Solar Loan Rate Card (rates last verified Jul 2026 — floating, verify on bank websites)
| Bank | Rate (pa) | Max amount | Tenure | Collateral-free up to | Processing fee |
|---|---|---|---|---|---|
| SBI Surya Ghar Loan | 5.75% up to ₹2 L · 7.90% for ₹2–6 L (floating) | ₹6 L | Up to 10 y | ₹2 L (3 kW) | Nil (PM Surya Ghar) |
| Bank of Baroda PM Suryaghar | 5.75% up to ₹2 L · from 7.90% above (floating) | ₹6 L | Up to 10 y | ₹2 L | Nil |
| PNB | Verify current rate on official PNB page | ₹6 L | Up to 10 y | ₹2 L | As per bank |
| Canara Bank (CRTS) | Verify current rate on official Canara page | ₹6 L | Up to 10 y | ₹2 L | Nil (PM Surya Ghar) |
| Union Bank | Verify current rate on official Union Bank page | ₹6 L | Up to 10 y | ₹2 L | As per bank |
All rates are floating and change with bank/RBI revisions — always confirm on the bank's official website before applying. PM Solar is not a lender.
Our take (verified Jul 2026, for Jaipur customers)
- Lowest published rate: SBI and Bank of Baroda (5.75% p.a. up to ₹2 lakh under PM Surya Ghar)
- Best for ₹2-6 L loans: SBI / BoB at the 7.90% tier
- Other banks: PNB, Canara and Union Bank also participate — compare current rates on their official pages
How to apply (all banks)
All participating banks accept the unified Jansamarth portal (jansamarth.in) application. You upload once, and the portal sends to your chosen bank automatically. PM Solar fills out the form with you on a Zoom call and submits within 24 hours.
Want a specific quote for your home?
Our team will run a free site survey at your address within 24 hours. Or complete a 2-minute eligibility check or calculate exact savings right now.