Rooftop Solar Financing
Going solar should not strain your savings. Recapita's Rooftop Solar Financing covers the cost of your residential or commercial solar installation with EMIs designed so that your electricity savings work towards your repayment.
Why choose this
- Finance residential and commercial solar installations
- EMIs designed around your power savings
- Support for government subsidy paperwork
- Contribute to a cleaner, greener India
Key features
Why choose Recapita's Rooftop Solar Financing
Finance residential and commercial solar installations
EMIs designed around your power savings
Support for government subsidy paperwork
Contribute to a cleaner, greener India
Eligibility
- Property owner planning a rooftop solar installation
- Quotation from a recognised solar installer
- Valid KYC documents
Documents required
- Aadhaar and PAN card
- Proof of property ownership
- Solar installer quotation
- Last 6 months' bank statement
How it works
From application to disbursal in four steps
- 01
Online Application
Apply online and our customer care executives will get in touch with you.
- 02
Verification
Furnish the required documents for a simple, transparent verification, subject to KYC.
- 03
Approval
Your documents are assessed and your application is processed, subject to eligibility and our credit policy.
- 04
Disbursal
On approval, the sanctioned loan amount is disbursed directly to your bank account.
Interest & charges
Transparent pricing, disclosed up front
Your exact rate and charges are confirmed in your sanction letter and Key Facts Statement.
Indicative interest rate
12% – 25% per annum, based on your risk profile and tenure.
A Key Facts Statement (KFS) setting out the all-inclusive cost of your loan — including the Annual Percentage Rate (APR), fees and charges — is provided with your sanction, as required by RBI.
Schedule of Charges
| Charge | Details |
|---|---|
| Interest rate | As per the product range above and your sanction letter / KFS. |
| Processing fee | Determined by product type and loan amount; disclosed at sanction. |
| Prepayment / foreclosure | Nil for individual floating-rate loans; up to 5% on other loans for early closure before the agreed tenure. |
| Penal charges | Up to 24% per annum (non-capitalised), applied on the overdue principal only. |
| Cheque / mandate bounce | ₹500 plus GST per instance of dishonour or payment bounce. |
| Auction charges (secured/gold) | Actuals where recovery through auction becomes necessary, as per the loan agreement and Gold Auction Policy. |
| Stamp duty & statutory levies | At actuals, in accordance with applicable law. |
All loans are at the sole discretion of Recapita Finance Private Limited and are subject to KYC, eligibility, documentation, valuation and applicable RBI norms. Interest rates and charges vary by product, tenure and borrower risk profile, and are confirmed in your sanction letter and Key Fact Statement (KFS). Information on this page is indicative and for general guidance only — it does not constitute a binding offer of credit.
Questions
Frequently asked
Does the loan cover the full installation cost?
We finance a substantial portion of the installation cost based on the quotation and your repayment capacity.
Ready to conquer your next milestone?
Apply online and our team will get in touch - or call us directly at +91 9109915411.