State Bank of India (SBI) is participating the government new initiative to powering the people’s home with solar energy energy called PM Surya Ghar Muft Bijli Yojana. It means those who have not enough money to install Rooftop Solar (RTS) system they will go through the SBI bank finance options.
Today, we will provide all the information about SBI Surya Ghar Scheme Financing Options to aware the rules.
Headings
- 1 How much loan amount will be provided by SBI for Rooftop Solar system?
- 1.1 What interest have to pay for SBI solar loan scheme?
- 1.2 What CIBIL Score should be required to take solar loan from SBI?
- 1.3 Are there necessary to require annual income for the applicant?
- 1.4 Is there PAN card necessary for the SBI loan applicant under PM Surya Ghar Muft Bijli Yojana?
- 1.5 What is the maximum loan tenure to repay the loan amount?
- 1.6 Where can you contact if subsidy not granted to your bank account?
- 1.7 How much loan processing fees we have to pay to SBI bank?
- 1.8 What is the maximum age to apply for SBI Surya Ghar Scheme?
- 1.9 Is it necessary to have saving account in SBI to avail SBI Surya Ghar Yojana?
- 1.10 What documents should we need for applying under SBI loan scheme for solar panel?
- 1.11 How can we apply for SBI Surya Ghar Muft Bijli Yojana?
- 1.12 Is there any data where we know how many people already benefited solar loan through SBI bank?
How much loan amount will be provided by SBI for Rooftop Solar system?
If you want to install up to 3 KW then you will get Rs. 2 Lakh solar loan and for 3 to 10 KW capacity you will get Rs 6 lakh loan amount from SBI Bank.
What interest have to pay for SBI solar loan scheme?
As per the official data, if you want to install maximum 3 KW then you have to pay only 7.00% ROI while more then that capacity you have to pay in range between 9.15% to 10.15% interest rate.
What CIBIL Score should be required to take solar loan from SBI?
Bank notified that if any individual apply for the loan then they must have CIBIL score 680 or above than that is necessary.
Are there necessary to require annual income for the applicant?
There are no necessary annual income proof for up to 3 Kilowatt solar panel but more then that applicant have to show the annual income proof and it’s required minimum Rs 3 lakh income annually.
Is there PAN card necessary for the SBI loan applicant under PM Surya Ghar Muft Bijli Yojana?
Yes, required if you install more then 3 KW solar panel.
What is the maximum loan tenure to repay the loan amount?
You can repay the full loan amount in maximum 10 years.
Where can you contact if subsidy not granted to your bank account?
You can contact the customer care number provided on the national portal. In this situation SBI bank are not responsible.
How much loan processing fees we have to pay to SBI bank?
You don’t have to pay any fees for the loan processing.
What is the maximum age to apply for SBI Surya Ghar Scheme?
Applicant age is not more than 65 years at the time of loan application. Along with that you have to keep in mind your loan amount should be repay at the age of 70 years.
Is it necessary to have saving account in SBI to avail SBI Surya Ghar Yojana?
Yes.
What documents should we need for applying under SBI loan scheme for solar panel?
a) up to 3 KW: latest electricity bill and other KYC details
b) 3 to 10 KW: latest electricity bill, KYC details, salary slip, income tax return or form 16
How can we apply for SBI Surya Ghar Muft Bijli Yojana?
You can apply in both ways online or offline too. In online method you have to register on the Jan Samarth portal and in offline method you have to visit the nearest branch of the state bank of India. To check the process of application you can click here; How to Apply for SBI Loan under Surya Ghar Yojana.
Is there any data where we know how many people already benefited solar loan through SBI bank?
No, there is no such data available.
I hope you finds important details through these FAQs about surya ghar scheme loan from State Bank of India. If you have any questions regarding the loan you can freely ask to the nearest branch of SBI bank.
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