Solar Loan
Quick, digital & hassle-free
Purpose: Your data is collected exclusively to check your loan eligibility and securely connect you with your chosen lending partner. We process this information strictly in accordance with RBI guidelines to facilitate your application. We do not sell your data, and it is used exclusively to facilitate your loan application.
10K
CustomersActive users
70+
BanksPartner banks
170
BranchesNationwide
Use the solar loan EMI calculator to quickly and accurately calculate the EMI and easily plan your finances.
Select the loan amount, interest rate, and tenure, and view the EMI amount with the total repayable amount to understand the interest breakdown.
Solar loans are designed to support green initiatives and aid individuals in adopting a sustainable alternative power solution. Banks and financial institutions offer solar loans to cover the cost of purchasing and installing solar panels. With financial aid, people can smoothly transfer to solar energy from the grid without being burdened by the hefty initial cost.
Use the solar panel financing to pay for the purchase and installation cost and repay in affordable EMIs over an extended period. This financial solution allows you to benefit from sustainable solar energy and reduce electricity bills immediately, while the repayment responsibility is flexible with varying tenures.
Divide the high installation cost with flexible monthly payments with solar finance.
A solar rooftop loan is specially designed to serve the green initiative. Learn what makes it a better financing option for solar panel installation compared to other types of loans:
Starting at 7.00%, low interest rates on solar loans keep the overall cost within budget.
| Banks and Solar Financing Companies | Interest Rates (per annum) |
|---|---|
State Bank of India | Starting at 6.75% |
Application for solar loan with My Mudra is simple and entirely online.
At My Mudra, we assist individuals in procuring funds for solar installation — quick and easy. Here is why customers prefer us:
Apply for solar panel loans online with a few clicks on My Mudra and enjoy speedy approval and disbursal. Plan repayment effortlessly with our EMI calculator.
Why My Mudra? Competitive Interest Rates | No Collateral Required | Quick Approval
Discover how My Mudra is helping households switch to solar energy with easy, affordable solar financing.
Directly assisting you in all major cities with instant solar loan tailored for your growth.
Join 50,000+ happy customers served across India
Purpose: Your data is collected exclusively to check your loan eligibility and securely connect you with your chosen lending partner. We process this information strictly in accordance with RBI guidelines to facilitate your application. We do not sell your data, and it is used exclusively to facilitate your loan application.
Hold ownership of the solar panels and obtain long-term savings with solar loans.
With solar panels installed, start saving on electricity bills from day one.
Reduce carbon footprint and contribute to making the earth greener with solar energy.
With tenures ranging between 5 to 15 years, repayment is convenient.
Dedicated solar rooftop loan solutions make approval hassle-free.
Bank of India |
| Starting at 7.00% |
Punjab National Bank | Starting at 9.40% (fixed rates decided as per CIBIL score) |
Canara Bank | Starting at 6.90% |
Step 1: Visit My Mudra website and navigate to the section on Solar Loans under the Loans tab.
Step 2: Click the Apply Now button, enter the required details, and submit the application and the documents.
Step 3: Wait for approval and install the solar panels.
"Getting a solar rooftop loan through My Mudra was fast and hassle-free. The EMI is affordable, and now my electricity bills are almost zero!"
Amount
Solar Rooftop Loan
Purpose
Residential Solar Installation
Both salaried and self-employed individuals are eligible for solar loans. Salaried applicants with stable incomes are given priority.
CIBIL Score
A CIBIL score of 750 or above is required for approval.
Documents Required for Solar Loans
"I compared many solar financing companies, but My Mudra gave me the best rate and quick approval. Highly recommended for solar panel loans."
Amount
Solar Panel Loan
Purpose
Home Solar Setup
"I used the solar loan EMI calculator on the site and knew exactly what I had to pay. No hidden charges. Very transparent process!"
Amount
Solar Loan
Purpose
Cost Planning & Installation
"Thanks to My Mudra, I installed a solar rooftop system without paying a huge amount upfront. Their solar finance option is perfect!"
Amount
Solar Rooftop Finance
Purpose
Zero Upfront Installation
"Was looking for the best interest rate for a solar loan and found it here. Great service and smooth documentation."
Amount
Solar Loan
Purpose
Affordable Renewable Energy