🧮 Calculate EMI
✖

Monthly EMI: 0

Principal Amount: 0

Interest Payable: 0

Total Amount payable: ₹ 0

Solar Panel Loans & Rooftop Financing Go Green with Ruloans

Get solar panel loans with low interest rates. Ruloans makes solar rooftop loans & green energy financing easy and affordable for homes & businesses.

Man holding coin


What is Solar Panel Loan?

A Solar Panel Loan is a smart and convenient financial solution that enables homeowners, businesses, and industries to install rooftop solar systems without paying the entire cost upfront. Instead, the total cost is divided into easy monthly EMIs, making the shift to solar energy both affordable and accessible.

By choosing a solar panel loan, you can lower your electricity bills, reduce dependency on conventional power sources, and actively contribute to a greener, more sustainable future. It’s an ideal way to embrace renewable energy without putting a strain on your finances.

Features and Benefits of Solar Panel Loan

Flexible Tenure: 12 to 84 months
No Additional Collateral Required
Minimum Turnover 25 Crores
Minimum 5 Years Old Company
Loan Amount: Minimum 60 Lakhs to Rs 3 Crores
Dedicated & Personalized Support
Minimal Documentation & Digital Processing
Loan EMIs Lower Than Your Current Electricity Bills
Comprehensive Financing: Covers solar panels + ancillaries
Quick Approvals: Score-based assessment for faster processing
Attractive Solar Loan Interest Rates: 7.99% Flat Rate or 12.5% Reducing Balance Rate onwards
Solar Panel Illustration

Solar Rooftop Loan Eligibility Criteria

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.

Documents Required for Solar Panel Loan

For a seamless Rooftop Solar Panel loan approval process, the following documents are required:

For Company KYC
  • GST Certificate
  • Shop Light Bill
  • Udyam Registration Certificate
Applicant & Co-Applicant KYC
  • PAN Card
  • Aadhaar Card
  • Residence Electricity Bill
Financial Documents
  • Bank Statement (Last 1 year - PDF format)
  • Last 2 Years ITR

Solar Panel Loan EMI Calculator

Plan your repayments smartly using our Solar Loan EMI Calculator. Simply input the loan amount, tenure, and applicable solar panel loan rates to get an instant monthly EMI estimate. This helps you choose the most suitable loan offer as per your repayment capacity.

Fees and Charges for Solar Panel Loan

The fees and charges of solar panel loans usually vary from lender to lender and from case to case. The following table will give you a fair idea of the fees and charges related to solar loans:

Particulars Charges
Loan Processing Fees 0.2% to 0.6% of loan amount
Loan Cancellation 1%
Stamp Duty Charges As per actuals
Legal Fees Nil
Penal Charges Nil

Other fees and charges that lenders may levy on your solar loan include documentation charges, verification charges, duplicate statement charges, NOC certificate charges and swap.

Solar Loan FAQs

Yes, many lenders offer financing options to install solar panels on EMI, making it easier to adopt solar energy without paying the entire amount upfront.

The cost depends on the size of the system, brand, and installation requirements. On average, rooftop solar systems in India cost between ₹40,000 to ₹60,000 per kW.

Interest rates for solar panel loans usually range from 8% to 15% annually, depending on the lender, tenure, and your credit profile.

Yes, the Government of India and state governments offer subsidies for residential rooftop solar installations, which can help reduce the overall cost.

The payback period typically ranges from 3 to 7 years, depending on your electricity usage, tariff rates, and loan terms.

Yes, most lenders allow you to prepay your solar panel loan. Some may charge a nominal prepayment fee, while others offer it free of charge.