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Bank of Maharashtra Solar Water Heater Loan

Term finance for 80%-85% of the cost of a new solar water-heating 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 is published.TenureThree to five years.
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Quick eligibility check

Bank of Maharashtra Solar Water Heater 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: Eligible applicants are small or marginal farmers, sharecroppers, tenant farmers and agriculture entrepreneurs using the system for an agro-processing unit?

Published source: Eligibility

3Do you meet this requirement: Available to eligible small and marginal farmers, sharecroppers, tenants and agriculture entrepreneurs for an agro-processing unit?

4Document checkDo you have this required document or proof: Application form?

Published source: Eligibility

5Document checkDo you have this required document or proof: Land 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: Equipment quotations and estimates?

Published source: Eligibility
0 of 7 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 31 Aug 2026 · active
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 water-heating system and accessories used by an agro-processing unit.View source
Only the unambiguous product purpose is used; the contradictory Components row remains in the source table.
Source
Financing Solar Water Heaters
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
Both exact formula slabs are calculated from the current benchmark.
Source
Solar Water Heaters 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 ₹10 lakh.View source
Current benchmark paired with the exact page spreads.
Source
effective 25.07.2026
Page / section
Page 1
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
APRNot published.View source
No fee-inclusive appears.
Source
Financing Solar Water Heaters
Page / section
Complete page and current schedules
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
EligibilityNo salary floor. Eligible applicants are small or marginal farmers, sharecroppers, tenant farmers and agriculture entrepreneurs using the system for an agro-processing unit.View source
All published customer types and the use condition are retained.
Source
Financing Solar Water Heaters
Page / section
Eligibility
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Maximum finance80%-85% of project cost including accessories; no universal rupee cap is published.View source
The page publishes a project-cost range rather than a rupee maximum.
Source
Financing Solar Water Heaters
Page / section
Amount
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
TenureThree to five years.View source
Published repayment range.
Source
Financing Solar Water Heaters
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
Current agriculture term-loan tariff.
Source
Service Charges
Page / section
page 81, agriculture term-loan row
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Prepayment charge2% of prepaid amount when prepayment exceeds 25% of sanctioned limit; nil when principal outstanding is below 25% of sanctioned limit; MSEs are exempt.View source
Current all-credit term-loan rule.
Source
Service Charges - All Credit
Page / section
Term-loan prepayment row
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Brand-new solar water-heating system for agro-processing
  • 80%-85% of project cost
  • Nil margin up to ₹2 lakh
  • Three-to-five-year repayment

Eligibility

  • Available to eligible small and marginal farmers, sharecroppers, tenants and agriculture entrepreneurs for an agro-processing unit.

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

Documents the bank lists

  • Application form
  • Land and boundary records
  • No-dues certificates including PACS
  • Equipment quotations and estimates
  • Legal search above ₹1.60 lakh where land is mortgaged
  • Guarantee Form and guarantor records where required

Related official documents

Marginal Cost of Funds Based Lending Rates 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 Water Heatersofficial-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

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.

Facility · Published detailTerm Loan

This value is copied from Solar Water Heaters - complete published scheme table. Check the table notes before relying on it.

Source: Financing Solar Water Heaters · 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 Water Heaters - complete published scheme tableView tableHide table

Scroll sideways to view every column

Solar Water Heaters - complete published scheme table
ParticularPublished detail
FacilityTerm Loan
PurposePurchase of a brand-new solar water-heating system and accessories for an agro-processing unit
EligibilitySmall and marginal farmers, sharecroppers, tenant farmers and agriculture entrepreneurs
Components — published-page inconsistencyThe official solar-water-heater page lists a solar photovoltaic panel and four pump types. This contradicts its stated water-heater purpose and is preserved here as published, not treated as verified product scope.
Amount80%-85% of project cost including accessories
MarginNil up to ₹2 lakh; 15%-25% above
RateUp to ₹10 lakh 1Y +BSS 0.50%+2%; above ₹10 lakh +3%
SecurityUp to ₹2 lakh: equipment/accessories hypothecation; above ₹2 lakh: additional guarantee or land mortgage
RepaymentThree to five years
DocumentsApplication; land/boundary records; no-dues including PACS; legal search where mortgaged; quotations/estimates; guarantee/guarantor records
Financing Solar Water Heaters · Complete table · accessed 31 Aug 2026Open official source ↗
Table 2 · 5 rows · 3 columnsBank of Maharashtra MCLR effective 25 July 2026View tableHide table

Scroll sideways to view every column

Bank of Maharashtra MCLR effective 25 July 2026
TenorResidual maturity p.a.
Overnight1 day7.30%
One month>1 day to 1 month8.30%
Three months>1 to 3 months8.55%
Six months>3 to 6 months8.90%
One year>6 months9.00%
effective 25.07.2026 · Page 1 · accessed 31 Aug 2026Open official source ↗

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