SBI Solar Loan & Empaneled Vendor Guide for Assam
To make rooftop solar affordable for every household, the State Bank of India (SBI) has launched the PM Surya Ghar Solar Loan Scheme. Under this scheme, homeowners in Assam can obtain collateral-free loans up to ₹2,00,000 at attractive low interest rates (around 7% p.a.) with zero processing fees.
To qualify for an SBI solar loan, the rooftop solar system MUST be installed by an SBI-approved empanelled vendor such as Solar Assam.
SBI Surya Ghar Solar Loan Structure & EMI Matrix
| Loan Parameter | System Sizing Up to 3kW | System Sizing 3kW to 10kW |
|---|---|---|
| Maximum Loan Amount | Up to ₹2,00,000 | Up to ₹6,00,000 |
| Interest Rate | Concessional 7% p.a. (Linked to Repo Rate) | Standard Personal / Clean Solar Loan Rate |
| Collateral Requirement | Zero Collateral (No property mortgage needed) | Zero Collateral for residential properties |
| Tenure | Up to 10 Years (120 Months) | Up to 10 Years |
| Margin Money / Down Payment | 10% of total project cost | 10% to 15% of project cost |
| Indicative Monthly EMI (3kW Loan) | Approx. ₹700 – ₹900/month (Post Subsidy Adjustment) | Varies by loan amount |
Financial Math: How Solar Pays for Its Own Loan
A 3kW solar installation in Assam generates approximately 330 to 380 units per month, saving you ₹2,300 to ₹3,000 every month on your APDCL electricity bill. Since your SBI loan EMI is only around ₹800 per month, your net monthly savings are positive from day one!
How to Apply for SBI Surya Ghar Solar Loan with Solar Assam
- Register your application on pmsuryaghar.gov.in and select Solar Assam as your empanelled vendor.
- Apply for the solar loan directly on the portal or via SBI YONO Mobile App under the PM Surya Ghar Loan tab.
- Upload your APDCL bill, Aadhaar card, income proof/bank statement, and Solar Assam quotation.
- SBI sanctions and disburses the loan directly to Solar Assam upon physical installation and net meter commissioning.