Housing-cum-Solar Loan

  • Loan to individuals for installation of Grid connected Roof Top Solar Photovoltaic (PV) System on the roof top of house as a part of Home Loan OR without Housing Loan.
  • Loans for Housing Loan permitted for purchase/construction of flats not permitted under this scheme.
  • Loan for the purchase of Solar Equipment can also be sanctioned to applicants who are having subsisting Housing Loans with us.
  • Loan for the purchase of Solar Equipment can also be sanctioned to applicants against the mortgage of residential/house property which is having free rooftop to install the Solar Equipment even without Housing Loan.
  • Salaried individuals confirmed in the service with a minimum service of 3 years.
  • Individuals engaged in business/professionals and self-employed persons. Such applicants should have been in the business/profession for a minimum period of 3 years.
  • The age of the borrowers should be less than 60 years at the time of availing the loan.
  • Persons 60 years and above are also eligible subject to certain stipulations.
  • Should be having free rooftop to install the Solar Equipment.
  • NTH (Net Take Home) to be 25%.


  1. General Housing Finance Scheme : 4 times of Gross Annual Income
  2. Housing Loan Scheme for NRIs : 4 times of Gross Annual Income
  3. Housing Loan to Agriculturists : 4 times of average annual income
  4. YUVA AWAS RIN Scheme : 6 years gross salary


20% of eligible quantum under Housing Loan Component


80% of the Cost of the Solar system


Rs. 10.00 Lacs

Whichever is less.


Amount of Housing Loans New House / Flat Old House / Flat
Upto 10 years old > 10 years old
Upto Rs. 30.00 Lacs 10% 20% 25%
Above Rs. 30.00 Lacs & upto Rs.75.00 Lacs 20% 20% 25%
Above Rs. 75.00 Lacs 25% 25% 25%

*In case of Housing Loan for Repairs & Renovation uniform Margin of 25% on project cost irrespective of the Housing Loan amount.

*Under Yuva Awas Rin (CAN YAR)Scheme – If borrower opted for 36 months repayment holiday for both pre-EMI interest as well as principal amount: 40% Margin irrespective of the loan amount.


  • Solar Loan Component: 20% of the Project Cost
  • Mortgage of House.
  • Hypothecation of Assets created out of loan i.e. Solar Equipment.
  • Maximum 20 Years in EMIs OR the repayment period stipulated under Housing Loan, whichever is earlier.
  • Nominal processing fee of 0.50% (Min Rs.1500/- and Max. Rs.10,000/-) is charged.
  • As a part of retail festival offer, Processing Charges are waived for Housing loans sanctioned up to 31.03.2018 and disbursed on or before 30.04.2018

Eligible as per Scheme

  • 30% of benchmark cost in general States
  • 70% of the benchmark Cost in special category States i.e. North Eastern States including Sikkim, Uttarakhand, Himachal Pradesh, J&K, Lakshadweep, Andaman and Nicobar Islands.

(To be released by MNRE subject to availability of Funds)

Click here to see details of approved housing projects

Click here to see Applicable Rates of Interest

Click here to see E M I Calculator

Click here to see Facility of On-Line Application