The SBI Solar Loan (called SBI Surya Ghar / Solar Rooftop Loan) this loan also considered as Muft Bijali Yojna as well to help you install solar panels on your house roof. So that you could generate your power consumption house hold energy.
This project, with an investment of over Rs. 75,000 crores for aiming to light up 1 crore households by providing up to 300 units of free electricity every month.
You should have saving bank account in SBI, however if a customer does not have Savings Bank account with SBI, she/ he can open a new Saving bank account and apply for the loan, female applicant can get extra subsidy for this loan.
Applicants who have sufficient roof area and roof top rights such as he/she has own house, can avail this loan for installation of solar roof top. the CIBIL score should be atleast 650 and above with clean profile and should not have any default on CIBIL is eligible for this loan.
Important Key Features of SBI Solar Loan
- The loan amount is between 2 lacs to 6 lacs.
- The maximum age of this loan is 65 years.
- All Indian residence can apply for this loan.
- The maximum subsidy amount is rs.- 78000/-
- Rate of Interest starts from 5.75% per annum.
- First time loan user can apply for this loan.
- Easy to process with quick disbursement option available.
Eligibility Criteria for SBI Solar Loan
- All Indian residents are eligibile to apply forloan
- Applying maximum age is 65 years but the loan should be re-paid before the age of 70 years.
- Applicant should have sufficient roof top area for getting solar loan.
- Applicant should have saving bank account with SBI along with latest electricity bill.
- Maximum re-payment period will be 10 years and loan must be closed before the age of 75 years.
- Maximum re-payment tenor will be 120 months along with No pre-payment penalty.
Interest Rates for SBI Solar Loan
| Loan Amount | Interest Rate Type | Rate Formula | Effective Interest Rate |
| Up to ₹2 Lacs | Floating Interest Rate | EBLR – 2.15% | 5.75% p.a. |
| ₹2 Lacs to ₹6 Lacs | Floating Interest Rate | EBLR + 0% | 7.90% p.a. |
Note – EBLR stands for External Benchmark Lending Rate (changes as per bank policy) where interest rates may vary slightly over time
How to Apply for SBI Solar Loan
Step 1- Registration
- Visit the official portal: PM Surya Ghar Portal
- Website: https://pmsuryaghar.gov.in
Step 2- Enter Basic Details
- Fill in details like:
- State & District
- Electricity Distribution Company (DISCOM)
- Electricity Consumer ID
- Mobile Number & Email ID
- Complete your registration
Step 3- Login & Approval
- Login again using your registered mobile number
- DISCOM will check feasibility (if required)
- You will receive an Application ID
Step 4- Apply for Loan
- Visit: JanSamarth Portal
- Website: https://www.jansamarth.in
- Login using your mobile number or email
- Select SBI Loan option
Step 5- Submit Required IDs
Enter:
- Application ID (from PM Surya Ghar portal)
- DISCOM ID
- Mobile Number
Step 6- Fill Additional Details
Provide:
- Basic personal details
- Financial details
- Vendor (solar installer) details
- Bank details
Step 7- Approval Letter
You will get a Digital In-Principle Approval Letter
Step 8- Loan Processing
- Your application goes to State Bank of India
- If approved:
- 70% of loan amount is paid directly to vendor after documentation
Step 9- Solar Installation
- Install the solar system through a registered vendor
- Apply for Net Meter
Step 10- Net Meter & Certificate
DISCOM
- Install net meter
- Issue commissioning certificate
- Update it on portal
Step 11- Bank Details Submission
- Submit
- Bank account details
- Cancelled cheque
- On PM Surya Ghar portal
Step 12- Subsidy Credit
- Government subsidy will be:
- Released by Government of India
- Credited directly to your SBI loan account
Step 13- Important Note
- Steps are indicative for understanding purposes only
- For queries, you can email:
- cm4.retailloans@sbi.co.in
- dgmecom.pbbu@sbi.co.in
Subsidy Benefits of SBI Solar Loan
Subsidy for Residential Households
| System Capacity | Subsidy Rate | Maximum Subsidy |
| Up to 2 kW | ₹30,000 per kW | ₹60,000 |
| Additional capacity (up to 3 kW total) | ₹18,000 per kW | ₹18,000 |
| Above 3 kW | — | ₹78,000 (maximum cap) |
Subsidy for GHS / RWA (Group Housing Society / Resident Welfare Association)
| Category | Subsidy Rate | Capacity Limit | Notes |
| Common Facilities (including EV charging) | ₹18,000 per kW | Up to 500 kW | Limited to 3 kW per house; includes individual rooftop systems |
Suitable Rooftop Solar Capacity (Based on Usage)
| Monthly Electricity Consumption (Units) | Recommended Solar Capacity |
| 0 – 150 units | 1 – 2 kW |
| 150 – 300 units | 2 – 3 kW |
| Above 300 units | Above 3 kW |
Note – Additional 10% subsidy available for special states as per government guidelines.
Mandatory Documents for SBI Solar Loan
Documents & Requirements
| Category | Details for Rs. 6 lacs |
| PAN | Not required (but may be mandatory in some cases) |
| Aadhaar Number | Required |
| KYC Documents | Required |
| Income Proof | ITR Returns / Form-16 (last 2 years) |
| Salary Proof | Last 6 months’ salary statement |
| Address Proof | Copy of electricity bill |
Document Comparison Table (Up to ₹2 Lacs vs Above ₹2 Lacs)
| Sr No. | Parameter | Loan up to ₹2 Lacs | Loan above ₹2 Lacs |
| 1 | Electricity Bill | Not mandatory to submit physical bill | Not clearly specified (may be required if asked by bank) |
| 2 | KYC (ETB / NTB) | Basic KYC rules apply | Full KYC required as per bank rules |
| ETB (Existing customers): No new KYC if already compliant | PAN must be updated if not already linked | ||
| Update KYC only if details (address etc.) change | Full KYC required for NTB (New customers) | ||
| 3 | PAN Card | Not mandatory | Mandatory |
| 4 | Income Requirement | No income limit specified | Maximum Net Annual Income (NAI): ₹3 Lacs |
| 5 | Income Proof | Not required | Required (Salary slip, salary statement, Form 16, ITR, etc.) |
| 6 | Documents by Vendor | Quotation, invoice, site feasibility report, agreement | Same as left column |
| 7 | Insurance of Asset | Optional | Mandatory (cost borne by customer) |
Note –
- Loans above ₹2 lakh → More documentation + PAN + income proof required
- Insurance is compulsory only for higher loan amount
- KYC rules stricter for higher loan category
Other important terms and condition of KYC
- The application can be done by yourself or with assistance
- No insurance required for loans up to 3 kW
- For loans above 3 kW, insurance is mandatory
- Insurance cost will be paid by the customer
- Applicants aged 65 years or above can add a co-borrower (Spouse or children allowed)
Margin Money and Other Important Charges
Margin Money (Your Contribution)
- You need to pay 10% to 20% of the total project cost from your own pocket
Loan Duration
- Maximum loan period is 120 months (10 years)
- No minimum time limit to repay
Prepayment Charges
No extra charges if you repay the loan early
Security (Collateral)
- The rooftop solar system installed using the loan will be kept as security with the bank.
Processing Fee
- Zero (No processing fee)
Moratorium Period
- You get 6 months relaxation after loan disbursement
- During this time, no EMI payment is required
Loan Disbursement
- Loan amount will be paid directly to the vendor account. (installer)
- Payment will be done in 2 parts.
Conclusion
I hope above content will give you proper guidence and prior knowledge about solar loan. This loan is very usefull now a days and it needs to be implement to all of us to save the global warming problem.
While applying to solar loan you need to contribute a minimum 10% margin amount upfront, whereas the remaining cost is covered through the loan. Any government subsidy is directly credited to the customer’s loan account, which helps in reducing the overall loan burden.
The loan process is quite simple for smaller loans (up to ₹2 lakhs) with fewer documents, while higher loan amounts require more documentation and insurance. Overall, the loan scheme offersflexible repayment, zero processing fee, and easy eligibility, making it agood option for going solar without heavy financial burden.
Q. 1 What are the income criteria of SBI Solar Loan ?
Ans. – Upto 2 lacs there is no income criteria but for loan amount 6 lacs and above income should be 3 lacs and above.
Q. 2 What are the interest rate for SBI Solar Loan ?
Ans. – As on date (15.12.2025),
(a) 5.75% p.a. , if the loan amount is up to ₹ 2 lacs.
(b) 7.90% p.a., if the loan is for more than ₹ 2 lacs & up to ₹ 6 lacs.
Q. 3 Is PAN / IT Return /Form 60 mandatory for availing this loan?
Ans.- No, if loan amount is up to ₹ 2 lacs. However, in cases of loan for more than ₹ 2 lacs & up to ₹ 6 lacs, it is mandatory.
Q. 4 – How will the loan be disbursed?
Ans. – Loan would be disbursed directly to the account of Vendor / Channel Partner / EPC Contractor.
Q. 5 How can I claim subsidy?
Ans. – Subsidy can be claimed by the borrower at MNRE site (https://pmsuryaghar.gov.in), by quoting the loan account number.
Q. 6 Is insurance of solar roof top panel & equipment mandatory?
Ans. – No, if loan amount is up to ₹ 2 lacs, however, it is mandatory if loan amount is more than ₹ 2 lacs and up to ₹ 6 lacs
Q. 7 How can I apply for SBI Solar loan?
Ans. – By visiting Bank’s website bank.sbi, under Loans, please go to SBI Surya Ghar Scheme and opt for Apply Now.
Alternatively, you can register first at https://pmsuryaghar.gov.in and then apply for loan at https://www.jansamarth.in
Q.8 If I have some doubts/ need clarifications, whom shall I contact?
Ans. – You may speak to our contact center at 18001234 or 18002100 or 1800112211. You may also send a mail to cm4.retailloans@sbi.co.in with a copy to dgmecom.pbbu@sbi.co.in .
