bank before applying. JRD Solar
Industries Pvt. Ltd. is not representing itself as a bank or lender
through this page.
Planning Solar on EMI?
Get your solar project quotation first, then compare the
applicable loan options, subsidy eligibility and total
repayment before choosing a lender.
