To support PM Suryaghar, the biggest PSU Banks are offering some of the most attractive solar loans for residential projects.

Loans Upto Rs. 2 Lakhs

A. These loans have minimal qualifications and require no income proof or CIBIL score checks.
B. Rate of interest is between 6.5% and 7%.
C. Payback period is upto 10 years.
D. Upto 80% of the cost.

Loans More than Rs. 2 Lakhs

A. These loans need income proof and CIBIL score checks.
B. Rate of interest is between 8.5% and 9.5%.
C. Payback period is upto 10 years.
D. Upto 80% of the cost.

Calculations for Rs. 2 Lakhs Loan for 10 Years Term, 7% Rate of Interest

Calculations for Greater Than Rs. 2 Lakhs Loan for 10 Years Term, 9.5% Rate of Interest