Loan Application Process

    Approval
    PM Solar

    Welcome to Loan Process.

     

    At PM Solar we have different Financial Experts.

     

    You can connect with our Financial Experts at +91 4963 8603 for Personalized Financial support & More details.

     

    Let’s power your solar journey together!!!

    Eligible Condition

    Eligibility Critera

     

    Up to 3 KW Capacity:

    Only Electricity Bill and KYC documents (Address Proof and Identification Proof) are required.

     

    Exceeding 3 KW up to 10 KW Capacity:

    In addition to identification and address proof, Income Documents along with a Bank Statement are required.

    Documents Required

    KYC Documents 

    (Proof of identity and proof of address).

     

    Electricity Bill

     A copy of your recent electricity bill.

     

    Roof Ownership Certificate

    Proof that you have roof rights on which the installation is proposed.

    Loan Amount

    Maximum Loan Amount for Residential

     

    ₹3 lakhs

    Solar rooftop capacity up to 3 KW.

     

    ₹8 lakhs

    Solar rooftop capacity exceeding 3 KW and up to 10 KW.

    Interest Rate

    Effective Interest Rates

     

    Vary based on whether you have an existing Home Loan with the bank or not.

    Insurance

    Insurance

     

    Some Private Banks may require Assets Insurance for solar installations exceeding a certain capacity.

    Be prepared to discuss insurance requirements with the bank.

    Disbursment

    Disbursement

     

    Once your loan application is Approved, the disbursement process begins.

     

    The loan amount will be credited directly to your account.