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Bank of Maharashtra Solar Home Lighting Loan

Term finance for 80%-85% of a new solar lighting system and accessories for an agro-processing unit, repayable over three to five years.

Interest rateUp to ₹10 lakh: current 11.50% p.a. Above ₹10 lakh: current 12.50% p.a.Maximum finance80%-85% of project cost including accessories; no universal rupee cap.TenureThree to five years.
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Quick eligibility check

Bank of Maharashtra Solar Home Lighting Loan

0 of 7 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 salary floor?

Published source: Eligibility

2Do you meet this requirement: Applicants must be eligible small/marginal farmers, sharecroppers, tenants or agriculture entrepreneurs using the system for an agro-processing unit?

Published source: Eligibility

3Do you meet this requirement: For eligible small and marginal farmers, sharecroppers, tenant farmers and agriculture entrepreneurs purchasing a new solar lighting system for an agro-processing unit?

4Document checkDo you have this required document or proof: Loan application?

Published source: Eligibility

5Document checkDo you have this required document or proof: 7/12, 8A, 6D and boundary records?

Published source: Eligibility

6Document checkDo you have this required document or proof: No-dues certificates including PACS?

Published source: Eligibility

7Document checkDo you have this required document or proof: Legal search above ₹1.60 lakh where land is mortgaged?

Published source: Eligibility
0 of 7 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 31 Aug 2026 · active
Bank of Maharashtra Solar Home Lighting Scheme
Offered byBank of Maharashtra

India

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 typeAgriculture term loan for a new solar lighting system and accessories used by an agro-processing unit.View source
Published product-page or tariff row reviewed in full.
Source
Solar Home Lighting Scheme
Page / section
Facility; Purpose
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Interest rateUp to ₹10 lakh: current 11.50% p.a. Above ₹10 lakh: current 12.50% p.a.View source
Published product-page or tariff row reviewed in full.
Source
Solar Home Lighting and current notice
Page / section
Rate; page 1
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
BenchmarkOne-year MCLR 9.00% + BSS 0.50% + 2.00% up to ₹10 lakh, or +3.00% above.View source
Published product-page or tariff row reviewed in full.
Source
effective 25.07.2026
Page / section
Page 1
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
APRNot published.View source
Published product-page or tariff row reviewed in full.
Source
Solar Home Lighting Scheme
Page / section
Complete page and schedules
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
EligibilityNo salary floor. Applicants must be eligible small/marginal farmers, sharecroppers, tenants or agriculture entrepreneurs using the system for an agro-processing unit.View source
Published product-page or tariff row reviewed in full.
Source
Solar Home Lighting Scheme
Page / section
Eligibility
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Maximum finance80%-85% of project cost including accessories; no universal rupee cap.View source
Published product-page or tariff row reviewed in full.
Source
Solar Home Lighting Scheme
Page / section
Amount
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
TenureThree to five years.View source
Published product-page or tariff row reviewed in full.
Source
Solar Home Lighting Scheme
Page / section
Repayment
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Processing feeNil up to ₹5 lakh; 1% above ₹5 lakh to ₹25 crore.View source
Published product-page or tariff row reviewed in full.
Source
Service Charges
Page / section
page 81
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Prepayment charge2% when prepayment exceeds 25% of sanctioned limit; nil below the published outstanding threshold; MSEs exempt.View source
Published product-page or tariff row reviewed in full.
Source
Service Charges - All Credit
Page / section
Term-loan prepayment row
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Four published LED lighting configurations
  • 80%-85% project-cost finance
  • Nil margin up to ₹2 lakh
  • Three-to-five-year repayment

Eligibility

  • For eligible small and marginal farmers, sharecroppers, tenant farmers and agriculture entrepreneurs purchasing a new solar lighting system for an agro-processing unit.

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

Documents the bank lists

  • Loan application
  • 7/12, 8A, 6D and boundary records
  • No-dues certificates including PACS
  • Legal search above ₹1.60 lakh where land is mortgaged
  • Quotations or estimates
  • Guarantor form and guarantor land/PACS records above ₹1.60 lakh

Related official documents

MCLR and RLLR with effect from 25.07.2026official-pdf · current · accessed 31 Aug 2026
↗
Bank of Maharashtra Service Charges - Commercial, MSME and Agriculture Creditofficial-pdf · current · accessed 31 Aug 2026
↗
Financing Solar Home Lighting Schemeofficial-product-page · current · accessed 31 Aug 2026
↗

Plan before applying

Try the numbers

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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

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Facility · Published detailTerm Loan

This value is copied from Solar Home Lighting Scheme - complete published table. Check the table notes before relying on it.

Source: Solar Home Lighting Scheme · Complete table Open official source ↗

Published tables

Complete rates, limits and schedules

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

Table 1 · 10 rows · 2 columnsSolar Home Lighting Scheme - complete published tableView tableHide table

Scroll sideways to view every column

Solar Home Lighting Scheme - complete published table
ParticularPublished detail
FacilityTerm Loan
PurposeBrand-new solar lighting system and accessories for an agro-processing unit
EligibilitySmall/marginal farmers; sharecroppers/tenant farmers; agriculture entrepreneurs
ComponentsModel I: one white LED luminaire; Model II: two; Model III: three plus one DC fan up to 10W; Model IV: four white LEDs
Amount80%-85% of project cost including accessories
MarginNil up to ₹2 lakh; 15%-20% above
RateUp to ₹10 lakh 1Y +BSS 0.50%+2%; above +3%
SecurityUp to ₹2 lakh equipment/accessory hypothecation; above plus guarantee or land mortgage
RepaymentThree to five years
DocumentsApplication; 7/12, 8A, 6D, boundaries; no-dues/PACS; legal search where mortgaged; quotations/estimates; guarantor form and records
Solar Home Lighting Scheme · Complete table · accessed 31 Aug 2026Open official source ↗
Table 2 · 6 rows · 3 columnsBank of Maharashtra benchmark rates effective 25 July 2026View tableHide table

Scroll sideways to view every column

Bank of Maharashtra benchmark rates effective 25 July 2026
Benchmark / tenorResidual maturityRate p.a.
Overnight 1 day7.30%
One-month >1 day to 1 month8.30%
Three-month >1 to 3 months8.55%
Six-month >3 to 6 months8.90%
One-year >6 months9.00%
External benchmark8.05%
and effective 25.07.2026 · Page 1 · accessed 31 Aug 2026Open official source ↗

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