Solar loan: easy steps and low EMI

The loan in short

• Homes up to 3 kW: collateral-free loan at around 7% interest (scheme rate).
• Bigger systems: bank loan on the bank's normal terms.
• The government subsidy still comes to your own bank account.
• Applicant above 65: a family member joins as co-applicant.

Steps

1. 1
   Choose "Bank loan" in your proposal or registration
2. 2
   Upload loan documents

   Aadhaar, PAN, light bill, bank passbook, property proof. The bank may ask for income proof.

3. 3
   We file the loan with you

   Through the PM Surya Ghar portal (linked to the government loan portal) or your bank branch.

4. 4
   Bank checks and sanctions the loan
5. 5
   Installation; bank pays us in parts

   Usually most of the amount at installation and the balance after commissioning, as per the bank. You pay only the EMI.

6. 6
   Bill drops, subsidy arrives

   Your saving on the light bill helps pay the EMI.

EMI calculator

Example only. The bank fixes the amount, rate and years. Around 7% is the scheme rate for homes up to 3 kW.