Solar Panel Loans & Rooftop Financing | Go Green with Bhriti Loans
Get solar panel loans with low interest rates. Ruloans makes solar rooftop loans & green energy financing easy and affordable for homes & businesses.
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 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 x 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 Bank Statement- 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.