| Scheme Name | PNB Scheme for Financing of Rooftop Solar Power Systems |
| Purpose | Financing for installation of a new rooftop solar power system at a residential house |
| Maximum Solar Capacity | Up to 10 kW |
| Eligible Applicants | Individual borrowers, either singly or jointly with parents, spouse, earning children or earning daughter-in-law |
| CIBIL/CIC Requirement | Minimum 680 CIC score of CIBIL TU or equivalent, including -1/0/Nil/No Hit |
| Property Requirement | Applicant/co-applicant must own the residential property and have rooftop rights where the solar system will be installed |
| Roof Area | Sufficient roof area as mandated by MNRE |
| Electricity Bill | Latest electricity bill confirming ownership of the residential property is required |
| Maximum Age | 75 years |
| Savings Account | Applicant must mandatorily be a Savings Account holder |
| Loan Amount – Up to 3 kW | Maximum ₹2 lakh |
| Loan Amount – Above 3 kW to 10 kW | Maximum ₹6 lakh |
| General Loan Limit | Up to ₹50,000–₹70,000 per kW, subject to the applicable maximum |
| Margin – Loan up to ₹2 lakh | 10% |
| Margin – Loan above ₹2 lakh to ₹6 lakh | 20% |
| Minimum Income – Loan up to ₹2 lakh | No minimum income requirement; no income assessment required |
| Minimum Income – Loan above ₹2 lakh to ₹6 lakh | Minimum ₹3 lakh annual income |
| Income Assessment | Total deductions, including proposed solar-loan instalment, should not exceed 50% of Gross Annual Salary/Income |
| Income Regularity | For loans above ₹2 lakh, regularity of income over the entire loan period must be established |
| ITR Requirement | Minimum 1 year ITR for loans above ₹2 lakh |
| Bank Statement | 6 months account statement required for loans above ₹2 lakh |
| Maximum Repayment Period | 10 years, including moratorium |
| Age at Loan Completion | Repayment should not extend beyond 75 years of age |
| Documents | Application form, sanction letter, KYC documents, PAN/Aadhaar, solar quotation, required MNRE feasibility reports, ITR/Form 16 where applicable, 6-month account statement, latest electricity bill and property ownership document |
| PAN Requirement | Optional up to ₹2 lakh; mandatory above ₹2 lakh |
| Disbursement | Loan amount plus borrower’s contribution is paid directly to the vendor/EPC contractor after required MNRE feasibility reports are submitted |
| Moratorium | 6 months from date of disbursement |
| Moratorium Interest | Interest accrued during moratorium is to be paid as and when charged |
| Classification | Rooftop solar loan is classified under the Priority Sector |
| Vendor Requirement | Solar rooftop systems should be supplied/installed by MNRE-empanelled vendors through the applicable DISCOM arrangement |
| Security | Hypothecation of the solar equipment purchased |
| Third-Party Guarantee – Up to ₹2 lakh | Waived |
| Third-Party Guarantee – Above ₹2 lakh to ₹6 lakh | Required, with guarantor having net means of at least equal to the loan amount |
| Subsidy – 1 kW | ₹30,000 |
| Subsidy – 2 kW | ₹60,000 |
| Subsidy – 3 kW | ₹78,000 |
| Subsidy – Above 3 kW to 10 kW | Capped at ₹78,000 |
| Subsidy Credit | Subsidy is to be claimed by the borrower; the loan account number is to be provided for credit of the subsidy |
| Insurance – Loan up to ₹2 lakh | Not mandatory |
| Insurance – Loan above ₹2 lakh to ₹6 lakh | Solar asset must be insured for the total installation cost for capacity above 3 kW |
| Insurance Cost | Borne by the customer |
| Processing / Upfront Fee | Nil |
| Application Platform | Applications are sourced through the Jan Samarth Portal |
| Digital Sanction | Digital in-principle sanction can be given based on applicant’s self-declaration |
| Final Sanction | Subject to verification of documents and assessment by the concerned PNB branch |
| Key Benefit | Financing is available for residential rooftop solar systems up to 10 kW, with loans up to ₹6 lakh and MNRE subsidy benefits |
| Source | PNB’s current scheme page. |
