What is the typical interest rate on solar loans under PM Surya Ghar?

Concessional solar loans under the PM Surya Ghar scheme start at 7.00% to 7.15% p.a. from nationalized lenders like SBI and PNB. Private banks offer rates from 8.50% to 10.25% p.a.

What are the eligibility criteria for collateral-free solar rooftop financing?

Eligibility includes residential/commercial rooftop ownership, a valid domestic electricity bill connection, regular income (ITR or salary), and a healthy credit score (typically CIBIL 680+).

How does Diya Group assist with solar loan processing?

Diya Group prepares all required technical feasibility designs, bills of materials, and solar quotes required by partner banks to expedite collateral-free approvals.

Solar Loan Assistance

Low-interest financing for your sustainable energy transition.

Go Solar with Zero Upfront Cost.

Diya Group of Industries has partnered with leading financial institutions to provide easy, collateral-free loans for solar rooftop installations. Whether you are a residential homeowner or an industrial giant, we have a financing plan tailored for you.

EMI Starting @ ₹999/mo

Pay back your loan from the savings in your electricity bill.

Collateral Free

No property or asset pledge required for loans up to ₹10 Lakhs.

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Approval is subject to credit score (CIBIL) and documentation.

Official Solar Rooftop Loan Comparison Table

Compare low-interest solar financing schemes from India's top nationalized and private banks (Updated: May 2026).

Lending Bank	Interest Rate (p.a.)	Max Loan Amount	Collateral Limit	Processing Time	Processing Fee
State Bank of India (SBI)	7.00% – 8.25%	Up to ₹10 Lakhs	No collateral required	5 – 7 Days	0% (Zero charges)
Punjab National Bank (PNB)	7.15% – 8.40%	Up to ₹8 Lakhs	No collateral required	6 – 8 Days	Zero for Solar
HDFC Bank	8.50% – 9.90%	Up to ₹15 Lakhs	No collateral required	3 – 4 Days	0.25%
ICICI Bank	8.75% – 10.25%	Up to ₹20 Lakhs	No collateral required	3 – 4 Days	0.50%

Solar Loan Frequently Asked Questions

Under the PM Surya Ghar national scheme, state-owned banks like SBI and PNB offer highly concessional, collateral-free solar loans starting at just 7.00% to 7.15% per annum for systems up to 3 kW. Private lenders like HDFC and ICICI offer rates ranging between 8.50% and 10.25% p.a. with extremely fast processing times.

Applicants qualify for collateral-free solar loans up to ₹10 Lakhs if they meet the following criteria:

Must own a residential or commercial rooftop property.
Possess a CIBIL score of 680 or higher (satisfying risk assessments).
Have a regular source of income (salary slip, ITR filing, or business registration).
Active DISCOM electricity domestic account under the applicant's name.

Diya Group acts as a direct facilitator between the applicant and empanelled nationalized banks. Our administrative team prepares your technical feasibility report, net-meter drawing, bill of materials, and subsidy estimate documents. This complete spec bundle ensures that loan verification is approved with zero processing hassle.