Canara Bank Housing cum Solar Loan
Imagine having your dream home while reducing electricity expenditure with eco-friendly solar power! Canara Bank's Housing cum Solar Loan helps you do that very thing—buy or construct your dream home while putting up a rooftop solar system. With interest rates from as low as 6.90% p.a., ₹10 Lakhs maximum for solar installation, and up to ₹78,000 subsidy, this loan is a game-changer for homebuyers. At NoBroker, we simplify it all and make it convenient, taking you from application to disbursal with zero bank visits.
Canara Bank Housing cum Solar Loan: Build Your Dream Home and Save on Energy Bills
Looking to build or buy your dream home and reduce your electricity bills with solar energy? The Canara Bank Housing cum Solar Loan is the perfect solution — now available with expert guidance and faster approvals through NoBroker.
- Interest Rates Starting at Just 6.90% p.a.
- Loan for Housing + Solar Installation up to ₹10 Lakhs (solar component)
- Get up to ₹78,000 Subsidy on solar installation.
- Processing Charges: 50% Waiver till June 30, 2025
- Repayment Tenure up to 20 Years
Get Expert Assistance from NoBroker – Your Home Loan Partner. Apply Now!
Overview Table – Canara Bank Housing cum Solar Loan
| Feature | Details |
| Loan Type | Combined Housing and Solar Loan |
| Interest Rate | Starting from 6.90% to 8.90% p.a. |
| Loan Amount | Housing: As per eligibility; Solar: up to ₹10 lakhs |
| Subsidy | Up to ₹78,000 via the National Portal |
| Repayment Tenure | Maximum of 20 years or as per housing loan |
| Processing Charges | 0.50% of loan amount (Min ₹1500 – Max ₹10,000) + GST
50% waiver till 30th June 2025 |
| Security | Mortgage of property and solar system assets |
| Eligibility | Salaried, Self-employed, NRIs, Agriculturists |
| Where to Apply | Apply through NoBroker for faster processing & support |
What is Canara Bank Housing cum Solar Loan?
The Canara Bank Housing cum Solar Loan is a dual-benefit scheme that enables you to get a home loan along with a solar loan. Whether planning to construct a new home or purchase a ready-built property, you can simultaneously install a rooftop solar photovoltaic (PV) system. This not only reduces your dependency on electricity grids but also saves you money in the long run.
With this scheme, NoBroker helps you simplify the entire loan process — from application to disbursal — ensuring you get the best deal without visiting the bank.
Key Benefits of Canara Bank Housing cum Solar Loan
- Lower Interest Rates: Starting as low as 6.90% p.a., making it one of the most affordable housing loan options.
- Combined Loan Facility: Avail a solar loan of up to ₹10 Lakhs alongside your housing loan.
- Government Subsidy: Get up to ₹78,000 credited directly to your loan account through the National Rooftop Solar Portal.
- Flexible Repayment: Repay your loan over 20 years, giving you long-term convenience.
- Minimal Processing Fee: Only 0.50% of the loan amount — with a special 50% waiver valid till 30th June 2025.
Loan Eligibility & Quantum For Canara Bank Housing cum Solar Loan
Housing Loan Component:
- General: Up to 6x Gross Annual Income
- NRIs: Up to 4x Gross Annual Income
- Agriculturists: Up to 6x Gross Annual Income
- No upper limit under Canara Home Loan Super Gain (minimum ₹20 Lakhs)
Solar Loan Component:
- Maximum loan amount: ₹10 Lakhs (subsidy included)
- Must be taken with a housing loan (new or existing)
Margin Requirements For Canara Bank Housing cum Solar Loan
| Loan Type | Loan Amount | Margin |
| New/Old House (<10 yrs) | Up to ₹30 Lakhs | 10% |
| ₹30 – ₹75 Lakhs | 20% | |
| Above ₹75 Lakhs | 25% | |
| Old House (>10 yrs) | All categories | 25% |
| Solar Loan (up to 3kW) | Any | 10% |
| Solar Loan (3–10kW) | Any | 20% |
Interest Rates for Canara Bank Housing cum Solar Loan
| Applicant Type | Interest Rate |
| Salaried Individuals | 8.40% p.a. |
| Others (Self-employed, etc.) | 8.45% – 8.65% p.a. |
| Special Offer Rates | From 6.90% p.a. (based on loan quantum) |
Processing Charges For Canara Bank Housing cum Solar Loan
- Standard: 0.50% of the loan amount
(Minimum ₹1500 + GST; Maximum ₹10,000 + GST) - Special Offer: 50% waiver on charges from April 1 to June 30, 2025
Subsidy Details for Rooftop Solar Installation
| Monthly Electricity Usage | Suggested Capacity | Subsidy Amount |
| 0–150 units | 1–2 kW | ₹30,000 – ₹60,000 |
| 150–300 units | >2 – 3 kW | ₹60,000 – ₹78,000 |
| 300+ units | Above 3 kW | ₹78,000 |
Note: Apply for subsidy via the National Solar Portal
Documents Required For Canara Bank Housing cum Solar Loan
Basic Documents
- Passport-size photos
- PAN Card, Aadhaar, Voter ID, etc.
- Latest electricity bill (in applicant’s name)
- Roof ownership proof
For Salaried Individuals
- Last 6 months’ salary slips
- Bank statements for 6 months
- 3 years’ Form 16 or ITR
- Employment proof (ID, joining letter)
For Self-employed/Business Owners
- 3 years ITR, Balance Sheet, P&L
- Business registration/GST
- Bank statements
For NRIs
- Passport with visa/work permit
- Salary slips or embassy-attested income proof
- Overseas bank statements
- Notarized Power of Attorney
Property Documents
- Title Deed, Encumbrance Certificate (13 years)
- Tax receipts
- Approved plan, Completion & Occupancy Certificate
- Builder agreement or Sale deed
Solar-Specific Documents
- Quotation from MNRE-empaneled vendors
- Technical feasibility report
- Model agreement with the installer
- Rooftop ownership proof
Security Terms For Canara Bank Housing cum Solar Loan
- Housing Loan: Mortgage of property
- Solar Loan (combined): EMT/MODTD of property used for the housing loan
- Solar Loan (existing housing loan): Continued MODTD of that property
Insurance
Property insurance is mandatory under this scheme.
Why NoBroker for Canara Bank Housing cum Solar Loan?
- One-stop Solution: Get housing and solar loans in a single application
- Faster Approvals: No paperwork, documentation, or follow-ups for you
- 100% Digital Support: Apply online and check application status online
- Expert Assistance: Home loan experts assist you at every step
- Bank Tie-ups: Direct tie-ups with Canara Bank mean effortless coordination
How to Apply through NoBroker To Obtain Canara Bank Housing cum Solar Loan
- Visit the NoBroker Home Loan Page
- Enter your loan requirement information.
- Upload your documents
- Avail personalized service for Canara Bank Housing cum Solar Loa.n
- Monitor your loan status online.
Conclusion:
Canara Bank Housing cum Solar Loan is a revolutionary concept for homebuyers willing to save maximum costs while adopting eco-friendly energy. With low interest rates, government incentives, and easy repayment terms, it’s an intelligent investment for your home and the environment. Apply at NoBroker today and enjoy hassle-free processing, professional support, and quicker approvals—turning your dream home and green energy lifestyle into a reality.
