In recent years, India has seen a growing shift toward clean and renewable energy solutions, with solar rooftop systems becoming a popular choice for homeowners and businesses alike. However, the high initial cost of solar installation often becomes a hurdle for many. That’s where a solar loan becomes the ideal solution—providing affordable solar panel financing options that eliminate the need for a large upfront investment.
As a Direct Selling Agent (DSA), understanding how a loan for solar rooftop installations works can help you tap into this booming green energy sector while offering valuable financing solutions to your customers. At Ruloans, India’s leading loan distribution company, we empower our DSA partners with top-notch solar loan products, backed by a network of over 300 financial institutions, fast approvals, and attractive commissions.
Let’s explore what a solar loan is, its benefits, eligibility, required documents, and how to help your customers avail it easily through Ruloans.
What is a Solar Loan?
A solar loan is a structured financing solution designed to help individuals, MSMEs, and enterprises purchase and install solar rooftop panels without the burden of paying the full cost upfront. Instead, borrowers can repay the loan through easy monthly EMIs, making solar panel financing more accessible and practical.
By opting for a loan for solar rooftop, customers not only reduce their electricity bills but also contribute to a sustainable and energy-efficient future. It’s a win-win for the environment and their finances.
Features and Benefits of Solar Loan
Ruloans offers specially curated solar loan solutions to make the transition to renewable energy smooth and stress-free for your customers.
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Loan Amount: ₹60 Lakhs to ₹3 Crores
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Flexible Tenure: 12 to 84 months
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Attractive Solar Loan Interest Rates: Starting at 7.99% flat or 12.5% reducing
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No Additional Collateral Required
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Complete Financing: Covers solar panels and related components
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Low EMIs: Often lower than existing electricity bills
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Quick Approvals: Score-based assessment for fast processing
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Minimal Paperwork & Digital Process
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Dedicated Customer Support
This high-value solar panel financing product gives DSAs a great opportunity to enter the green energy finance market while ensuring real savings for their clients.
Eligibility Criteria for Solar Loans
1. ABB (Average Bank Balance) Program:
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Maximum EMI: 0.50 x ABB (last 12 months)
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Loan eligibility depends on LTV or EMI-based calculations, whichever is lower
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Apply industry-standard net margin on declared turnover
2. GST Program:
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Based on the latest 12-month GST turnover
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DSCR (Debt Service Coverage Ratio) of 1.2 is used to calculate eligible EMI
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Existing and proposed obligations are considered
3. Savings from Renewable Energy:
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Submit latest 3 months of electricity bills
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Calculate average energy consumption
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Evaluate energy savings post solar installation
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Use savings to increase loan eligibility
These methods ensure that eligible borrowers can secure the best loan for solar rooftop solutions with confidence.
Documents Required for Solar Loan
To make the process seamless, applicants need to submit the following:
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Company KYC
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GST Certificate
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Udyam Registration Certificate
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Shop Electricity Bill
Applicant & Co-Applicant KYC
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PAN Card
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Aadhaar Card
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Residence Electricity Bill
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Financial Documents
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Last 12 months Bank Statements (PDF)
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Last 2 years ITR
Use the Solar Loan EMI Calculator
The Solar Loan EMI Calculator on the Ruloans website helps customers make informed financial decisions. By entering the loan amount, solar loan interest rates, and repayment tenure, users can estimate their monthly EMIs and plan their solar panel financing wisely.
How to Apply for a Solar Loan Online
Here’s a simple guide you can share with your prospects for a hassle-free solar loan application process:
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Visit www.ruloans.com
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Navigate to Loans > Solar Loan
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Click on Apply Now
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Log in using mobile number linked to Aadhaar & PAN
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Fill out the consent form and basic details
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Agree to terms and verify with OTP
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Enter address, income, and loan requirement
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Select Ruloans Expert provider and submit the application
Our team will get in touch shortly to offer the best solar loan interest rates and solutions tailored to your customer’s profile.
Final Words!
The demand for solar energy is rising steadily, and solar loans are emerging as a smart, sustainable financing option. Whether it’s for homes, MSMEs, or large enterprises, offering a loan for solar rooftop installations helps customers save on power bills while supporting the environment.
With Ruloans, you get a powerful digital ecosystem, reliable support, and access to industry-best solar loan interest rates to help you grow your DSA business.
Ready to become a Solar Loan DSA?
👉 Download the Ruconnect App from Google Playstore – India’s First B2B Loan Distribution Channel Partner App – and start earning from every solar loan you refer!
