SBI Solar Loan — what you actually get
Under the PM Surya Ghar scheme, SBI lends against your rooftop solar system on reducing-balance terms with a 10-year tenure. Here are the real numbers, the eligibility bar, and how we file the paperwork for you.
SBI EMI calculator
PSU Bank · 6.5% reducing · zero foreclosure
Indicative EMI on post-subsidy loan amount. Final sanction, rate, and processing charges depend on credit profile and SBI branch discretion. Subsidy amounts shown are PM Surya Ghar central subsidy only — state top-ups are filed separately.
Get pre-qualified for SBI Surya Ghar Loan
We file the PM Surya Ghar application, package the SBI dossier, and walk it into the branch. You sign once.
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Chat on WhatsAppEligibility — quick check
- Indian resident, age 18–70 at loan maturity
- Own the rooftop where the system will be installed
- Discom-issued electricity connection in your name
- Stable income source — salaried, self-employed, or pensioner
- CIBIL score 680+ preferred (lower scores possible with co-applicant)
- Property is residential and within SBI's lending geography
Documents to keep ready
- PAN card and Aadhaar
- Last 6 months of bank statements
- Latest 3 months of salary slips, or ITR for self-employed
- Electricity bill (proof of connection)
- Property ownership document
- PM Surya Ghar registration ID (Bridgeway files this for you)
How the SBI application actually runs
Free site assessment
We visit your rooftop, measure shadow-free area, and lock in a system size that matches your bill and your sanction limit.
PM Surya Ghar registration
We file your PM Surya Ghar application end-to-end. The portal generates the subsidy reference ID you'll attach to the SBI loan form.
SBI application package
We prepare the full loan dossier — quotation, technical drawings, vendor invoice, KYC bundle — and submit it to your SBI branch.
Sanction and disbursement
SBI typically sanctions within 2–3 weeks. Disbursement goes to Bridgeway against installation milestones, not as a lump sum to you.
Installation and net metering
We install in 7–14 days, file the net-metering application with your discom, and hand over a system that's already generating credits.
FAQs — SBI solar loan
What is the SBI solar loan interest rate?+
SBI's rooftop solar loan under PM Surya Ghar is offered at 6.5% reducing-balance interest, with tenure up to 10 years and zero foreclosure charges. Final rate may vary by branch and credit profile.
How much loan can I get from SBI for solar?+
SBI funds the post-subsidy project cost — typically up to ₹6 lakh for systems up to 10 kW under PM Surya Ghar. Above 10 kW, separate appraisal applies.
Do I need to pay anything upfront?+
Most homeowners pay zero upfront. The PM Surya Ghar subsidy is settled directly with Bridgeway, and SBI disburses the balance against installation milestones.
How long does SBI take to sanction a solar loan?+
Sanction typically takes 2–3 weeks if your dossier is complete. Bridgeway packages the file end-to-end so the branch has nothing to chase.
Can I prepay or foreclose the SBI solar loan?+
Yes. SBI Surya Ghar loans carry zero foreclosure charges. You can prepay any time from your generation credits or surplus cashflow.
Where Bridgeway fits
Bridgeway is empanelled with PM Surya Ghar and works with all major lenders, including SBI. We don't earn referral fees from SBI — we make our money installing the system. That means the financing recommendation you get is based on which loan structure actually fits your situation.