PM Surya Ghar – BOI Star Rooftop Solar Panel Finance Loan

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PM Surya Ghar – BOI Star Rooftop Solar Panel Finance Loan

Finance your rooftop solar panel with PM Surya Ghar - BOI Star Loan. Get up to Rs. 6 lakh for individuals, low interest, and quick approval.

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Details for PM Surya Ghar – BOI Star Rooftop Solar Panel Finance Loan

The PM Surya Ghar – BOI Star Rooftop Solar Panel Finance Loan offers financing for individuals and housing societies to install solar panels. With loans up to Rs. 6 lakh for individuals and Rs. 100 lakh for societies, enjoy easy documentation, no processing charges, and competitive 7% interest. Quick loan approval, a maximum 120-month repayment term, and low margin requirements (5% for individuals, 10% for societies) make this loan an ideal solution for sustainable energy solutions.

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Loan Amount

Not available

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Interest Rate

7.00% p.a.

Age

  • For Individual - Maximum 70 years at the time of final repayment

CIBIL Score

  • A CIBIL score of 730 or above is generally considered good for approving a personal loan.

Required Documents

  • Proof of identity (any one): PAN/Passport/Driver Licence/Voter ID
  • Proof of Address (any one): Passport/Driver Licence/Aadhar Card/ Latest Electricity Bill/Latest Telephone Bill/Latest Piped gas bill
  • Proof of Income (any one): Latest 6 Month Salary/Pay Slip and One year ITR/Form16

Nature of Employment

  • Individuals/Registered group housing societies/residential welfare associations
  • Borrower/co-borrower should be owner of the house

Minimum Monthly Income

  • Maximum limit -- For Individual - Rs 6.00 lakh and For Housing Society – Rs.100.00 lakhs

Loan Processing Charges

  • Nil

Features

  • Maximum limit -- For Individual - Rs 6.00 lakh and For Housing Society – Rs.100.00 lakhs
  • Quantum --Upto 3 KW-Rs. 2.00 lakhs and above 3KW to 10KW - Rs. 6.00 lakh
  • NIL processing charges
  • Easy documentation
  • Quick disposal of the loan (Very less turn around time)
  • Maximum repayment tenure up to 120 months
  • Margin – For Individual – 5% For Housing Society – 10%

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PM Surya Ghar – BOI Star Rooftop Solar Panel Finance Loan EMI Calculator

Principal amount

₹1,00,000

Interest amount

₹542

Total amount payable

₹1,00,542

Your Monthly EMI is ₹8,379
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