IndiaBanks.org · independent research

Personal, home, vehicle & other loans

-Surya Ghar Yojana-Composite

-Surya Ghar Yojana-Composite

Interest rate5.75% p.a. at present for a loan up to ₹2 lakh; above ₹2 lakh and up to ₹6 lakh, Baroda Home Loan pricing applies and is presently starting from 7.90% p.a. linked to CIBIL score. Fixed and floating options are available.Maximum financeMaximum loan limit ₹6,00,000; financing is up to 90% of project cost.TenureMaximum 120 months. For loans up to ₹2,00,000, applicants above age 65 may be considered with a close-relative co-applicant and repayment before age 75.
Official product page ↗Compare category

Quick eligibility check

-Surya Ghar Yojana-Composite

0 of 9 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Does your annual income meet this requirement: Resident individuals, singly or jointly, salaried or earning from business/profession/agriculture, who own the residential property or terrace rights?

Published source: Eligibility

2Do you meet this requirement: Composite is for borrowers taking a fresh Bank of Baroda home loan?

Published source: Eligibility

3Do you meet this requirement: standalone is the solar-only facility?

Published source: Eligibility

4Does your annual income meet this requirement: No minimum rupee income is published?

Published source: Income eligibility

5Does your annual income meet this requirement: For the PM-Surya Ghar loan above ₹2 lakh, income documents and at least 1 year of salaried employment or 2 years of non-salaried business/profession are required?

Published source: Income eligibility

6Document checkDo you have this required document or proof: KYC documents for the applicant and co-applicants?

Published source: Eligibility

7Document checkDo you have this required document or proof: Latest electricity bill and digital approval letter issued through the JanSamarth portal?

Published source: Eligibility

8Document checkDo you have at least one of these required documents: For loans above ₹2 lakh: last three months' salary slips and Form 16/ITR for salaried applicants; two years' ITR for non-salaried applicants; latest competent-authority income certificate for agriculturists; and the bank statement receiving salary or business proceeds for the last six months?

Published source: Eligibility

9Document checkDo you have this required document or proof: No income document is required up to a ₹2 lakh loan limit; the bank may request other case-specific documents?

Published source: Eligibility
0 of 9 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 30 Aug 2026 · active
Offered byBank of Baroda

India; eligibility, branch and channel availability follow the official product terms

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

EligibilityResident individuals, singly or jointly, salaried or earning from business/profession/agriculture, who own the residential property or terrace rights. Composite is for borrowers taking a fresh Bank of Baroda home loan; standalone is the solar-only facility.View source
The official pages publish resident-individual, property, age and rooftop-use rules.
Source
-Surya Ghar Yojana — Composite and Standalone
Page / section
Features / Eligibility Criteria
Accessed
23 Aug 2026
Confidence
high
Open official source ↗
Facility amountComposite: ₹50,000 minimum to ₹6 lakh maximum. Standalone: up to ₹6 lakh. Financing is up to 90% of project cost.View source
The official pages publish the loan limits and 90% project-financing cap.
Source
-Surya Ghar Yojana — Composite and Standalone
Page / section
Benefits / Limit
Accessed
23 Aug 2026
Confidence
high
Open official source ↗
Interest rate5.75% p.a. at present for a loan up to ₹2 lakh; above ₹2 lakh and up to ₹6 lakh, Baroda Home Loan pricing applies and is presently starting from 7.90% p.a. linked to CIBIL score. Fixed and floating options are available.View source
The rate table has separate bands for loans up to ₹2 lakh and ₹2–6 lakh.
Source
-Surya Ghar Yojana — Standalone
Page / section
Features — Attractive Rate of Interest
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
TenureMaximum 120 months. For loans up to ₹2,00,000, applicants above age 65 may be considered with a close-relative co-applicant and repayment before age 75.View source
The official scheme pages publish a 120-month maximum and the over-65 co-applicant/repayment condition for loans up to ₹2 lakh.
Source
-Surya Ghar Yojana — Composite and Standalone
Page / section
Tenure and eligibility
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Margin / securityMargin is 10% of project cost up to ₹2 lakh and 20% above ₹2 lakh to ₹6 lakh. No foreclosure charge is published for the scheme.View source
The official pages publish margin bands and no-foreclosure-charge benefit.
Source
-Surya Ghar Yojana — Composite and Standalone
Page / section
Benefits / Margin / Fees
Accessed
23 Aug 2026
Confidence
high
Open official source ↗
Processing feeNil irrespective of loan amount under the scheme; applicable State Government stamp duty is extra.View source
Both loan bands show nil processing fee, with stamp duty governed by State guidelines.
Source
-Surya Ghar Yojana — Standalone
Page / section
Fees & Charges
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Rooftop capacityGrid-connected residential rooftop solar systems up to 10 kW.View source
The purpose section limits the scheme to grid-connected residential rooftop solar up to 10 kW.
Source
-Surya Ghar Yojana — Standalone
Page / section
Eligibility Criteria — Purpose
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Maximum financeMaximum loan limit ₹6,00,000; financing is up to 90% of project cost.View source
The page publishes up to 90% financing and a ₹6 lakh maximum limit.
Source
-Surya Ghar Yojana — Standalone
Page / section
Benefits; Eligibility Criteria — Limit
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Applicant margin10% of project cost up to ₹2 lakh; 20% of project cost above ₹2 lakh and up to ₹6 lakh.View source
The margin section publishes both project-cost bands.
Source
-Surya Ghar Yojana — Standalone
Page / section
Eligibility Criteria — Margin
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Income eligibilityNo minimum rupee income is published. For the PM-Surya Ghar loan above ₹2 lakh, income documents and at least 1 year of salaried employment or 2 years of non-salaried business/profession are required; up to ₹2 lakh, the scheme requires no income documents and waives the vintage condition.View source
The same official scheme page publishes the ₹2 lakh document threshold and 1-/2-year employment tests for both variants.
Source
-Surya Ghar Yojana-Composite and Standalone
Page / section
Documents Required;
Accessed
29 Aug 2026
Confidence
high
Open official source ↗
Prepayment / foreclosureNo foreclosure charges are published for either PM-Surya Ghar variant. The official scheme page explicitly lists “No Foreclosure Charges”; stamp duty and interest are separate.View source
The official scheme page publishes “No Foreclosure Charges” for the -Surya Ghar facility.
Source
-Surya Ghar Yojana-Composite and Standalone
Page / section
Benefits; Fees & Charges
Accessed
29 Aug 2026
Confidence
high
Open official source ↗
Loan typeComposite solar-rooftop loan under PM-Surya Ghar YojanaView source
The official product title identifies the composite -Surya Ghar Yojana loan route.
Source
-Surya Ghar Yojana — Composite — official page
Page / section
Product title and overview
Accessed
29 Aug 2026
Confidence
high
Open official source ↗
BenchmarkBank of Baroda says BRLLR applies to all retail lending products. The current page lists BRLLR at 7.90% (repo 5.25% + markup/base spread 2.65%) effective 6 December 2025 and 1-year MCLR at 8.75% effective 12 August 2026. Product-specific spreads, CIBIL pricing and scheme conditions determine the applicable rate.Effective 12 Aug 2026View source
The page states that was introduced for all retail lending products and gives the current , repo-plus-spread composition and reference. It does not state that one single spread applies to every product.
Source
Bank of Baroda Retail Loans Interest Rates
Page / section
benchmark; benchmark; retail loan rate tables
Accessed
29 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Up to 90% of the project cost can be financed.
  • Interest rate starts at 5.75% p.a. for the applicable low-loan band.
  • Subsidy up to ₹78,000 is available under Ministry guidelines.
  • No foreclosure charges are published for the scheme.
  • Floating and fixed interest-rate options are available.
  • No income document is required for a loan limit up to ₹2 lakh.

Eligibility

  • Resident individuals, singly or jointly, who are salaried or earn from business, profession or agriculture may apply.
  • The applicant must own the residential property or terrace rights and intend to take a fresh Bank of Baroda home loan under the composite route.
  • The purpose is a grid-connected residential rooftop solar system up to 10 kW; industrial, commercial, government and semi-government projects are excluded.
  • Minimum age is 21; the published maximum is up to 75, subject to repayment-before-age conditions.
  • For loans above ₹2 lakh, salaried applicants need at least one year of employment and non-salaried applicants at least two years in business/profession; this vintage rule is waived up to ₹2 lakh.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • documents for the applicant and co-applicants.
  • Latest electricity bill and digital approval letter issued through the JanSamarth portal.
  • For loans above ₹2 lakh: last three months' salary slips and Form 16/ for salaried applicants; two years' for non-salaried applicants; latest competent-authority income certificate for agriculturists; and the bank statement receiving salary or business proceeds for the last six months.
  • No income document is required up to a ₹2 lakh loan limit; the bank may request other case-specific documents.
  • Solar-system quotation from a DISCOM-empanelled vendor.

Related official documents

Bank of Baroda Retail Loans Interest Rates — current BRLLR and MCLR referencesofficial-interest-rate-page · current · accessed 29 Aug 2026
↗
Bank of Baroda service charges — retail processing and prepayment scheduleofficial-service-charge-page · current · accessed 29 Aug 2026
↗
Bank of Baroda loan product pages — eligibility, limits and chargesofficial-product-pages · current-at-review · accessed 29 Sept 2026
↗
Bank of Baroda loan APR auditofficial-product-pages-and-rate-table · current-at-review · accessed 29 Sept 2026
↗
PM-Surya Ghar Yojana — Composite — official pageofficial-product-page · current · accessed 29 Aug 2026
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

Try your numbers

Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Car Loan & Digital Car Loan · Published treatment₹1,500 + up to ₹10 lakh; ₹2,000 + above ₹10 lakh; named concessions apply

This value is copied from Bank of Baroda retail loan processing and prepayment rules reviewed. Check the table notes before relying on it.

Source: Bank of Baroda service charges — retail processing and prepayment schedule · Mortgages & Retail Asset; Pre-Payment Charges under Fixed Rate Retail Loans Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 8 rows · 2 columnsBank of Baroda retail loan processing and prepayment rules reviewedKey rows preserved from the current official service-charge schedule and linked product pages.View tableHide table

Scroll sideways to view every column

Bank of Baroda retail loan processing and prepayment rules reviewed
Product/rulePublished treatment
Car Loan & Digital Car Loan₹1,500 + up to ₹10 lakh; ₹2,000 + above ₹10 lakh; named concessions apply
Home Loan & Home Improvement Loan0.50% (min ₹8,500, max ₹15,000) up to ₹50 lakh; 0.25% (min ₹8,500, max ₹25,000) above ₹50 lakh; takeover ₹8,500
/ Home LoanProcessing waived; out-of-pocket ₹8,500/₹10,000/₹3,500 + by channel/project; non- takeover login ₹1,500 refundable
Fixed-rate Advance Against Securities1% + of outstanding amount on prepayment
Fixed-rate Education/Skill LoanOwn-source nil; takeover 0.50% of outstanding
bob Insta Personal LoanFloating nil; fixed 3% + during first 3 years; nil after 36 months and stated exceptions
-Surya GharNo foreclosure charges
E-commerce overdraft and loanNo product-specific prepayment charge published in reviewed materials
  • is extra where the schedule says so. A Not published result means the named product page and applicable current schedule were both checked; no value is inferred from another product.
Bank of Baroda service charges — retail processing and prepayment schedule · Mortgages & Retail Asset; Pre-Payment Charges under Fixed Rate Retail Loans · effective 1 Apr 2025 · accessed 29 Aug 2026Open official source ↗
Table 2 · 3 rows · 4 columnsBank of Baroda retail-lending benchmark referenceCurrent benchmark values and effective dates from the official retail-loans rate page.View tableHide table

Scroll sideways to view every column

Bank of Baroda retail-lending benchmark reference
ReferencePublished valueEffective dateUse
7.90% = repo 5.25% + markup/base spread 2.65%6 December 2025Benchmark for retail lending; product-specific spread and risk pricing still apply.
1-year 8.75%12 August 2026Reference used by products or fixed/legacy pricing that expressly links to .
Base rate9.45%12 May 2025Reference where a product's published terms expressly use Base Rate.
  • The page says covers retail lending products but also shows product-specific spread tables; the benchmark is not itself the final customer rate.
Bank of Baroda Retail Loans Interest Rates · benchmark; benchmark · effective 12 Aug 2026 · accessed 29 Aug 2026Open official source ↗
Table 3 · 3 rows · 2 columnsPM-Surya Ghar — rate, limit and margin bandsPublished bands from the current composite and standalone pages.View tableHide table

Scroll sideways to view every column

PM-Surya Ghar — rate, limit and margin bands
BandPublished terms
Loan up to ₹2 lakh5.75% p.a. at present; 10% margin; no income document; no processing fee
Above ₹2 lakh to ₹6 lakhBaroda Home Loan pricing presently starting at 7.90% p.a. linked to ; 20% margin; processing fee nil
Overall schemeUp to 90% of project cost; maximum ₹6 lakh; rooftop capacity up to 10 kW; subsidy up to ₹78,000; no foreclosure charges
  • Applicable State Government stamp duty is extra. Fixed and floating options are available.
-Surya Ghar Yojana — Standalone · Benefits; Features — Rate; Eligibility — Limit and Margin; Fees & Charges · accessed 30 Aug 2026Open official source ↗
Table 4 · 6 rows · 2 columnsPM-Surya Ghar — document checklistDocument requirements preserved from the scheme page.View tableHide table

Scroll sideways to view every column

PM-Surya Ghar — document checklist
Loan band / applicantDocuments
All applicants documents; latest electricity bill; JanSamarth digital approval letter
Up to ₹2 lakhNo income document required
Above ₹2 lakh — salariedLast 3 months' salary slips; Form 16/; six-month salary-credit bank statement
Above ₹2 lakh — non-salaried for last 2 years; six-month business-proceeds bank statement
Above ₹2 lakh — agriculturistLatest income certificate from competent local revenue authority
All installationsQuotation from a DISCOM-empanelled solar vendor
  • The bank may request other documents case by case; household rooftop projects only.
-Surya Ghar Yojana — Standalone · Documents Required; · accessed 30 Aug 2026Open official source ↗

More from Bank of Baroda

Related products

Baroda Advance Against Securities (Kisan Vikas Patra / e KVP)

A demand loan, term loan or overdraft against eligible Kisan Vikas Patra (/e-). The bank states there is no maximum loan ceiling, while its says lending may be up to 80–85% of the certificate face value. Apply at a branch.

View product

Baroda Advance Against Securities( Life Insurance Policies)

A term/demand loan or overdraft against an eligible assigned life-insurance policy. Minimums are ₹3,000 for term/demand and ₹20,000 for overdraft; the bank states no maximum ceiling and an advance of up to 80%–85% of surrender value.

View product

Baroda Advance Against Securities (National Savings Certificate)

A Bank of Baroda term loan, demand loan or overdraft secured by National Savings Certificates. Public borrowers have no stated maximum ceiling; minimums are ₹3,000 for term/demand and ₹20,000 for overdraft. A lien must be recorded with the issuing post office before disbursement.

View product

Baroda Advance against the securities (Relief Bonds /Government Bonds)

Bank of Baroda offers demand loans, term loans and overdrafts secured by eligible Relief or Government bonds. Published minimums are ₹3,000 for demand/term loans and ₹20,000 for overdrafts; the bank states no maximum ceiling. Its says government savings-bond advances may reach 80%–85% of face value.

View product