How the SBI Surya Ghar solar loan works
- Up to 3 kW: loan up to ₹2 lakh, about 6.00% a year. No minimum income needed.
- Above 3 kW: loan up to ₹6 lakh, about 8.15% a year. Needs a net annual income of ₹3 lakh or more.
- Down payment: at least 10% of the plant cost up to 3 kW, and at least 20% above 3 kW. If the plant cost is more than the loan limit (₹2 lakh up to 3 kW), you pay everything above the limit, so from a plant cost of ₹2,22,222 the down payment is more than 10%.
- Tenure: up to 10 years, with 6 months' moratorium after the loan is paid out. No processing fee and no pre-payment penalty.
- Subsidy: the PM Surya Ghar subsidy (up to ₹78,000) is credited to your loan account, which brings the loan down.
Solar loan EMI: common questions
What is the EMI for a 3 kW solar system?
For a 3 kW system at ₹2,15,000 with a 10% down payment (₹21,500) and the ₹78,000 PM Surya Ghar subsidy credited to the loan, the loan is ₹1,15,500. At 6% for 10 years the EMI is about ₹1,282 a month.
How much down payment do I need for a solar loan?
At least 10% of the plant cost for systems up to 3 kW, and at least 20% above 3 kW. Up to 3 kW the loan is limited to ₹2 lakh, so for a plant cost above ₹2,22,222 you pay everything above ₹2 lakh.
Is the subsidy paid into the loan account?
Yes. Under the SBI Surya Ghar loan, the PM Surya Ghar subsidy is credited to your loan account, which brings the loan amount and the EMI down.
What is the interest rate on a solar loan?
SBI's Surya Ghar loan rates as of 15 October 2026 are about 6.00% a year for loans up to ₹2 lakh (up to 3 kW) and 8.15% above ₹2 lakh. There is no processing fee and no pre-payment penalty.
Rates are SBI's as of 15 October 2026 and can change; the bank decides the loan. We help you apply on the PM Surya Ghar portal. See also how the subsidy works and what solar saves you.