State Bank of India (SBI) is the most widely used lender for residential rooftop solar in India, and its dedicated product is the SBI Surya Ghar – Loan for Solar Roof Top, built around the PM Surya Ghar Muft Bijli Yojana. SBI’s own product page lists a rate of 5.75% for loans up to ₹2 lakh and 7.90% for loans above ₹2 lakh up to ₹6 lakh, a nil processing fee, and hypothecation of the solar assets as security, so no property mortgage is needed. Its branch network covers every district, which matters when the loan and the subsidy have to be coordinated.
Key takeaway. The SBI Surya Ghar rooftop solar loan carries 5.75% p.a. up to ₹2 lakh and 7.90% p.a. from ₹2 lakh to ₹6 lakh (floating), as listed on SBI’s PM Surya Ghar loan page when checked on 2 October 2026. Tenure is up to 10 years including a 6-month moratorium, the processing fee is nil, and the maximum loan is ₹6 lakh. A ₹2 lakh loan at 5.75% over 10 years has an EMI of about ₹2,195 per month.
This guide covers the published terms, EMI tables, eligibility rules, documents and the application process step by step. Rates are floating and SBI revises them; always confirm the current figure on SBI’s page or at your branch on the day you apply.
SBI Solar Loan Products: What SBI Actually Offers
SBI’s website lists these solar products:
SBI Surya Ghar – Loan for Solar Roof Top (households): a retail loan for resident individuals who have rooftop rights on the house where the system will be installed. It is the product most homeowners mean when they say “SBI solar loan”, and it is the one this guide covers.
Surya Shakti – Solar Finance (businesses): a term loan listed under SBI Green for SME and business enterprises (and housing societies) installing rooftop solar. It has different terms, including a processing fee, and is not a household product.
SBI also lists separate “Solar Roof Top Finance” and regional solar products; check with your branch whether any of them applies to you. Earlier versions of this article described “SBI Saral Solar” and a “Green Home Loan solar add-on” with a ₹30 lakh limit. SBI’s website does not list either product, so we have removed them.
SBI Solar Loan Interest Rates 2026: Published Terms
| Term | Loan up to ₹2 lakh | Loan above ₹2 lakh up to ₹6 lakh |
|---|---|---|
| Interest rate (floating) | 5.75% p.a. | 7.90% p.a. |
| Minimum CIBIL score | None specified | 650, with no defaults or write-offs |
| Minimum annual income | None specified | ₹3 lakh |
| Margin | At least 10% of project cost | At least 10% of project cost |
| Tenure | Up to 120 months incl. 6-month moratorium | Up to 120 months incl. 6-month moratorium |
| Processing fee | Nil | Nil |
| Security | Hypothecation of assets | Hypothecation of assets |
| Prepayment penalty | None | None |
Source: SBI PM Surya Ghar loan page
Source: SBI’s PM Surya Ghar loan page, checked 2 October 2026. Rates are floating and change when SBI revises its benchmark; confirm the current rate at your branch on the date of application.
SBI Solar Loan EMI Calculator: Ready Reference Table
Use this table to estimate your monthly EMI. Loans up to ₹2 lakh are calculated at 5.75% and larger loans at 7.90%. The figures are indicative: they ignore the 6-month moratorium (interest accrues during it) and do not include insurance.
| Loan Amount | Rate | 5-year tenure | 10-year tenure |
|---|---|---|---|
| ₹1,00,000 | 5.75% | ₹1,922 | ₹1,098 |
| ₹2,00,000 | 5.75% | ₹3,843 | ₹2,195 |
| ₹3,00,000 | 7.90% | ₹6,069 | ₹3,624 |
| ₹5,00,000 | 7.90% | ₹10,114 | ₹6,040 |
| ₹6,00,000 | 7.90% | ₹12,137 | ₹7,248 |
For exact EMI at the rate you’re offered, use our free solar calculator which includes a loan EMI module. The key principle from our EMI Payback Alignment Framework is that your monthly EMI should be no more than your monthly electricity bill savings.
SBI Solar Loan Eligibility Criteria
SBI’s published eligibility for the Surya Ghar loan:
Who can apply:
- Resident individuals up to 65 years of age (up to 75 with a co-borrower)
- You must have rooftop rights on the building where the system will be installed
- An SBI savings account is mandatory
- Farmers looking at solar pumps should see the separate PM-KUSUM guide; SBI lists PM-KUSUM finance under its agriculture products
Income and credit:
- Loans up to ₹2 lakh: SBI specifies no minimum CIBIL score and no minimum income
- Loans above ₹2 lakh up to ₹6 lakh: minimum CIBIL score of 650, no defaults or write-offs, and annual income of at least ₹3 lakh
- Your branch will still check that the EMI fits your income. Below 650, see our guide to solar loans with a low CIBIL score for co-applicant and secured alternatives
Your contribution:
- A margin of at least 10% of the project cost, paid by you
Documents Required for SBI Solar Loan
Gathering documents before visiting the branch saves multiple trips. A typical list (your branch may ask for more):
Identity and address:
- Aadhaar card
- PAN card
- Passport-size photographs
- Latest electricity bill in your name
Income proof (loans above ₹2 lakh):
- Salaried: recent salary slips, Form 16 and bank statements
- Self-employed: recent ITRs and bank statements
Property and solar project documents:
- Proof of ownership or rooftop rights (tax receipt, sale deed or similar)
- Your PM Surya Ghar national portal application reference
- Quotation from a vendor registered on the PM Surya Ghar national portal, with the system specification and cost breakup
- Site photos (roof access, area available)
Heaven Green Energy provides a detailed quotation, its portal vendor registration details and DISCOM application support as standard service to clients seeking SBI financing.
Step-by-Step SBI Solar Loan Application Process
SBI Solar Loan vs. Personal Loan for Solar: Why the Difference Matters
Some homeowners ask whether a personal loan for solar makes sense. The comparison on a ₹2 lakh borrowing:
| Factor | SBI Surya Ghar loan | Personal Loan for Solar |
|---|---|---|
| Interest rate | 5.75% (up to ₹2 lakh) | Often 11 to 18% |
| Tenure | Up to 10 years | Typically up to 5 years |
| EMI (₹2L) | ₹2,195 (10 yr) / ₹3,843 (5 yr) | ₹4,654–₹5,079 (5 yr, 14–18%) |
| Total interest (₹2L, 5 yr) | ₹30,601 | ₹79,219–₹1,04,721 |
| Processing fee | Nil | Varies by lender |
| Security | Hypothecation of the solar assets | None |
On the same 5-year tenure, the personal loan costs roughly ₹48,000 to ₹74,000 more in interest on a ₹2 lakh borrowing. Personal loan rates vary by lender and profile; the range above is illustrative.
Pros and Cons of SBI Solar Loan
- Low published rate, 5.75% up to ₹2 lakh
- Nil processing fee and no prepayment penalty
- No property mortgage, the solar assets are the security
- Widest branch network, available in every district
- Maximum loan is ₹6 lakh
- Rate jumps to 7.90% above ₹2 lakh, with CIBIL and income conditions
- Branch-level variability in solar loan familiarity
- Floating rate, EMI may change when SBI revises rates
How Heaven Green Energy Helps You Get Your SBI Solar Loan Approved
Heaven Green Energy’s finance support team has helped over 1,500 residential customers get SBI solar loans approved across Gujarat. We provide:
-
Our PM Surya Ghar national portal vendor registration details (SBI disburses only to portal-registered vendors)
-
Detailed quotation with the cost breakup the branch needs
-
DISCOM net metering application support
-
Site photograph package for branch submission
-
CA-certified project cost statement where required
-
Residential Solar: end-to-end with SBI loan documentation included.
-
Commercial Solar: business rooftop structures, including SBI’s business solar finance.
-
Solar Calculator: check if your EMI fits your electricity savings before applying.
-
Contact our team: we’ll connect you with the right SBI branch and prepare your complete application package.
Ready to install? Talk to our solar engineer, we handle SBI loan documentation, PM Suryaghar subsidy, and net metering. Call +91 63904 05060 or request a callback.
Frequently Asked Questions
What is the interest rate on SBI solar loan in 2026?
SBI’s Surya Ghar – Loan for Solar Roof Top lists 5.75% p.a. for loans up to ₹2 lakh and 7.90% p.a. for loans above ₹2 lakh up to ₹6 lakh (floating), per SBI’s product page checked on 2 October 2026. Rates change when SBI revises its benchmark, so confirm the current rate before applying.
What is the maximum SBI solar loan amount I can get?
The SBI Surya Ghar loan goes up to ₹6 lakh. For most residential rooftop systems (3 to 10 kW), the amount needed after the PM Surya Ghar subsidy and your 10% margin falls within this limit. Businesses and housing societies use SBI’s separate Surya Shakti business solar finance.
Does SBI require DISCOM sanction letter for solar loan?
SBI’s published terms tie the loan to the PM Surya Ghar process: you apply on the national portal, use a portal-registered vendor, and SBI pays that vendor directly. Branches may ask for your portal application reference and DISCOM feasibility approval. Heaven Green Energy files the DISCOM application on your behalf.
How long does SBI solar loan approval take?
SBI does not publish a fixed timeline, and it varies by branch. Common reasons for delay are missing income documents (for loans above ₹2 lakh), name mismatches between the electricity bill and KYC, an incomplete portal application, or a vendor that is not registered on the PM Surya Ghar national portal.
Can I get an SBI solar loan without salary slip?
Yes. For loans up to ₹2 lakh, SBI’s published terms set no minimum income. Above ₹2 lakh, self-employed applicants can show income through ITRs and bank statements; the minimum is ₹3 lakh a year. Farmers looking at solar pumps should check SBI’s PM-KUSUM agriculture products and NABARD for rural financing.
Is there a prepayment penalty on SBI solar loans?
SBI’s product page states there is no prepayment penalty on the Surya Ghar loan, so you can prepay or close it early, for example when your electricity savings build up faster than expected.
What if I can’t produce property documents for SBI solar loan?
The SBI Surya Ghar loan is secured by hypothecation of the solar assets, not by a property mortgage. You do need rooftop rights on the building where the system will be installed and a latest electricity bill; check with your branch which ownership or rooftop-rights proof it accepts.