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Rooftop Solar Loan
Punjab National Bank (PNB), headquartered in New Delhi. Nationwide presence, PNB is highly trusted for retail and green energy financing.
Availing Loan
NEVER BEEN SO EASY
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🌞 PNB Rooftop Solar Loan – Install Solar Panels with Easy EMI & Government Subsidy
Switch to rooftop solar system without worrying about high upfront cost. With PNB Rooftop Solar Loan, you can finance your residential solar installation and repay comfortably through affordable EMIs while enjoying electricity bill savings and government subsidy benefits.
Apply on PoketCare and compare solar loan interest rates instantly.
📊 PNB Rooftop Solar Loan – Types & Features
| Loan Type | Interest Type | Interest Rate (Approx.) | Maximum Tenure | LTV | Loan Amount |
|---|---|---|---|---|---|
| Residential Rooftop Solar Loan | Floating | 8.75% – 11.50% p.a. | Up to 10 Years | Up to 90% | ₹50,000 – ₹30 Lakhs |
| Residential Rooftop Solar Loan | Fixed (Limited Cases) | 9.50% – 12.50% p.a. | Up to 7 Years | Up to 85% | ₹50,000 – ₹20 Lakhs |
Final rate depends on CIBIL score, income profile, and solar system size (kW capacity).
🔵 PoketCare Pro Tip
If you are planning 3kW or higher system, opt for longer tenure so EMI becomes equal or lower than current electricity bill ⚡
🇮🇳 Government Subsidy Benefit – PM Surya Ghar Yojana
PNB finances rooftop solar systems eligible under:
PM Surya Ghar: Muft Bijli Yojana
💸Subsidy Structure (Residential)
| Solar Capacity | Central Subsidy |
|---|---|
| Up to 2 kW | ₹30,000 per kW |
| Additional 1 kW (up to 3 kW total) | ₹18,000 |
| Maximum Subsidy | ₹78,000 |
🔗 Official Portal: https://pmsuryaghar.gov.in/
🔗 MNRE Website: https://mnre.gov.in/
🔗 National Solar Portal: https://solarrooftop.gov.in/
🏡 How Subsidy Works with PNB Loan
1️⃣ Register on official solar portal
2️⃣ Select MNRE-approved vendor
3️⃣ Apply PNB Solar Loan via PoketCare
4️⃣ Install system & net-metering approval
5️⃣ Subsidy credited directly to your bank account
You can use subsidy amount to reduce outstanding loan.
🔵 PoketCare Pro Tip
Always choose government-approved vendor to avoid subsidy rejection.
👥 Ideal Borrowers & Eligibility Criteria
✅ Applicant Criteria
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Indian Resident
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Age: 21–65 Years
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CIBIL Score: 700+ preferred
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Self-owned residential property
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Stable income proof
👥 Co-Applicant Advantage
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Spouse / Parent / Earning Child
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Improves eligibility
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Increases loan sanction amount
Other Income Considered
To increase eligibility, you can declare:
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Rental Income 🏠
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Agricultural Income 🌾
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Interest Income (FD/RD)
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Pension Income
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Freelance / Professional Income
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Family Business Income
🔵 PoketCare Pro Tip
Submit documented additional income to improve Loan-to-Value approval.
📄 Documents Checklist
🧑💼 Salaried
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Aadhaar & PAN
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Last 3 Salary Slips
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6 Months Bank Statement
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Form 16 / ITR
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Electricity Bill
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Property Ownership Proof
🧑💻 Self-Employed
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Aadhaar & PAN
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Last 2–3 Years ITR
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GST / Business Registration
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6–12 Months Bank Statement
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Property Documents
👴 Pensioner / Others
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Pension Statement
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Rental Agreement (if applicable)
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Investment Proof
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Bank Statements
🏡 Loan Type Fit for Borrower Profile
| Borrower Type | Recommended Loan Type | Reason |
|---|---|---|
| Salaried Individual | Floating Rate | Lower initial EMI |
| Government Employee | Floating (Long Tenure) | Stable repayment |
| Self-Employed | Fixed or Floating | Flexible choice |
| Pensioner | Short Tenure | Faster closure |
| Rental Income Earner | Co-applicant + Floating | Higher eligibility |
🛡️ Insurance Recommendation for Solar Loan
Protect your investment and family 👨👩👧👦
Recommended Options:
- PNB MetLife Loan Protection Plan
- New India Assurance Solar Panel Insurance
- Home Structure Insurance Cover
Benefits:
- Covers outstanding loan in case of unfortunate event
- Protects rooftop system from fire, theft, storm damage
🔵 PoketCare Pro Tip
Solar panels are exposed to weather. Always opt for property insurance add-on.
💸 PNB Rooftop Solar Loan – All Charges
| Charge Type | Range (₹ / %) |
|---|---|
| Processing Fee | 0.35% – 1% of Loan Amount |
| Documentation Charges | ₹1,000 – ₹5,000 |
| Legal & Technical Charges | ₹3,000 – ₹8,000 |
| Prepayment Charges (Floating) | NIL for Individuals |
| Prepayment Charges (Fixed) | 2% – 3% |
| Foreclosure Charges | 2% – 4% |
| Penal Interest | 2% above ROI |
| EMI Bounce Charges | ₹500 – ₹750 |
| Stamp Duty | As per State Law |
| Insurance Premium | As applicable |
🔵 PoketCare Pro Tip
Public sector banks usually offer lower processing fees compared to NBFCs. Compare before applying.
🌟 Benefits of PNB Rooftop Solar Loan
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⚡ Affordable EMI repayment
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🇮🇳 Government-backed bank trust
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💰 Subsidy eligible financing
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🏡 Up to 90% project funding
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📉 Competitive floating interest rates
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🌱 Supports green energy adoption
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📈 Increases property value
🚀 Why Apply Through PoketCare?
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🤖 AI-powered solar loan comparison
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📊 Best rate matching
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📄 100% transparent charges
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📞 Dedicated solar advisor
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🏆 Higher approval chances
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🧮 EMI Calculator: https://www.poketcare.com/emi-calculator
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📊 CIBIL Check: https://www.cibil.com/
📝 How to Apply for PNB Rooftop Solar Loan?
1️⃣ Check eligibility via PoketCare
2️⃣ Upload documents online
3️⃣ Compare offers
4️⃣ Get sanction letter
5️⃣ Install rooftop solar
6️⃣ Receive government subsidy
🎯 Conclusion – Go Solar with PNB & Save for 25+ Years
With PNB Rooftop Solar Loan + Government Subsidy, you reduce electricity bills, increase home value, and contribute to clean energy India 🌞🇮🇳
Apply via PoketCare today and finance your rooftop solar system smartly with best interest rate comparison.