Solar Loan for PM Surya Ghar Muft Bijli Yojana 2024: Union Minister Anurag Thakur promised that their government will provide solar loan from the National banks as well third party companies. Now it’s possible to take solar loan from various banks from PM Surya Ghar Yojana Official Website.
More than 20 National banks and private firms provide solar loan starting with 2 lakhs to 6 lakhs for the residential rooftop solar. Interesting thing is this loan amount is totally collateral free.
Let’s dive and know which banks provide RTS (Rooftop Solar) Loan and how much loan amount granted for the residential solar plant.
How to find bank list on PM Surya Ghar Website that will provide solar loan?
All the details about PM – Surya Ghar: Muft Bijli Yojana has already available on the official website. If you want to find the bank list that will provide solar loan then you just have to open official portal and on the home page you will find “Financing Options” menu name located on the main menu. After clicking on the financing options you will get full list of banks that will provide loan for PM Surya Ghar Yojana.
Some of the banks loan details will be provided here on the next heading.
SBI Solar Loan
Objective: Installation of Rooftop Solar up to 3 KW Capacity
Solar Loan Amount from SBI: Maximum Rs 2 Lakh
Processing Fees: NIL
Disbursement Rule: Directly to the vendor or EPC Contractor only after the submission of all the required feasibility documents mandated by MNRE Department.
Note: here is the full details of SBI Bank solar loan.
Bank of Baroda Solar Loan Details
Type of Loan: Composite – Along with Home Loan
Objective: Provide solar loan for installation of 3 KW Capacity
Processing Fees: Doesn’t Declared
Loan Amount: Rs 2 Lakh
Note: Here you can get more details about Bob solar loan.
Bank of India Solar Loan
Type of Loan: Demand/Term loan
Loan Amount: Rs 2 Lakh
Processing Fees: NIL
Objective: Provide solar loan for residential purpose on the ground mounted grid connected rooftop solar plant
Note: For full details of boi solar rooftop loan available here.
ICICI Bank Solar Loan
Type of Loan: Residential Solar loan for Both salaried and self employed
Loan Amount: Rs 6 Lakhs or 90% of the project cost
Processing Charges: Doesn’t Declared
Objective:- Provide residential solar loan with no guarantor and fixed interest rate
Note: If you want to know more about icici solar loan then please visit here.
HDFC Solar Loan for PM Surya Ghar Yojana
Type of Loan: Residential/Personal Loan
Loan Amount: Maximum up to Rs 40 Lakh
Processing Fees: Doesn’t Declared
Objective: Provide easy solar loan for residential purpose under PM Surya Ghar Muft Bijli Yojana
Note: Here is the full details of Hdfc bank solar loan.
Other Guides: If you want to know the process “pmsuryaghar.gov.in Online Apply“ then visit the link.
These Banks provide collateral free Solar Loan for PM Surya Ghar Muft Bijli Yojana in 2024
From the below table you can check the list of banks and other companies that will provide financing options for your rooftop solar.
| SR. No. | Bank Name | Short Name |
|---|---|---|
| 01 | State Bank of India | SBI |
| 02 | Central Bank of India | CBI |
| 03 | Punjab and Sind Bank | – |
| 04 | Canara Bank | – |
| 05 | Union Bank of India | UBI |
| 06 | Punjab National Bank | PNB |
| 07 | Bank of Maharashtra | – |
| 08 | UCO Bank | – |
| 09 | Indian Overseas Bank | IOB |
| 10 | Indian Bank | IB |
| 11 | Bank of Baroda | BOB |
| 12 | HDFC Bank | – |
| 13 | Karnataka Bank | – |
| 14 | Bank of India | BOI |
| 15 | Saraswat Bank | – |
| 16 | ICICI Bank | – |
| 17 | IDBI Bank | – |
| 18 | Mysun | – |
| 19 | Creditfair | – |
| 20 | Metafin Cleantech | – |
| 21 | Electronica Finance Bank | – |
| 22 | Ecofy | – |
| 23 | PayTM | – |
Conclusion
We hope you will get a proper information about bank name that will provide financing options for rooftop solar system for the residential purpose under PM Surya Ghar Yojana. If this information helped you then please share it with others. If you have any questions regarding this article then please reach out to us through comment section.
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