PM Surya Ghar Financing

Solar Loan & EMI Guide

Go solar with minimal upfront payment. PM Surya Ghar solar loans are available from all major nationalised banks. We are primarily associated with State Bank of India (SBI). Get solar today — pay in small EMIs.

Loan Options

Two Solar Loan Products

Government of India has made solar affordable for everyone through PM Surya Ghar scheme financing. Choose the loan product that fits your requirement.

MOST POPULAR

🏦 Basic Solar Loan

Up to ₹2 Lakh

For solar systems up to 3 kW. Easiest loan with minimal documentation. No income proof needed.

Interest Rate: ~6% p.a. (RBI Repo Rate + 0.50%) — floating rate
For System: Up to 3 kW (PM Surya Ghar residential)
Co-Payment: 10% of project cost (mandatory upfront)
Max Tenure: 10 years / 120 months
Income Proof: NOT required
CIBIL Score: Not required (NTC customers eligible)
Collateral: Hypothecation of solar system only
Processing Fee: Zero (waived for PMSG loans)
Insurance: Optional
Prepayment Penalty: None
💡 How it works: You pay 10% upfront. Bank disburses the rest (90%) directly to Zolar Roof. After installation, subsidy (up to ₹78,000) is credited to your loan account, reducing EMI burden.

🏢 Advanced Solar Loan

₹2L – ₹6 Lakh

For solar systems above 3 kW. Higher loan amount with minimal income documentation.

Interest Rate: ~9% p.a. (Home Loan Rate + 100 bps) — floating rate
For System: Above 3 kW (up to 10 kW residential)
Co-Payment: 20% of project cost (mandatory upfront)
Max Tenure: 10 years / 120 months
Income Proof: Basic income document required (salary slip / ITR / Form 16)
CIBIL Score: 650+ required
Collateral: Hypothecation of solar system
Processing Fee: Zero
Insurance: Mandatory (cost borne by customer)
Prepayment Penalty: None
💡 Note: For existing SBI Home Loan customers, the rate may be same as your home loan rate. Consult your SBI branch for exact rates.
Financial Planning Tool

Solar Loan EMI Calculator

Estimate your monthly EMI for any loan amount and tenure. Interest rates are automatically applied based on loan amount.

Loan Amount ₹1,00,000
₹50K ₹1.5L ₹3L ₹4.5L ₹6L
Loan Tenure 84 Months
12 Mo 36 Mo 60 Mo 84 Mo 120 Mo

📊 EMI Summary

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Monthly EMI
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Interest Rate (p.a.)
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🏦 Primary Bank Partner: State Bank of India
Helpline: 1800 1234 / 1800 2100
Apply Online: jansamarth.in or sbi.bank.in
Also available from: Canara Bank, Union Bank, Indian Bank, Central Bank, and other nationalized banks.
Minimal Documentation

Documents Required

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Basic Loan (Up to 3kW / ₹2 Lakh)

KSEB Electricity Bill (recent)
Aadhaar Card (KYC document)
Passport Size Photos (2 nos.)
Property Tax Receipt
Income Proof — NOT needed
PAN Card — NOT mandatory
✅ Simplest documentation. Perfect for most residential customers.
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Advanced Loan (Above 3kW / ₹2–6 Lakh)

KSEB Electricity Bill (recent)
Aadhaar Card (KYC) + PAN Card
Passport Size Photos (2 nos.)
Property Tax Receipt
Income Proof: Salary Slip / 2-Year ITR / 2-Year Form 16 / Pension Slip / PPO
CIBIL Score 650+ required
ℹ️ For salaried, self-employed and pension income customers. SBI savings account required.
Government Benefit

How Subsidy Works with Loan

1

You Pay 10% Upfront (Co-Payment)

For a loan up to ₹2 lakh, you pay 10% of project cost upfront to Zolar Roof. For loans above ₹2 lakh, 20% co-payment is required. This is mandatory as per Central Government guidelines.

2

Bank Disburses Directly to Zolar Roof

The bank disburses the loan amount (90% or 80%) directly to Zolar Roof's account. You don't need to handle large cash payments. Zolar Roof then proceeds with material procurement and installation.

3

Installation & Commissioning

Zolar Roof completes the installation, KSEB net meter installation and commissioning. Your solar system is now live and generating power — your electricity bills start reducing immediately.

4

Subsidy Application on PMSG Portal

We apply for your PMSG subsidy on the national portal (pmsuryaghar.gov.in) with your loan account number and KSEB commissioning details. This is done by Zolar Roof on your behalf.

5

Subsidy Credited to Your Loan Account

Within approximately 30 days of commissioning, Government of India credits the subsidy (up to ₹78,000 for 3kW) directly to your SBI loan account. Your loan principal reduces automatically, and your EMI may be revised downward.

6

You Enjoy Solar + Reduced EMIs

After subsidy adjustment, your effective EMI reduces. Meanwhile, your electricity bills are significantly lower. The monthly savings from solar can actually be higher than your loan EMI — making solar truly self-financing!

💡 Example Calculation: 3 kW System

Total System Cost: ~₹1,80,000 (approximate)
10% Co-Payment: ₹18,000 (paid upfront by customer)
Bank Loan: ₹1,62,000 @ 6% for 84 months → EMI: ~₹2,380/month
PMSG Subsidy: ₹78,000 (credited within 30 days)
Effective Loan after subsidy: ~₹84,000 → Revised EMI: ~₹1,235/month

Average Monthly KSEB Bill Savings (300 units household): ~₹2,200/month
Net Monthly Benefit: ₹2,200 savings − ₹1,235 EMI = ₹965 positive cash flow every month!
Official Resources

Useful Official Links

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PM Surya Ghar Portal

Official Government of India portal for PM Surya Ghar Muft Bijli Yojana. Register, apply for subsidy, track application status and view financing options.

Visit pmsuryaghar.gov.in
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SBI Solar Loan (Official)

State Bank of India's official page for SBI Surya Ghar Loan for Solar Rooftop. View current interest rates, eligibility and apply online.

Visit SBI.bank.in
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JanSamarth Portal

National portal for government-linked loans. Apply for PMSG solar loans from any participating bank through a single unified platform.

Visit JanSamarth.in
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Need Loan Assistance?

Our team helps with complete loan documentation, application, follow-up and subsidy claim. We've successfully processed loans for hundreds of customers.

Contact Zolar Roof

Start Your Solar Journey Today

Don't wait — solar prices are at their lowest and government subsidies are at their highest. Start saving on electricity bills from day one.

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