Interest rates usually differ from bank to bank. SBI bank provides solar panel installation up to 3kW at a maximum loan amount of Rs. 2 Lakhs. The rate of interest is 7 %. You just require KYC documents and a copy of your electricity bill. However, you must fulfil certain eligibility requirements for this. This may include having a CIBIL score more than 680 and having sufficient roof area as mandated by MNRE.
I hope this gives you some idea on the interest rate for solar panels up to 3kW.
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What can be percentage for bank loan for 3kW?
Murari lal Bakshi
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11 months
2025-01-22T12:14:21+00:00 2025-01-23T16:20:08+00:00Comment
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