PNB Solar Rooftop Loan: If the monthly electricity bill is becoming a burden on your pocket and you are looking for a permanent solution to it, then there is good news for you. Punjab National Bank has launched the PNB Solar Rooftop Loan scheme in 2025, under which you can not only save electricity by installing solar panels on the roof of your house or shop, but can also avail subsidy of up to 40% from the government.
Today when the need for environmental protection is more than ever and energy costs are increasing day by day, solar panels will not only save you but will also brighten the future. The special thing is that under this scheme, you will get a loan from PNB in very easy installments and the cost will also be reduced with the help of subsidy.
Table of Contents
What is PNB Solar Rooftop Loan 2025
This scheme of Punjab National Bank is for those people who want to install solar panels on their homes or commercial buildings but are unable to do so due to financial constraints. In this scheme, you can take a loan of ₹ 50,000 to ₹ 10 lakh, whose interest rates start from just 8.5% and you can repay it in 5 to 10 years. The biggest relief is that 40% subsidy is given by the government on solar panels up to 3 kW.
Reduce expenses with subsidy with PM Surya Ghar Yojana
Under the Pradhan Mantri Surya Ghar Yojana launched by the Government of India, if you install a solar system up to 3 kW, you will get 40% of the total cost as subsidy. For example, if the total cost of the solar system is ₹ 2 lakh, then you will get a subsidy of ₹ 80,000 and you will have to spend only ₹ 1.2 lakh. Not only this, a subsidy of up to 20% is also available on systems with a capacity of 3 to 10 kW.
Who will get the benefit of this scheme
Only those people can avail the benefits of this scheme whose age is between 18 to 70 years, who own the property on which the panel is to be installed and whose credit score is at least 650 or more. Along with this, the applicant should have a regular source of income, whether he is employed or has his own business.
Which documents will be required
While applying for a loan, you will have to submit Aadhar card, PAN card, residence certificate, identity card, 6 months statement of the bank, salary slip for employed people or ITR for self-employed people, property papers and documents related to the cost of the solar system.[Related-Posts]
How to apply
You can take this loan both online and offline. To apply online, you have to visit the official website or mobile app of PNB, where you will find the Green Energy Loan or Solar Rooftop Loan section. There you can complete the application by uploading your name, address, contact information and required documents. After the loan is approved, you can start the installation process of your solar panel.
Some major benefits of the scheme
After installing solar panels, you can save 70% to 90% in your electricity bill. Secondly, it is also better for the environment as solar panels do not cause pollution. Apart from this, the interest rates of solar loans given by the bank are much lower than other personal loans, making repayment easier.
Disclaimer: This article is written for general information purposes only. Before taking any type of loan or scheme, visit the website of the concerned bank and get complete information and read the terms carefully. Government subsidy rates and eligibility criteria may change from time to time
