PayTM helps to improve digital transactions in India now introduced a personal solar loan to support government initiative called PM Surya Ghar Muft Bijli Yojana under which you will get subsidized solar panel system.
Never miss this opportunity to availed rooftop solar panel at subsidized cost. But here is the problem for some poor households to invest rest of money. To solve the issue of investing initial finance PayTM provides collateral free solar loan.
PayTM offers solar loan up to 100% of the project cost under PM-SGMBY
If you visit the official portal of PM Surya Ghar Muft Bijli Yojana (PM-SGMBY) then you will see that Paytm offers personal loan for the residentials up to 100% of the project cost. For ex. You want to install 3 KW solar panel on your rooftop and it will cost nearly 1.5 lakhs then you will get full amount as a finance from the Paytm payment bank.
Paytm unsecured personal loan features and benefits
- Easy Financing:- As we know that Paytm provides other financing options at online platform only. Those who want to avail Paytm unsecured personal loan for installing rooftop solar under Pradhan Mantri Surya Ghar Yojana will also get easy loan options from the Paytm. For any queries you can reach out nodal officer of the Paytm.
- Loan Amount:- As we discussed earlier that you will get up to 100% financing options for your rooftop solar cost. Further you will be assisted by the official.
- Loan Repayment Period:- Suppose, you will take a solar loan from the Paytm then you have to repay the full amount within maximum of 36 months. You can set the EMI options as per the fund availability.
- Collateral Free Interest Rate:- Company offers various number of interest rate which ranges from 7.46% to 13% per annum.
Contact Details
If you want to know the further information about PM Surya Ghar Muft Bijli Yojana Loan from PayTM then you have to contact the nodal officer of the company. Which Mobile Number will be given in below.
Who are eligible for Paytm Unsecured Personal Loan under Surya Ghar Yojana
Those who are eligible for Surya Ghar Yojana and want to install rooftop solar panel for the residential purpose are eligible to avail Paytm unsecured personal loan. But bank’s criteria also you have to keep in mind that may be applicant doesn’t proved defaulter in the past and they must have regular income sources. Further details will be available at the contact details.
Will Paytm is the right choice for solar loan?
Yes, if you have no ability to invest initial cost for rooftop solar then Paytm provides you total project cost. But along with that you have to check also the internet rate offers by the Paytm too. If you are capable to invest initial cost then you may check the other bank loan for your rooftop solar. Even though this is your decision at the end. We don’t force to avail Paytm loan or not. We only provide you educational information only.
For other options you can check Solar Financing category in this website.
Quick Look
| Solar Loan From | PayTM |
| Loan Tenure | Maximum 3 Years |
| Interest Rate | 7.46 to 13% |
| Loan Type | Residential & C&I / Standalone Loan |
| Mode of Application | Online or Offline |
| Where to Apply | Please contact the nodal officer (Contact given already) |
Final Words
Through this article you got the information about Rooftop Solar loan from the Paytm. If you liked this information then please share it with needy people. For further information about the scheme please follow PM Surya Ghar Yojana Website home page.