🧮 Calculate EMI
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Monthly EMI: 0

Principal Amount: 0

Interest Payable: 0

Total Amount payable: ₹ 0





Solar Rooftop Loan Eligibility Criteria

Before applying for a solar panel loan, it’s essential to determine whether you meet the required eligibility criteria. This step ensures a higher chance of approval and smooth processing. Here’s how you can check your eligibility for a solar loan:

Average Bank Balance Program
  • Maximum Loan Limit = LTV or eligible loan amount based on maximum allowed EMI, whichever is lower.
  • Maximum EMI = 0.50 × ABB (ABB = Average bank balance in operative account of the customer for last 12 months).
  • Apply industry net margin on the turnover.
GST Program
  • Latest 12 months' GST turnover.
  • Apply industry net margin on the turnover.
  • Calculate DSCR considering existing and proposed obligations.
  • Eligible EMI at DSCR 1.2 to be considered.
Saving with Renewable Energy
  • Collect latest 3 months of electricity bills.
  • Calculate average energy consumption in units and amount.
  • Calculate energy savings with solar panel installation for the same consumption.
  • Add back the savings for a higher loan eligibility.