Solar Panel Loans
At Lowest Interest Rates
Get collateral-free solar loans from leading banks and NBFCs at competitive interest rates. Finance your solar journey with easy EMIs.
Solar Loan Options
Compare interest rates from banks and NBFCs
SBI
State Bank of India
7.00%
Interest
₹2 Lakh
Max
10 Years
Tenure
- No collateral up to Rs 2L
- Quick processing
HDFC
HDFC Bank
8.50%
Interest
₹6 Lakh
Max
7 Years
Tenure
- Higher loan limits
- Flexible EMI options
PNB
Punjab National Bank
7.25%
Interest
₹3 Lakh
Max
10 Years
Tenure
- Low documentation
- Fast approval
BOB
Bank of Baroda
7.50%
Interest
₹4 Lakh
Max
8 Years
Tenure
- No processing fee
- Doorstep service
TATA
Tata Capital
9.50%
Interest
₹10 Lakh
Max
7 Years
Tenure
- Quick approval in 48 hrs
- Minimal documentation
BAJAJ
Bajaj Finserv
10.00%
Interest
₹15 Lakh
Max
5 Years
Tenure
- Instant approval
- No collateral required
L&T
L&T Finance
9.75%
Interest
₹8 Lakh
Max
6 Years
Tenure
- Doorstep service
- Customized EMI
HERO
Hero FinCorp
10.25%
Interest
₹5 Lakh
Max
5 Years
Tenure
- Zero foreclosure charges
- Online process
* Interest rates and terms are indicative and subject to change. Contact banks for current rates.
Why Choose Solar Loan Financing?
Solar loans make it easy to go solar with zero upfront cost. Let your electricity savings pay for the system.
Collateral-Free Loans
No need to pledge property or assets. Get loans up to Rs 2 Lakh without any security or collateral requirement.
Subsidized Interest Rates
Special low interest rates from 6.75% under PM Surya Ghar Yojana. Much lower than regular personal loans.
Quick Approval
Get loan approval within 3-7 working days. Minimal documentation and fast processing for solar loans.
Minimal Documentation
Just Aadhaar, PAN, bank statements, and electricity bill. No lengthy paperwork or complex procedures.
Flexible EMI Options
Choose EMI tenure from 1 to 10 years based on your budget. Monthly EMIs lower than your current electricity bill.
EMI < Savings
Your monthly solar savings often exceed the EMI amount. Essentially, the system pays for itself from day one.
EMI vs Electricity Bill Comparison
For a 3 kW system costing Rs 72,000 (after subsidy) with 7% interest over 5 years:
You Actually Save Money
From Day 1
Your solar savings exceed your EMI payment, meaning you have positive cash flow from the very first month. After the loan is paid off, all savings are 100% yours.
How to Get Solar Loan
Simple 6-step process to get your solar loan approved and system installed
Submit Documents
Provide Aadhaar, PAN, bank statements, electricity bill, and property documents.
Day 1Credit Assessment
Bank verifies your documents and checks credit score. CIBIL 680+ recommended.
Day 2-3Loan Approval
Once approved, you receive the sanction letter with loan amount and terms.
Day 4-5Disbursement
Loan amount is disbursed directly to VYS Renewable Energy for your installation.
Day 6-7Installation
Our team installs the solar system at your rooftop with all safety measures.
Day 8-9Start Saving
System goes live! Start generating free electricity and pay easy EMIs.
Day 10+Documents Required for Loan
Note: VYS Renewable Energy assists with all documentation and coordinates directly with banks for faster processing.
Calculate Your Solar Loan EMI
Plan your solar investment with our easy EMI calculator
Loan Details
Adjust values to calculate EMI
EMI Breakdown
Net Monthly Benefit
Rs 1,492Profit!
Ready to Finance Your
Solar Journey?
VYS Renewable Energy partners with all major banks for hassle-free solar loan processing. We handle the paperwork, you enjoy the savings.