Get the Lowest Rooftop Solar Loan Interest Rate in India: CureVeda

Solar Loan Documents Required

These are documents required for simplify the rooftop solar panel loan approval process.

For Applicant and co-applicant:

• PAN Card, Aadhaar Card and Residence Electricity Bill.
• For Companies: Udyam Registration Certificate, GST and Shop Light Bill.

For Companies:

• Udyam Registration Certificate, GST and Shop Light Bill
• Documents of Financial: last 1 year ITR of Bank Statement.
• Proof of business

Rooftop Solar Loans Eligibility Criteria

Make sure you meet the all criteria necessary documents ready for Solar Rooftop Loan that make easy processing.

Savings with Renewable Energy:

• Electricity bills of Last 3 months.
• Calculate the average energy consumption in units and quantities.
• Calculate the energy savings from installing solar panels for the same consumption.
• Add bank savings for higher loan eligibility.

GST Program:

• GST turnover for the last 12 months
• Apply industry net margin to turnover.
• Calculate DSCR based on current and proposed liabilities.
• Eligible EMI will be considered at DSCR 1.2

Solar Loan Rates and Charges

Solar panel loan fees typically range from lender to lender and case to case. The table below gives you a rough idea of the fees associated with Solar Loan Rate.

Processing Fees Our Solar Loan Rate starts from 2% to 10%
Stamp Duty Charges As per actuals
Cancellation Fee: 1% loan cancellation
Legal Fees: Nil
Charges of Penal: Nil