Project Loans

Solar Power Project
Onward 7.50%.

A Solar Power Project is a system that uses sunlight to generate electricity through solar panels. It is installed on rooftops, factories, farms, or open land to reduce electricity costs and provide clean energy. Banks and financial institutions provide loans to help businesses and individuals set up solar projects.

Application

Please provide your solar project and financial details for quick loan assessment.

Solar Power Project Loan Eligibility Criteria

Understand the complete eligibility structure for solar power project loans, including cash flow, project profitability, debt ratio, and repayment capacity.

What do you mean by Solar Power Project Loan Eligibility Criteria?

This facility is offered to applicants who are looking for finance for their solar power project cost. You can utilize this fund for power plants, energy storage, hybrid solutions, and optimization technology.


Solar power project loan eligibility depends on business cash flow, debt level, project profitability, promoter background, and repayment capability.


Before applying for the loan, make sure your organization has stable operations, proper financial records, and a strong business model.

Solar Power Project Loan Eligibility Criteria

  • Individual & Group of Individuals Can Apply
  • Positive Cash Flow Required in Business Operations
  • Company Debt Should be Below 40% of Total Assets
  • DSCR Ratio Should be More Than 1.5
  • Last 3 Financial Years Profit Proof for Existing Projects
  • Good Background & Credit Profile of Promoter

Important Loan Information

  • Minimum Loan Amount: ₹1 Crore
  • Maximum Loan Amount: ₹100 Crore
  • Up to 75% Project Cost Funding Available
  • Funding for Solar Power Plants
  • Funding for Energy Storage Solutions
  • Funding for Hybrid & Optimization Technology

Factors Affecting Solar Power Loan Eligibility

Negative Cash Flow

Poor cash flow management reduces loan approval chances because lenders evaluate repayment capability through business operations.

Too Many Loans

Having multiple existing loans increases debt burden and lowers debt-to-income ratio, reducing eligibility for new funding.

Weak Financial Performance

Low revenue generation and unstable profitability may affect lender confidence during project loan evaluation.

Low Creditworthiness

Poor repayment history, loan defaults, or low credit score can negatively impact overall approval chances.

Ways to Increase Solar Power Loan Eligibility

Required Documents

Documents Required for Solar Power Project Loan Processing

Keep the following documents ready for faster approval and smooth verification. Select your applicant type and check the complete checklist.

Individual

Personal Applicant
  • PAN Card Copy
  • Aadhaar Card + Passport
  • Address Proof (If Rented Also Permanent Address Proof)
  • Last 3 Years Form-16, ITR with Computation of Income
  • Last 1 Year Bank Statement - Salary Account
  • Loan Schedule & Sanction Letter (If Running)
  • Complete Property Papers with Chain & Map + ATS
  • Processing Fee Cheque in Favour of Bank
  • Projected Financial
  • Project Feasibility Report
  • Company Profile & Management Profile
  • ISO Certificate & MSME Certificate
  • Pollution Certificate
  • CMA Data
  • Machine Quotation
  • Building Construction Estimate
  • Last 3 Months Salary Slip + Appointment Letter

Prop Firm

Business Applicant
  • PAN Card Clear Copy Proprietor
  • Address Proof (Passport / Voter ID Card) Proprietor
  • Office Address Proof Latest (Electricity Bill / Telephone Bill)
  • Firm Registration Certificates & GST Registration Copy
  • Last 1 Year GST Return Copy
  • Firm 3 Years ITR Computation, Profit Loss A/C, Balance Sheet & Tax Audit Report
  • Provisional Financial AY 2019-20
  • Bank Accounts (Current Account, CC Account, OD Account Last 1 Year Updated)
  • 6 Month Saving Account Statement Updated (Proprietor)
  • Loan Sanction Letter & Repayment Schedule (If Running)
  • Agreement to Sell Copy
  • Property Papers with Chain Sanction Map
  • Projected Financial
  • Company Profile & Management Profile
  • ISO Certificate & MSME Certificate
  • CMA Data
  • Machine Quotation

Partnership Firm

Partnership Business
  • Partners Photograph
  • PAN Card - Company & All Partners
  • Address Proof of All Partners
  • Firm Address Proof - Latest Utility Bill
  • Partnership Deed Copy
  • GST Return Last 1 Year
  • 3 Year Company ITR, P/L A/C, Balance Sheet & Audit Report
  • Provisional Financial AY 2019-20
  • 3 Year Individual ITR & Computation of All Partners
  • Firm Bank Statement Last 1 Year Updated
  • All Partner Saving Account Statement 6 Month
  • Loan Sanction Letter & Repayment Schedule (If Running)
  • Agreement to Sell Copy
  • Property Papers Complete Chain with Map
  • Projected Financial
  • Project Feasibility Report
  • Company Profile & Management Profile
  • ISO Certificate & MSME Certificate
  • Pollution Certificate
  • CMA Data
  • Machine Quotation
  • Building Construction Estimate

Pvt. Ltd.

Corporate Applicant
  • Photograph
  • Clear PAN Card - Company & All Directors
  • Address Proof – Company & Directors
  • List of Director & Share Holder with CA Certified
  • Memorandum Order in Hand & Complete Copy
  • GST, Sale, VAT & SSI Registration Certificate
  • 1 Year GST Returns
  • All Directors ITR & Computation Last 3 Years
  • Last 3 Years Complete Financial with Audit Report & Annexure
  • Provisional Financial FY 2019-20 / Month Wise Sale Figure Last 1 Year
  • Company All Bank Account Statement 1 Year Updated
  • All Directors Saving A/C Statement 6 Month
  • Loan Sanction Letter & Repayment Schedule (If Running)
  • Agreement to Sell Copy
  • Property Papers Complete Chain with Sanction Map
  • Projected Feasibility Report
  • Company Profile & MSME Certificate
  • Pollution Certificate
  • CMA Data
  • Machine Quotation
  • Building Construction Estimate
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