National Portal for Rooftop Solar

State Bank of India

Existing Product Name & details

Solar Roof Top Finance Scheme for residential purpose

Maximum Loan amount

10 lakhs

Maximum Loan Tenure

5 years

Net Interest rate to customer (% p.a.)

Reducing interest rate. Interest rate ranges from 9.65% to 10.65% based on CIBIL score.

Type of Loan

Residential/Standalone Loan

Details of Nodal Officer from the Bank

Name Designation Email Mobile
Pankaj Kumar Sinha Deputy General Manager dgmecom[dot]pbbu[at]sbi[dot]co[dot]in 7600040400

Existing Product Name & details

SBI Home Loans along with Solar Roof Top Installation (Solar Roof Top Cost is included in the Project Cost)

Maximum Loan amount

Co terminus with HL Tenure (can go upto 30 years)

Maximum Loan Tenure

Within overall Home Loan Eligibility

Net Interest rate to customer (% p.a.)

Reducing Rate of Interest linked to RBI Repo Rate and applicant's CIBIL Score. Present Minimum Effective Rate of Interest is 9.15%.

Type of Loan

Residential/Composite (Along with Home Loan)

Details of Nodal Officer from the Bank

Name Designation Email Mobile
Sanjay Ghosh Deputy General Manger dgmre[dot]pd[at]sbi[dot]co[dot]in 7632996090
Canara Bank

Existing Product Name & details

"Housing-cum-Solar Loan
Loan to individuals for on grid installation of Roof Top Solar Photovoltaic (PV) System along with our Housing Loan "

Maximum Loan amount

10.00

Maximum Loan Tenure

20 Years

Net Interest rate to customer (% p.a.)

Reducing

Type of Loan

Residential/Composite (Along with Home Loan)

Details of Nodal Officer from the Bank

Name Designation Email Mobile
Kasi ravikumar Divisional Manager kasiravikumar[at]canarabank[dot]com 9640008055
Union Bank of India

Existing Product Name & details

"Union Roof Top Solar Scheme(URTS)
  1. Loan is provided for installation of Grid connected RTS (Roof Top Solar) for residential purpose only
  2. Setting up of Grid connected Roof Top Solar system up to 25 KW plant to individual having existing independent house
  3. Eligible: Existing Union Home Loan borrowers against the said house or Borrowers who have not availed home loans or Borrowers who have availed home loan with other banks (subject to submission of NOC from Bank)
  4. 20% of project cost will be contributed by borrower under this scheme
  5. ROI as applicable to Union Home Scheme for Composite scheme and for Standalone : cibil based ROI starting from EBLR+2.10%
  6. Moratorium Period Maximum period of 6 month or time taken by Discom for installation whichever is less
  7. Primary Security: Hypothecation of roof top Solar/ Assets created out of Bank finance under this scheme and Collateral Security:Nil"

Maximum Loan amount

80% of project Cost or 15.00 Lakh(which-ever is less)

Maximum Loan Tenure

84 EMIs

Net Interest rate to customer (% p.a.)

Reducing (ROI as applicable to Union Home Scheme : cibil based Effective ROI 8.95 to 10.25%)

Type of Loan

Residential/Composite (Along with Home Loan)

Details of Nodal Officer from the Bank

Name Designation Email Mobile
Sujit Kumar Suman Chief Manager RAV CO sujitkumar[dot]suman[at]unionbankofindia[dot]bank 8948443448
HDFC Bank

Existing Product Name & details

Personal loan

Maximum Loan amount

Up to Rs 40 lakh

Maximum Loan Tenure

5 Years

Net Interest rate to customer (% p.a.)

11% to 12.5% p.a. (flat)

Type of Loan

Residential/Personal

Details of Nodal Officer from the Bank

Name Designation Email Mobile
Narayan Rajagopalan Sr Vice President-II - Compliance narayan[dot]rajagopalan[at]hdfcbank[dot]com 9380004428
Punjab National Bank

Existing Product Name & details

FINANCING OF SOLAR POWER SYSTEMS UNDER HOME LOAN SCHEME

Maximum Loan amount

10 lakhs

Maximum Loan Tenure

As per housing loan scheme where mortgage of house is available

Net Interest rate to customer (% p.a.)

ROI to be charged as per housing loan scheme of the bank

Type of Loan

Residential/Composite (Along with Home Loan)

Details of Nodal Officer from the Bank

Name Designation Email Mobile
PARVEEN AJMANI CHIEF MANAGER PARVEEN[dot]KUMAR17[at]PNB[dot]CO[dot]IN 8837895245

Existing Product Name & details

FINANCING OF SOLAR POWER SYSTEMS UNDER HOME LOAN SCHEME

Maximum Loan amount

10 LAC

Maximum Loan Tenure

On Standalone Basis: where solar system is installed on standalone basis and applicant is not ready to mortgage the property, maximum 5 years repayment period to be permitted.

Net Interest rate to customer (% p.a.)

On Standalone Basis: ROI to be charged at RLLR+BSP+2.25% (solar power without mortgage under RLLR) under floating option only. No fixed option is available.

Type of Loan

Residential/Standalone

Details of Nodal Officer from the Bank

Name Designation Email Mobile
PARVEEN AJMANI CHIEF MANAGER PARVEEN[dot]KUMAR17[at]PNB[dot]CO[dot]IN 8837895245
ICICI Bank

Existing Product Name & details

ICICI Bank Personal Loans
  1. Loan upto 90% of the total project cost
  2. Instant Approval
  3. Digital Journey
  4. Flexible Tenure of 12 to 36 Months
  5. Seamless Loan application process.
  6. Minimum Documentation
  7. Fixed Interest Rate
  8. No Security / Guarantor required

Maximum Loan amount

₹ 6 Lakh (subject to upto 90% of the project cost)

Maximum Loan Tenure

3 years

Net Interest rate to customer (% p.a.)

Starting 11% p.a. (reducing)

Type of Loan

Residential/Unsecured Personal Loan (for salaried individuals)

Details of Nodal Officer from the Bank

Name Designation Email Mobile
Ms. Sharlet Malvankar C Nodal Officer digitallending[at]icicibank[dot]com 022-39337979
Mr. Harpreet Singh Relationship Manager,MNRE harpreet[dot]singh16[at]icicibank[dot]com 9654482811

Existing Product Name & details

ICICI Bank Business Loans
  1. Loan upto 90% of the total project cost
  2. Instant Approval
  3. Flexible Tenure of 12 to 36 Months
  4. Seamless Loan application process.
  5. Minimum Documentation
  6. Fixed Interest Rate
  7. No Security / Guarantor required

Maximum Loan amount

₹ 6 Lakh (subject to upto 90% of the project cost)

Maximum Loan Tenure

3 years

Net Interest rate to customer (% p.a.)

Starting 11% p.a. (reducing)

Type of Loan

Residential/Unsecured Business Loan (for self employed segment)

Details of Nodal Officer from the Bank

Name Designation Email Mobile
Ms. Sharlet Malvankar Principal Nodal Officer digitallending[at]icicibank[dot]com 022-39337979
Mr. Harpreet Singh Relationship Manager,MNRE harpreet[dot]singh16[at]icicibank[dot]com 9654482811
Bank of Maharashtra

Existing Product Name & details

Cost of Roof-Top Solar is included as component for expense for finance under Housing loan scheme.

Maximum Loan amount

Rs1000000/-

Maximum Loan Tenure

7 Years

Net Interest rate to customer (% p.a.)

9.80%-11.30% (Based on CIC Score) Reducing

Type of Loan

Residential/Composite (Along with Home Loan)

Details of Nodal Officer from the Bank

Name Designation Email Mobile
Ravi Anand Chief Manager cmretail[at]mahabank[dot]co[dot]in 020-25614264
UCO Bank

Existing Product Name & details

Rooftop Solar Plants for Residential Sector - for financing Grid connected Roof Top Solar Plants.

Maximum Loan amount

10

Maximum Loan Tenure

10

Net Interest rate to customer (% p.a.)

Reducing

Type of Loan

Residential & C&I/ALL

Details of Nodal Officer from the Bank

Name Designation Email Mobile
Ramakanta Sahoo Asst. Genral Manager hopscredit[dot]calcutta[at]ucobank[dot]co[dot]in 9874085119
IDBI Bank

Existing Product Name & details

IDBI Surya sakthi

Maximum Loan amount

Maximum Loan amount Individual Rs 0.25 Lakh and Rs 1.50 Crore for Commercial units

Maximum Loan Tenure

7 Years

Net Interest rate to customer (% p.a.)

For SFMF 10% For Non SFMF 11 % and Commercial 12.15 % (Reducing Rate)

Type of Loan

Residential & C&I/Composite (covered under priority sector)

Details of Nodal Officer from the Bank

Name Designation Email Mobile
Kanchan choudhary DGM kanchan[dot]Choudhary[at]idbi[dot]co[dot]in 8484810430

Existing Product Name & details

IDBI Home loan

Maximum Loan amount

Maximum Rs.5.00 lakh

Maximum Loan Tenure

30 Years

Net Interest rate to customer (% p.a.)

Floating(Reducing) : Starts from 8.45% Fixed(Flat) : 10.90% - 12.00%

Type of Loan

Residential/Composite (Along with Home Loan)

Details of Nodal Officer from the Bank

Name Designation Email Mobile
Mr.Rajiv Kumar GM kumar[dot]rajiv[at]idbi[dot]co[dot]in 9099927339
Electronica Finance Limited

Existing Product Name & details

Shakti Rooftop solar loans are designed to make going solar more affordable for MSMEs, firms, residential properties, hospitals, hotels, schools etc.

Maximum Loan amount

Upto Rs 2 cr

Maximum Loan Tenure

5 yrs

Net Interest rate to customer (% p.a.)

10 to 14%

Type of Loan

Residential & C&I/Standalone Loan

Details of Nodal Officer from the Bank

Name Designation Email Mobile
Sh Chandan Jain Product Manager chandan[dot]jain[at]efl[dot]co[dot]in 9607800754 , 9850961707
Mysun

Existing Product Name & details

Mysun Solar Financing Solar Loans for Homes:
  1. Zero Cost – Interest Free EMI Option
    2. Pay in 3 Easy Interest Free Installments No Collateral : 70% financing Quick Approval in 30 minutes Available for low credit scores
  2. Upto 36 Months Financing Options
    3. Solar Loans available upto 36 months tenure Industry leading Interest Rates No Collateral : 70% financing Quick Approval in 30 minutes Available for low credit scores"

Maximum Loan amount

70% of Project Cost

Maximum Loan Tenure

Upto 3 years

Net Interest rate to customer (% p.a.)

Type of Loan

Residential & C&I/Standalone Loan

Details of Nodal Officer from the Bank

Name Designation Email Mobile
Neetu Patro Head of Op. neetu[dot]patro[at]itsmysun[dot]com 8442380218
Ecofy

Existing Product Name & details

"Regular Term Loan with Subvention of 2.99% (Collateral Free) https://www.ecofy.co.in/rooftop-solar"

Maximum Loan amount

Upto 100% of project cost

Maximum Loan Tenure

Upto 4 years

Net Interest rate to customer (% p.a.)

Upto 12.99%

Type of Loan

Residential & C&I / Standalone Loan

Details of Nodal Officer from the Bank

Name Designation Email Mobile
Mr. Swapnil Wakade swakade[at]ecofy[dot]co[dot]in 9821604104
CreditFair

Existing Product Name & details

Solar Rooftop financing

Maximum Loan amount

80% of Project Cost

Maximum Loan Tenure

Upto 5 years

Net Interest rate to customer (% p.a.)

8.5 to 10.5%

Type of Loan

Residential & C&I / Standalone Loan

Details of Nodal Officer from the Bank

Name Designation Email Mobile
Mr. Hussain hussain[at]creditfair[dot]in 72089 95422
Metafin Cleantech

Existing Product Name & details

Flexible Financing Solutions, Attractive EMI Schemes, & No Collateral

Maximum Loan amount

70% of Project Cost upto 150 kWp

Maximum Loan Tenure

Min 2 years

Net Interest rate to customer (% p.a.)

14.04%

Type of Loan

Residential & C&I / Standalone Loan

Details of Nodal Officer from the Bank

Name Designation Email Mobile
Mr Aditya Damani Aditya[at]creditfair[dot]in, solar[at]creditfair[dot]in 9820603150
PayTM

Existing Product Name & details

Unsecured Personal loan

Maximum Loan amount

Upto 100% of project cost

Maximum Loan Tenure

Upto 3 years

Net Interest rate to customer (% p.a.)

7.46 to 13%

Type of Loan

Residential & C&I / Standalone Loan

Details of Nodal Officer from the Bank

Name Designation Email Mobile
Mr. Rahul Kamble 9004242422
Saraswat Bank

Existing Product Name & details

Solar Urja Loan

Maximum Loan amount

upto 50 lakhs

Maximum Loan Tenure

upto 7 years

Net Interest rate to customer (% p.a.)

Floating @11.75% p.a.

Type of Loan

Residential & C&I / Standalone Loan

Details of Nodal Officer from the Bank

Name Designation Email Mobile
Molina Gurjar AGM - Retail Banking Dept molina.gurjar@saraswatbank.com 022 - 66005555 / 5306
Karnataka Bank

Existing Product Name & details

KBL Ravi Kiran - Finance For Solar Projects Individuals/HUF/Farmers/Traders/Bussinessmen/Proprietorship concerns/Professionals/Salaried persons/Institution etc.

Maximum Loan amount

Rs 10 lakh

Maximum Loan Tenure

Upto 5 years

Net Interest rate to customer (% p.a.)

11.16%

Type of Loan

Residential & C&I / Standalone Loan

Details of Nodal Officer from the Bank

Name Designation Email Mobile
Bank of Baroda

Existing Product Name & details

BOB Home Loans along with Solar Roof Top Installation (Solar Roof Top Cost is included in the Project Cost)

Maximum Loan amount

Within overall Home Loan Eligibility

Maximum Loan Tenure

Co terminus with HL Tenure (can go upto 30 years)

Net Interest rate to customer (% p.a.)

Reducing Rate of Interest linked to RBI Repo Rate and applicant's CIBIL Score. Present Minimum Effective Rate of Interest is 8.40%.

Type of Loan

Composite (Along with Home Loan)

Details of Nodal Officer from the Bank

Name Designation Email Mobile
Sandeep Khetan Assistant General Manager retailcredit.bcc@bankofbaroda.com 9785775997/022-66985372

Existing Product Name & details

Baroda Residential Rooftop Solar Scheme

Maximum Loan amount

10 Lakh

Maximum Loan Tenure

10 year

Net Interest rate to customer (% p.a.)

Interest rate ranges from 9% to 11.40% based on CIBIL score (Available in both Floating and Fixed rate)

Type of Loan

Standalone

Details of Nodal Officer from the Bank

Name Designation Email Mobile
Sandeep Khetan Assistant General Manager retailcredit.bcc@bankofbaroda.com 9785775997/022-66985372