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Surya Shakti – Solar Finance

term loans for grid-connected rooftop or ground-mounted solar projects, up to ₹10 crore for captive projects and ₹50 crore for power-sale projects, with 10- or 15-year terms and published financial benchmarks.

Facility amountCaptive maximum ₹10 crore; other-than-captive projects maximum ₹50 crorePricingRating or scheme-specific and bank-guideline based; EBR linked for MSMEs and 6-month MCLR linked for non-MSMEs; no single product rate publishedEligibilityExisting/prospective SME and business enterprises; cooperative housing societies may use the captive variant. Grid connection, net metering, promoter CIBIL ≥650, Udyam for MSMEs and repayment-covering electricity savings are required.
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Quick eligibility check

Surya Shakti – Solar Finance

0 of 5 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.

1Do you meet this requirement: Existing/prospective SME and business enterprises?

Published source: Eligibility

2Do you meet this requirement: cooperative housing societies may use the captive variant?

Published source: Eligibility

3Do you meet this requirement: Grid connection, net metering, promoter CIBIL ≥650, Udyam for MSMEs and repayment-covering electricity savings are required?

Published source: Eligibility

4Do you meet this requirement: Existing and prospective SME/business enterprises need grid connection, net metering and promoter CIBIL scores of at least 650?

5Do you meet this requirement: MSMEs need Udyam registration?

0 of 5 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 1 Sept 2026 · active
Offered byState Bank of India

India; grid-connected solar projects

Key facts

What the official sources publish

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

PurposeInstallation of grid-connected rooftop or ground-mounted solar systems for captive use or sale of power under group captive, open access or RESCO/PPA arrangementsEffective 11 Mar 2026View source
For installation of Solar rooftop / ground mounted grid-connected systems for captive use ... or Sale of Power under Power Purchase Arrangement (PPA) under Group Captive, Open Access (Third Party), RESCO.
Source
Surya Shakti — official product page
Page / section
Objective / Purpose
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
EligibilityExisting/prospective SME and business enterprises; cooperative housing societies may use the captive variant. Grid connection, net metering, promoter CIBIL ≥650, Udyam for MSMEs and repayment-covering electricity savings are required.Effective 11 Mar 2026View source
Existing and Prospective & Business enterprises... Score of all Promoters not less than 650; Solar systems to be Grid connected; Net Metering Arrangement; unit should have Udyam Registration Number.
Source
Surya Shakti — official product page
Page / section
Eligibility and Financial benchmarks
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
FacilityTerm loan for both captive and other-than-captive projectsEffective 11 Mar 2026View source
Facilities Available: Term Loan for Captive Variant and Other than Captive Projects.
Source
Surya Shakti — official product page
Page / section
Surya Shakti Solar Finance table — Facilities Available
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
Facility amountCaptive maximum ₹10 crore; other-than-captive projects maximum ₹50 croreEffective 11 Mar 2026View source
Quantum of Loan: Captive Variant Maximum Rs.10 Crores; Other than Captive Projects Maximum Rs.50 Crores.
Source
Surya Shakti — official product page
Page / section
Surya Shakti Solar Finance table — Quantum of Loan
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
Turnover / vintageNot published as a numeric turnover or business-vintage threshold; SBI instead publishes project, registration, credit-score and financial-ratio testsEffective 11 Mar 2026View source
No numeric turnover or business-vintage threshold appears on the complete page.
Source
Surya Shakti — official product page
Page / section
Complete page review — Eligibility and Financial benchmarks
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
PricingRating or scheme-specific and bank-guideline based; EBR linked for MSMEs and 6-month MCLR linked for non-MSMEs; no single product rate publishedEffective 11 Mar 2026View source
Attractive Interest rates based on rating... linked (for ) & 6 months linked (for Non-).
Source
Surya Shakti — official product page
Page / section
Surya Shakti Solar Finance table — Pricing
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
Borrower marginCaptive: minimum 20% with deviation not permitted. Other-than-captive: minimum 25% with deviation.Effective 11 Mar 2026View source
Captive Variant: 20% (minimum) Deviation not permitted; Other than Captive Projects: 25% (minimum) Deviation.
Source
Surya Shakti — official product page
Page / section
Surya Shakti Solar Finance table — Borrower's Margin / Contribution
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
Repayment periodCaptive maximum 10 years including initial moratorium; other-than-captive maximum 15 years including initial moratoriumEffective 11 Mar 2026View source
Repayment Period: 10 years (maximum incl. initial moratorium) for Captive; 15 years for Other than Captive Projects.
Source
Surya Shakti — official product page
Page / section
Surya Shakti Solar Finance table — Repayment Period
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
Processing fee0.75% of term-loan amount plus applicable GSTEffective 11 Mar 2026View source
Processing Fee/ Upfront Fee: 0.75% of Term loan amount + applicable .
Source
Surya Shakti — official product page
Page / section
Surya Shakti Solar Finance table — Processing Fee / Upfront Fee
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
SecurityHypothecation of financed assets; negative lien on the installation property; 25% cash collateral for registered cooperative housing societies. Collateral is not mandatory where security coverage is adequate; promoter personal guarantee is required.Effective 11 Mar 2026View source
Hypothecation of Assets... Negative lien... Cash collateral of 25% for registered Co-operative Housing Societies; collateral not mandatory if security coverage is adequate; personal guarantee of promoters.
Source
Surya Shakti — official product page
Page / section
Security and Terms & Conditions
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
PrepaymentNilEffective 11 Mar 2026View source
Pre-payment charges: Nil.
Source
Surya Shakti — official product page
Page / section
Terms & Conditions
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
Required documentsNot published on the reviewed official product pageEffective 11 Mar 2026View source
No enumerated applicant document checklist appears on the complete page.
Source
Surya Shakti — official product page
Page / section
Complete page review
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
Geographic limitsIndia; grid-connected solar projectsView source
The manually reviewed product record states: “India; grid-connected solar projects”.
Source
Surya Shakti – Solar Finance — official product page
Page / section
Published product metadata
Accessed
1 Sept 2026
Confidence
high
Open official source ↗

Benefits and features

  • Captive and PPA/open-access/RESCO variants
  • Up to ₹10 crore captive or ₹50 crore other-than-captive
  • 10- or 15-year maximum term
  • Nil prepayment charges

Eligibility

  • Existing and prospective /business enterprises need grid connection, net metering and promoter scores of at least 650; need Udyam registration.
  • The page publishes 1.20, FACR 1.10, ICR 1.75, debt-equity 4:1 and debt/ 6 benchmarks. EPC contractors must be MNRE/DISCOM registered for the captive variant.

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

Documents the bank lists

  • Not published on the reviewed official product page; technical, financial and registration conditions are stated but no fixed checklist is enumerated.

Related official documents

Surya Shakti — official SBI product pageofficial-product-page · current · accessed 1 Sept 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.

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Customer · Captive variantExisting/prospective and business enterprises; cooperative housing societies

This value is copied from Surya Shakti — captive and other-than-captive terms. Check the table notes before relying on it.

Source: Surya Shakti — official product page · Surya Shakti Solar Finance table, Eligibility and Terms & Conditions Open official source ↗

Published tables

Complete rates, limits and schedules

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

Table 1 · 9 rows · 3 columnsSurya Shakti — captive and other-than-captive termsThe complete two-column variant table published by SBI.View tableHide table

Scroll sideways to view every column

Surya Shakti — captive and other-than-captive terms
ParameterCaptive variantOther-than-captive projects
CustomerExisting/prospective and business enterprises; cooperative housing societiesExisting/prospective and business enterprises with long-term PPA; group captive projects
FacilityTerm loanTerm loan
Maximum₹10 crore₹50 crore
MarginMinimum 20%; no deviationMinimum 25%
Repayment10 years including initial moratorium15 years including initial moratorium
PricingRating/bank-guideline based; , non- 6-month Rating/bank-guideline based; , non- 6-month
Processing0.75% + 0.75% +
SecurityAsset hypothecation, negative lien; 25% cash collateral for qualifying societiesAsset hypothecation and negative lien as assessed
PrepaymentNilNil
  • Eligibility benchmarks: promoter ≥650, grid connection, net metering, Udyam for , Gross ≥1.20, FACR ≥1.10, ICR ≥1.75, debt-equity ≤4:1 and debt/ ≤6. Last updated: 11 March 2026.
Surya Shakti — official product page · Surya Shakti Solar Finance table, Eligibility and Terms & Conditions · accessed 1 Sept 2026Open official source ↗

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