Public Sector Bank (PSU)Machinery & Equipment FinanceSmall Enterprise (Investment ≤ ₹10 Cr)🛡️CGTMSE CoveredVerified: 2026-09-29

Indian Bank Ind Surya Ghar MSME Rooftop Solar Loan

Primary Lending Institution:Indian Bank

₹5 Lakh to ₹5 Crore MSME credit at 8.45% – 9.60% with Up to 10 years tenure.

Interest Rate8.45% – 9.60%Linked to EBLR / MCLR / Risk

Loan Amount Quantum₹5 Lakh to ₹5 CroreBased on turnover & project cost

Repayment TenureUp to 10 yearsWith moratorium where applicable

Collateral SecurityRequires grid connectivity feasibility study and quotation from MNRE-approved solar EPC vendor.

What's Missing: Crucial Fine-Print & Exclusion Gaps

Requires grid connectivity feasibility study and quotation from MNRE-approved solar EPC vendor.

Note: Eligo publishes these regulatory and commercial exclusions directly from bank product guidelines and CGTMSE rules to protect MSME applicants from unexpected fee debits or loan rejection surprises.

What is Indian Bank Ind Surya Ghar MSME Rooftop Solar Loan?

Green energy loan for MSMEs installing grid-connected commercial rooftop solar systems to slash energy overheads.

Key Benefits & Features

Lowers operational electricity bills by up to 70%; concessional green rate; repayment tenure up to 10 years.

Government Subsidy & Credit Guarantee Coverage

CGTMSE / Bank Guarantee / Normal Security

Enterprise Eligibility Criteria

Commercial MSMEs with ownership or long-lease on factory roof.

Business Vintage1+ Years in Operation

Min. Annual Turnover₹20.0 Lakh

Processing Fee0.25% + GST

Prepayment TermsZero prepayment penalty on floating rate loans as per regulatory norms

How to Apply (3 Verified Paths)

💼Path 1: Current Account Portal

Apply online via business net banking or approach loan account manager.

🌐Path 2: Official FinTech / Govt Portal

Apply online at https://www.indianbank.in/departments/ind-surya-ghar-msme/ with digital KYC and financial statements.

🏢Path 3: SME Banking Center Walk-In

Visit nearest MSME branch of the institution with business registration and bank statements.

Eligo does not collect business loan applications or financial data. Apply directly on the verified official domain:

Visit Official Portal↗

Documents Required Checklist

Udyam Registration Certificate, PAN, Aadhaar, Last 2 years ITR and financial statements, 12 months GST returns, 6 months bank statement.

Frequently Asked Questions

What is the maximum loan tenure and amount for Indian Bank Ind Surya Ghar MSME Rooftop Solar Loan?

Borrowers can avail ₹5 Lakh to ₹5 Crore with a repayment tenure of Up to 10 years.

What are the processing charges and collateral terms for Indian Bank Ind Surya Ghar MSME Rooftop Solar Loan?

The processing fee is 0.25% + GST. Collateral terms: Requires grid connectivity feasibility study and quotation from MNRE-approved solar EPC vendor.

What are the eligibility criteria for Indian Bank Ind Surya Ghar MSME Rooftop Solar Loan?

Commercial MSMEs with ownership or long-lease on factory roof. Minimum business vintage required is 1 year(s).

How can an applicant apply for Indian Bank Ind Surya Ghar MSME Rooftop Solar Loan?

Apply online at https://www.indianbank.in/departments/ind-surya-ghar-msme/ or visit nearest branch with KYC, Udyam registration, and bank statements.