Solar Loan
Finance rooftop solar for homes, housing societies, MSMEs, and commercial buildings. Interest subsidies under PM Surya Ghar Yojana for residential. PSU bank tie-ups, accelerated depreciation for businesses.
Get up to ₹50K – ₹50L starting at
Which loan are you looking for?
Check your eligibility
Free · 2 minutes · offers from 25+ lenders
🔒 No impact on CIBIL score · No spam calls
Verify your mobile
Enter the 6-digit code we sent you.
You are…
Annual income
How much do you need?
Your matched offers
Indicative — final terms are issued by the lender on sanction.
One application · one CIBIL inquiry · a real advisor on your file
Why Choose MahadevX?
Compare 25+ lenders instantly
See offers from every empanelled bank and NBFC side by side. No more visiting branch by branch.
Lowest interest rate guaranteed
Our negotiating power as a top DSA gets you preferential rates that walk-in customers cannot access.
100% digital application
Apply from home in 5 minutes. Document upload, eKYC, and digital signature — no paperwork at all.
Pre-approved offers
For select borrowers with strong credit profile, our partner lenders give you instant pre-approved offers.
No hidden charges
You pay nothing to MahadevX. Lender fees are disclosed upfront in writing before you sign anything.
Cashback on disbursal
Get up to ₹1,000 cashback on your loan disbursal as a welcome reward from MahadevX.
How to Apply for Solar Loan Online
Get up to ₹50K – ₹50L in 5 simple steps
Enter mobile number
Start with just your phone — we send a one-time OTP to verify.
Personal details
Name, email, and basic contact info — takes 30 seconds.
Loan purpose & amount
Tell us how much and for what — wedding, medical, business, anything.
Compare offers
See best-suited offers from 25+ lenders ranked by approval chances.
Pick & disburse
Choose your offer, complete eKYC, and money in your account in 24–48 hours.
Key Features & Benefits
No Collateral Required
Unsecured personal loans without pledging property, gold, or other assets.
Flexible End Use
Use for medical, travel, wedding, education, debt consolidation, renovation — anything.
Quick Approval & Disbursal
Online process enables instant approval and disbursal in just 30 minutes for eligible customers.
Minimal Documentation
Digital processes mean approval based primarily on income, credit score, and repayment capacity.
Flexible Repayment Tenure
Choose tenures from Up to 10 years based on your monthly cash flow needs.
Improves Credit Score
Adding an unsecured product and repaying it diligently positively impacts your credit profile.
Compare Solar Loan Interest Rates from Top Lenders
Interest rates start from 7.5% – 12% p.a.. Final rate depends on your credit score, income, employer profile, and existing liabilities.
Compare loan rates across our partners
Indicative starting rates, kept current by MahadevX. Tap a column to sort. Your exact rate is set by the sanctioning lender.
| Lender | Rates From (p.a.) | Max Amount | Profile | |
|---|---|---|---|---|
| IDFC FIRST Bank | 10.49% | ₹40 L | — | Apply |
| IndusInd Bank | 10.49% | ₹40 L | — | Apply |
| HDFC Bank | 10.5% | ₹40 L | — | Apply |
| ICICI Bank | 10.75% | ₹40 L | — | Apply |
| Axis Bank | 10.99% | ₹40 L | — | Apply |
| Kotak Bank | 10.99% | ₹35 L | — | Apply |
| Tata Capital | 10.99% | ₹35 L | — | Apply |
| Yes Bank | 10.99% | ₹40 L | — | Apply |
| Bajaj Finserv | 11% | ₹55 L | — | Apply |
| L&T Finance | 11% | ₹25 L | — | Apply |
| Federal Bank | 11.49% | ₹30 L | — | Apply |
| Aditya Birla | 11.99% | ₹30 L | — | Apply |
Types of Solar Loan
Eligibility Criteria
Eligibility may vary across lenders, but most banks and NBFCs use these baseline criteria:
Documents Required
| Requirement | Salaried | Self-employed |
|---|---|---|
| Identity Proof | PAN, Aadhaar, Passport, Voter ID, or Driving License | |
| Address Proof | Aadhaar, Passport, Voter ID, or recent utility bill | |
| Income Proof | Last 3 salary slips, Form 16, last 6 months bank statement | Last 2 years ITR, P&L + balance sheet, last 6 months bank statement |
| Photograph | Recent passport-size photo | |
How ready is your file?
Tap what you already have. We’ll tell you how close you are — and can WhatsApp you the list.
Tap the documents you have ready.
Fees and Charges
Fees vary by lender and your credit profile. The ranges below cover most banks and NBFCs in our network.
| Processing Fee | 0.5% – 1.5% |
| Prepayment / Foreclosure (Floating Rate) | Nil (RBI mandated) |
| Prepayment / Foreclosure (Fixed Rate) | 2% – 5% of outstanding principal |
| Loan Cancellation | ~₹3,000 |
| EMI / Cheque Bounce | ~₹400 per bounce |
| Penal Charges | 2% per month (24% p.a.) |
| Stamp Duty | As per state actuals |
Am I eligible? — 30-second check
4 taps. No documents, no CIBIL impact, nothing leaves your browser.
1. Net monthly income
2. Employment type
3. CIBIL score band
4. Existing EMIs take up…
Indicative only — each lender applies its own policy. One application with MahadevX checks your exact fit with a single CIBIL inquiry.
Heavy EMIs are limiting your eligibility — consolidating first usually unlocks it. See how Reduce My EMI works →
EMI Calculator
Calculate your EMI for different interest rates, loan amounts and loan tenures, using MahadevX's EMI Calculator.
- 1L
- 25L
- 50L
- 75L
- 1CR
- 4%
- 8%
- 12%
- 16%
- 20%
- 24%
- 5Y
- 10Y
- 15Y
- 20Y
- 25Y
- 30Y
Loan in Your City
Frequently Asked Questions
Fill our 4-step apply form (takes 3 minutes), upload basic documents digitally, compare offers from 25+ lenders, pick the best one. Approval in 24 hours, disbursal in 24–48 hours for most cases.
720 or above gives you the best rates. 650–720 gets you decent NBFC offers. Below 650 — we have a few NBFCs that consider applications, but rates are higher and amounts smaller.
No. MahadevX is free for borrowers — we earn commission from the lender post-disbursal, never from you. The lender will charge their own processing fee, which is disclosed upfront.
Pre-approved offers can disburse in 30 minutes. Standard applications take 24–48 hours after document submission. Cases needing physical verification can take 3–5 days.
Yes. Floating-rate loans have zero prepayment charges (RBI mandate). Fixed-rate loans typically charge 2–5% on the outstanding principal. Check the lender sanction letter for exact terms.
Yes — applying with your spouse or parent often increases approval chances and the eligible amount. Both incomes are clubbed for eligibility calculation.
Common reasons: low credit score, inconsistent income, high existing EMI burden. Our team will tell you exactly why, and which lenders may still approve you. We try at least 3 lenders before declaring rejection.
Initial check via MahadevX is a soft enquiry — no score impact. When you select a final lender, they do a hard pull. Multiple hard pulls in a short time can drop your score by 5–10 points temporarily.
Yes. We are DPDP Act compliant, store all PII on India-based servers, never sell your data, and only share with lenders you explicitly authorise. Documents are deleted 90 days after loan closure.
After application, you get a reference number on email and WhatsApp. You can also log into our Borrower Portal anytime to track status, upload pending docs, and see lender responses.
MahadevX Fintech is a loan distribution associate (DSA) of its partner banks and NBFCs, not a lender. Loan sanction, interest rates and final terms are at the sole discretion of the respective RBI-regulated lender and are subject to their credit policy. Figures shown on this page are indicative. Information here references publicly available RBI and lender guidelines and is for general awareness, not financial advice.