PM Surya Ghar solar loans are available from all major nationalised banks. Zolar Roof is primarily associated with SBI for fast disbursement. Two products available — no extra collateral, government subsidy credited directly to loan account.
Basic Solar Loan
Documents required
Advanced Solar Loan
Documents required
Co-payment is a central government mandate now enforced by all banks. For loans up to ₹2 lakh / 3kW systems, a minimum 10% co-payment of total project cost is required. For loans above ₹2 lakh, a 20% co-payment is mandatory. The solar system itself is the only collateral needed — no additional property pledge required.
Adjust project cost, loan amount and tenure. The calculator automatically picks the right product tier, co-payment obligation and subsidy-adjusted EMI based on current PM Surya Ghar loan norms.
Range ₹50,000 – ₹8,00,000
Maximum depends on project cost. Auto-capped at 90% or 80%.
12 to 120 months. No processing fee. No prepayment penalty.
Product & Rate
Co-payment (mandatory)
EMI before subsidy
First 2–3 months at this rate.
EMI after subsidy
Total paid amount
Total interest paid
Customer + Zolar Roof
Application is filed digitally via JanSamarth linked to the PMSG national portal. Digital approval is typically obtained on the same day. Documents are submitted to the bank the next working day.
Bank action
Within 4 working days the bank processes the loan. Customer visits bank to sign documents. The bank releases 60% of the sanctioned loan amount directly to Zolar Roof for procurement and installation.
Customer action
Customer pays their mandatory co-payment (10% of project cost for loans ≤₹2L or 20% for loans above ₹2L) to Zolar Roof along with the first disbursement. This is non-negotiable per GOI guidelines.
Installation
Zolar Roof completes the full solar power plant installation, testing and commissioning within 14 working days of receiving the first disbursement and co-payment.
Bank action
Zolar Roof submits completion report, commissioning certificate and invoices to the bank. The bank releases the remaining 40% of the loan amount to Zolar Roof.
KSEB process
KSEB commissions the net meter within 7 working days. Zolar Roof updates the PMSG MBY national portal with project details, commissioning certificate and required documents for subsidy processing.
Government of India
GOI credits subsidy (up to ₹78,000 for 3kW systems) directly to the loan account within 30–90 days of portal approval. The bank restructures the EMI automatically. Your first 2–3 EMIs will be higher; all subsequent EMIs will be lower after subsidy adjustment.
70%
Deemed as goods supply
Solar power generating system component — taxed at 5% GST as per composite supply rules.
30%
Deemed as services
Installation, commissioning and EPC service component — taxed at 18% GST.
~8.9%
Effective blended GST
The effective GST for the entire project. GST-registered businesses can claim full input tax credit, reducing net project cost. As per CBIC Circular 163/19/2021-GST.
Some vendors advertise 100% solar loans or offer to absorb the co-payment from the subsidy amount. This is illegal and a misuse of public bank funds. As per standing GOI instructions, 10% or 20% co-payment is mandatory and banks are not permitted to disburse loans beyond those thresholds.
Vendors who inflate quotation amounts to artificially absorb the co-payment are committing deliberate bank fraud. If detected, this leads to legal action against both vendor and customer, and cancellation of vendorship — directly affecting warranty support for affected customers.
Banks now mandate subsidy credit to loan accounts only, not savings accounts. Any malpractice in this regard also attracts penal action. Always go the legal way — everything about loan and subsidy is publicly available on the concerned parties' official websites.
ചില കമ്പനികൾ 100% ലോൺ സൗകര്യം ഉണ്ടെന്ന് പ്രചരിപ്പിക്കുകയും, customer contribution ആയ 10% / 20% subsidy ഉപയോഗിച്ച് ഒടുക്കാമെന്ന് പറയുകയും ചെയ്യുന്നുണ്ട്. ഇത് GOI നിർദ്ദേശങ്ങൾക്ക് വിരുദ്ധവും നിയമ ലംഘനവുമാണ്. ബാങ്ക് ഫണ്ടിന്റെ ദുരുപയോഗം ആണ് ഇത്.
ഇത് കണ്ടുപിടിക്കപ്പെട്ടാൽ customer-നും vendor-നും നിയമ നടപടി ഉണ്ടാകും. Vendor-ship cancel ആകുന്ന ഈ സ്ഥിതിയിൽ customer-ന്റെ warranty ക്ലെയിമുകൾ ബുദ്ധിമുട്ടിലാകും. Subsidy ഇപ്പോൾ loan account-ലേക്ക് മാത്രമേ credit ആകൂ — savings account-ലേക്ക് direct ആകില്ല. Legal route മാത്രം follow ചെയ്യുക.
No income proof required for basic solar loans up to ₹2 lakh / 3kW. Only KSEB bill, Aadhaar, PAN, passport photo and property tax receipt needed.
Approximately 60–120 days end-to-end: 7–15 days for sanction, 14 days for installation, 15–30 days for KSEB net-meter commissioning, and 30–90 days for subsidy credit.
Yes. The first 2–3 EMIs are on the full loan. After subsidy is credited to the loan account (usually within 30–90 days), the bank restructures and reduces your EMI on the remaining balance.
No. The solar power plant itself is hypothecated as the only collateral. Your home, land or other property is not pledged.
