Unlocking Free Electricity With SBI’s Muft Bijli Yojana & Solar Roof Top Finance Scheme
State Bank of India (SBI), India’s leading financial institution, proudly presents the Muft Bijli Yojana Loan Scheme, empowering individuals to embrace solar energy and reduce their electricity bills. This innovative scheme aligns perfectly with the government’s vision of promoting sustainable living and energy independence.
Key Features of the Muft Bijli Yojana Loan Scheme
- Affordable Financing: Access loans up to ₹10 Lakhs with attractive interest rates starting from 9.65% p.a. Enjoy additional concessions based on your CIBIL score and existing SBI relationships.
- Flexible Repayment: Choose a repayment term between 6 months and 5 years to comfortably manage your monthly installments.
- Simplified Process: Streamlined loan processing ensures a quick turnaround time, allowing you to enjoy the benefits of solar power sooner.
- Wide Eligibility: Open to existing salaried SBI customers maintaining salary accounts with the bank, with a minimum CIBIL score of 670 and a Net Annual Income (NAI) of ₹3 Lakhs or above.
Benefits of Installing Solar Panels with SBI’s Muft Bijli Yojana Loan
- Reduced Electricity Bills: Generate your own clean energy, significantly lowering your dependence on the grid and reducing your monthly electricity expenses.
- Sustainable Living: Contribute to a greener future by minimizing your carbon footprint and supporting renewable energy sources.
- Government Subsidies: Leverage government subsidies available under PM Surya Ghar Muft Bijli Yojana to further reduce your upfront costs.
- Increased Property Value: Enhance the value of your property with a modern and eco-friendly solar power system.
Empowering a Brighter Future with Solar Energy
SBI’s Muft Bijli Yojana Loan Scheme goes beyond financial assistance. It’s an invitation to join a movement towards sustainable living and contribute to a cleaner environment. By opting for solar power, you not only save money but also make a positive impact on the planet.
Embrace the power of the sun and illuminate your future with SBI’s Muft Bijli Yojana Loan Scheme!
For more information:
- Visit your nearest SBI branch.
- Contact SBI’s dedicated customer care team.
- Explore the scheme details on SBI’s official website.
Together, let’s light the way towards a brighter, more sustainable future!
Share this article with your friends and family who are interested in switching to solar energy!
Additional Information
| Feature | Description |
|---|---|
| Loan Amount | Up to ₹10 Lakhs |
| Interest Rate | Starting from 9.65% p.a. |
| Repayment Tenure | 6 months to 5 years |
| Eligibility | Existing salaried SBI customers with CIBIL score ≥670 and NAI ≥₹3 Lakhs |
| Processing Fee | 0.50% of loan amount + GST |
| Security | Hypothecation of solar assets and housing property (optional) |
| Documents Required | Proforma invoice, ESCOM feasibility approval, electricity bills, KYC documents, ITR returns/Form 16, salary statements |
We encourage you to browse our website and social media pages for further details and updates on SBI’s Muft Bijli Yojana Loan Scheme. Let’s join hands and create a brighter, more sustainable future!
