Ecofy Solar Loan — what you actually get
Ecofy is a green-finance NBFC that specialises in rooftop solar. Sanctions are faster than PSU banks, structure is flat-interest, and tenures are 1, 3, or 5 years. Here are the real numbers and the flow we run.
Ecofy EMI calculator
NBFC · 7.99% flat · zero foreclosure
Indicative EMI on post-subsidy loan amount. Final sanction, rate, and processing charges depend on credit profile and Ecofy branch discretion. Subsidy amounts shown are PM Surya Ghar central subsidy only — state top-ups are filed separately.
Get pre-qualified for Ecofy Rooftop Solar Loan
We file the PM Surya Ghar application, package the Ecofy dossier, and walk it into the branch. You sign once.
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Chat on WhatsAppEligibility — quick check
- Indian resident, age 21–65 at loan maturity
- Own or co-own the property where the system goes up
- Discom-issued electricity connection in your name
- Salaried, self-employed, or business income
- CIBIL score 700+ preferred for best pricing
- Sanctions typically faster than PSU banks — often 48–72 hours
Documents to keep ready
- PAN and Aadhaar (e-KYC supported)
- Last 3 months of bank statements
- Latest 2 months of salary slips, or last year ITR for self-employed
- Electricity bill
- Property ownership proof
- PM Surya Ghar registration ID (filed by Bridgeway)
How the Ecofy application actually runs
Free site assessment
We visit your roof, lock in a shadow-free system size, and align it to your eligible subsidy slab.
PM Surya Ghar registration
Bridgeway files the PM Surya Ghar application and pulls the reference ID Ecofy needs on the loan form.
Digital Ecofy application
Ecofy supports a digital-first flow. We upload your KYC, our quotation, and the technical drawings. Most applications get a soft sanction within 48 hours.
Sanction and disbursement
Ecofy disburses to Bridgeway against installation milestones. You pay only the EMI — never a large upfront amount.
Installation and net metering
We install in 7–14 days, file net metering with your discom, and your system starts generating credits within the same billing cycle.
FAQs — Ecofy solar loan
What is the Ecofy solar loan interest rate?+
Ecofy offers rooftop solar loans at 7.99% flat interest, with tenures of 1, 3, or 5 years and zero foreclosure charges. Final pricing depends on credit profile and tenure.
How fast is Ecofy solar loan approval?+
Ecofy is a digital-first NBFC and typically issues soft sanctions within 48–72 hours of a complete application. PSU banks usually take 2–3 weeks.
Flat vs reducing — which is cheaper?+
Reducing-balance interest is mathematically lower for the same headline rate. A 7.99% flat NBFC loan and a 6.5% reducing-balance PSU loan can produce different EMIs depending on tenure — use the calculator on this page to see both side-by-side.
Can I get an Ecofy loan without a PM Surya Ghar subsidy?+
Yes. Ecofy funds the full project cost. If you skip the subsidy filing, the loan amount is larger and the EMI scales accordingly. Most homeowners take the subsidy — it's a one-time discount of up to ₹78,000 for systems up to 3 kW.
Are there any hidden charges?+
Ecofy publishes a processing fee (typically 1–2% of the sanctioned amount) and zero foreclosure charges. Bridgeway shows you the full cost sheet before you sign.
Where Bridgeway fits
Bridgeway is empanelled with PM Surya Ghar and works with both NBFCs (including Ecofy) and PSU banks. We don't earn referral commissions from Ecofy — we make our money installing the system. The lender we recommend depends on whether you value sanction speed (NBFC) or longer tenure and lower rate (PSU bank).