PNB Bank Solar Loan: PNB is giving great loan offers to customers, install solar system today itself.

Growing Adoption of Solar Energy

In recent years, the adoption of solar energy has surged across the country as homeowners seek to mitigate rising electricity costs. Solar panels are gaining popularity not only for their environmental benefits but also for their ability to reduce electricity consumption. The government has implemented numerous initiatives to encourage the use of solar energy.

Government Schemes and Financing Options

Under various schemes, homeowners can have solar panels installed with available subsidies. Additionally, Punjab National Bank (PNB) offers a solar rooftop loan at competitive interest rates, making it easier for individuals to finance their solar projects. This initiative aims to promote clean energy while helping consumers lower their electricity bills.

Eligibility and Application Process

To qualify for the loan, applicants must own residential property and have a minimum CIBIL score of 680. Required documents include an Aadhar card, PAN card, completed application form, income tax return from the past year, and recent bank statements. The maximum age for applicants is set at 75 years.

Loan Amount and Interest Rates

PNB’s special loan scheme supports new rooftop solar power systems with capacities of up to 10 kW. Homeowners can avail themselves of loans up to Rs 6 lakh, facilitating the transition to renewable energy sources.