SBI Surya Ghar Loan 2026: Interest Rate, EMI & Eligibility

SBI Surya Ghar Loan 2026: latest rates and eligibility

SBI offers a dedicated PM Surya Ghar loan for rooftop solar. This is useful for homeowners who want solar but do not want to pay the full upfront amount.

The most important 2026 update: SBI’s official page lists different rates depending on loan size.

SBI solar loan interest rate

Rates can change, so always verify from SBI before final application.

Key features

• purpose: residential rooftop solar under PM Surya Ghar
• maximum tenure: up to 10 years
• margin money: 10% of project cost
• processing fee: nil/waived under the scheme as per SBI page
• loan up to ₹2 lakh: no minimum income criterion mentioned
• loan above ₹2 lakh and up to ₹6 lakh: net annual income requirement applies
• CIBIL requirement is stricter for higher loan amounts

EMI examples

These are indicative EMI examples only.

Actual EMI depends on SBI approval, loan date, rate, insurance and final sanctioned amount.

Who should consider SBI Surya Ghar loan?

This loan is useful if:

• you want solar but prefer not to pay full amount upfront
• your monthly bill saving is close to or higher than EMI
• you plan to stay in the same home for several years
• you are eligible for PM Surya Ghar subsidy
• your installer can provide proper proforma invoice and documents

Documents usually required

• Aadhaar card
• PAN card if applicable
• latest electricity bill
• applicant photograph
• bank account details
• proforma invoice from solar vendor
• proof of ownership/occupancy if required
• income documents if loan amount is above SBI’s lower slab

Application process

1. Check your solar system size and estimated cost.
2. Get quotation/proforma invoice from a verified solar vendor.
3. Check subsidy eligibility on PM Surya Ghar portal.
4. Apply for loan through SBI route/branch/linked portal.
5. Submit KYC and project documents.
6. SBI checks eligibility and sanctions loan.
7. Installation and disbursement follow bank/vendor process.
8. Subsidy is credited separately after commissioning and DISCOM approval.

Important: loan and subsidy are different

The loan helps finance the project. Subsidy is released after installation and approval. Do not assume subsidy will be received before payment unless bank/vendor process clearly explains it in writing.

Should you take a loan or pay cash?

Choose cash payment if:

• you have funds available
• you want maximum ROI
• you do not want EMI

Choose loan if:

• upfront cost is the main barrier
• EMI is lower than your expected electricity savings
• you want to preserve cash for other needs

FAQ

What is SBI Surya Ghar loan interest rate in 2026?

SBI lists 5.75% p.a. for loans up to ₹2 lakh and 7.90% p.a. for loans above ₹2 lakh and up to ₹6 lakh.

Is processing fee charged?

SBI’s page says processing fee has been waived for the SBI Surya Ghar scheme.

Is CIBIL required?

For higher loan amounts, SBI mentions CIBIL criteria. Customers with default/write-off history may not be eligible.

Can subsidy reduce my EMI?

Subsidy is generally processed after commissioning and approval. Ask SBI how subsidy adjustment will work for your specific loan.