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Bank of Maharashtra Rooftop Solar Panel Loan ( Suryaghar)

Residential rooftop-solar finance for systems up to 10 kW, with separate income, margin, amount and rate rules for systems up to 3 kW and above 3 kW.

RateUp to ₹2 lakh: 5.75% (RLLR − 2.30%) for eligible borrowers. Above ₹2 lakh, non-home-loan borrowers: 8.25% at CIBIL 800+, 8.55% at 750–799, 8.80% at 700–749/NTC and 9.05% at 680–699; eligible home-loan customers receive the applicable home-loan rate.Maximum amountMinimum ₹10,000. Maximum ₹2 lakh for systems up to 3 kW and ₹10 lakh for systems above 3 kW to 10 kW.Tenure120 months including a moratorium up to six months.
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Quick eligibility check

Bank of Maharashtra Rooftop Solar Panel Loan ( Suryaghar)

0 of 6 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Does your annual income meet this requirement: No minimum annual income for systems up to 3 kW?

Published source: Minimum income

2Does your annual income meet this requirement: minimum ₹3 lakh annual income for systems above 3 kW to 10 kW?

Published source: Minimum income

3Do you meet this requirement: Applicant must be 21–70 including repayment, have rooftop rights, sufficient roof area, latest electricity bill and a Bank of Maharashtra savings account?

4Does your annual income meet this requirement: No income floor up to 3 kW?

5Does your annual income meet this requirement: ₹3 lakh annual income above 3 kW?

6Document checkDo you have this required document or proof: KYC, electricity bill, rooftop-right evidence, approved project/vendor details, income proof for above 3 kW and subsidy/portal documents?

Published source: Minimum income
0 of 6 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 31 Aug 2026 · active
Offered byBank of Maharashtra

India; subject to Suryaghar, MNRE and DISCOM requirements

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Loan typeResidential green loan for grid-connected rooftop solar up to 10 kW under PM Suryaghar.View source
The page separates up-to-3 kW and above-3-to-10 kW residential systems.
Source
Rooftop Solar Panel Loan
Page / section
Purpose
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
RateUp to ₹2 lakh: 5.75% (RLLR − 2.30%) for eligible borrowers. Above ₹2 lakh, non-home-loan borrowers: 8.25% at CIBIL 800+, 8.55% at 750–799, 8.80% at 700–749/NTC and 9.05% at 680–699; eligible home-loan customers receive the applicable home-loan rate.View source
The current table prints spreads and effective rates by amount and band.
Source
Retail Interest Rates
Page / section
Rooftop Solar Panel Loan table
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
BenchmarkRLLR, shown as 8.05% on the current rate page; spread is −2.30% up to ₹2 lakh and +0.20% to +1.00% above ₹2 lakh for non-home-loan borrowers.View source
The table publishes the benchmark and spread for each band.
Source
Retail Interest Rates
Page / section
Rooftop Solar table
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
APRNo separate APR is published; the bank publishes effective ROI and charges separately.View source
The scheme has and fee rows but no fee-inclusive .
Source
Rooftop Solar Panel Loan
Page / section
Rate and fees
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Minimum incomeNo minimum annual income for systems up to 3 kW; minimum ₹3 lakh annual income for systems above 3 kW to 10 kW.View source
The table explicitly differentiates the two capacity bands.
Source
Rooftop Solar Panel Loan
Page / section
Annual Income Criteria
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Maximum amountMinimum ₹10,000. Maximum ₹2 lakh for systems up to 3 kW and ₹10 lakh for systems above 3 kW to 10 kW.View source
The official capacity-band table gives each maximum.
Source
Rooftop Solar Panel Loan
Page / section
Minimum and Maximum Loan amount
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Tenure120 months including a moratorium up to six months.View source
The page states six-month moratorium and 120-month inclusive tenure.
Source
Rooftop Solar Panel Loan
Page / section
Moratorium; loan repayment period
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Processing feeNil processing fee. Account-handling charge: ₹500 plus 0.20% of loan amount, minimum ₹500 and maximum ₹2,500, excluding GST.View source
The official table distinguishes nil processing from account-handling charges.
Source
Rooftop Solar Panel Loan
Page / section
Processing Fees; Account Handling Charges
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Prepayment / foreclosureNo prepayment charge for floating-rate retail loans to individuals under the current service-charge rule.View source
The current schedule removes pre-payment charges for floating-rate retail loans to individuals.
Source
Service Charges
Page / section
Advances rule 12
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • ₹10,000 minimum; up to ₹2 lakh for systems up to 3 kW and ₹10 lakh for above 3 kW to 10 kW
  • Rate 5.75% for eligible loans up to ₹2 lakh on the reviewed table
  • Nil processing fee
  • Tenure up to 120 months including six-month moratorium

Eligibility

  • Applicant must be 21–70 including repayment, have rooftop rights, sufficient roof area, latest electricity bill and a Bank of Maharashtra savings account. No income floor up to 3 kW; ₹3 lakh annual income above 3 kW. Product page eligibility refers to CIBIL 680+/NTC while the rate section also mentions 650+; final sanction follows the bank's verified current rule.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • , electricity bill, rooftop-right evidence, approved project/vendor details, income proof for above 3 kW and subsidy/portal documents

Related official documents

Retail Interest Rates — vehicle and rooftop-solar tablesofficial-product-page · current · accessed 31 Aug 2026
↗
Mahabank Rooftop Solar Panel Loan Scheme — PM Suryagharofficial-product-page · current · accessed 31 Aug 2026
↗
Service Charges — vehicle and rooftop-solar rowsofficial-product-page · current · accessed 31 Aug 2026
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

Try your numbers

Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

750 and above · spread+3.15%

This value is copied from Two-wheeler and pre-owned car — current -linked rates. Check the table notes before relying on it.

Source: Retail Interest Rates · Vehicle loan tables Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 6 rows · 3 columnsTwo-wheeler and pre-owned car — current CIBIL-linked ratesView tableHide table

Scroll sideways to view every column

Two-wheeler and pre-owned car — current CIBIL-linked rates
band spreadEffective rate
750 and above+3.15%11.20%
700–749+3.50%11.55%
650–699+4.00%12.05%
600–649+5.00%13.05%
Below 600+6.00%14.05%
-1 / 0 / 01–05+4.00%12.05%
Retail Interest Rates · Vehicle loan tables · accessed 31 Aug 2026Open official source ↗
Table 2 · 6 rows · 3 columnsRooftop Solar Loan — capacity-band termsView tableHide table

Scroll sideways to view every column

Rooftop Solar Loan — capacity-band terms
ParameterUp to 3 kWAbove 3 kW to 10 kW
IncomeNo minimum annual income₹3 lakh minimum annual income
Loan amount₹10,000–₹2 lakh₹10,000–₹10 lakh
Margin10%20%
Rate5.75% for eligible loan up to ₹2 lakh8.25%–9.05% for non-home-loan borrowers by ; home-loan rate for eligible home-loan customers
Tenure120 months including up to 6-month moratorium120 months including up to 6-month moratorium
ProcessingNil; separate ₹500 + 0.20% account-handling charge within ₹500–₹2,500Nil; same account-handling rule
Mahabank Rooftop Solar Panel Loan Scheme · Complete scheme comparison table · accessed 31 Aug 2026Open official source ↗

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