Upfront cost should not stop you from exploring solar. With an eligible solar loan, the installation cost may be financed through a lending partner and repaid through manageable monthly EMIs.
Solar financing allows eligible customers to explore a repayment-based option instead of paying the entire project cost at the time of installation.
In practice, “no upfront cost” generally means that an eligible lender may finance some or all of the approved solar project cost, subject to its policies. Instead of paying the complete amount immediately, the customer repays the sanctioned loan through EMIs.
Depending on the lender and project, the customer may still need to contribute a margin amount, pay charges, or meet other conditions. The exact arrangement is confirmed only after lender assessment.
Understand your electricity needs and estimated project cost.
Review available lending partners and their indicative terms.
Submit the required details and documents for lender evaluation.
After approval and applicable formalities, proceed as per the agreed financing terms.
Explore the banks and NBFCs available through Future Volt's financing network. Partner availability may vary.
Important: Partner availability and financing terms are subject to the respective lender's policies, assessment and approval. Future Volt does not guarantee loan approval or specific financing terms.
Prepare the basic information and documents that may be requested during the solar loan assessment.
Lenders may evaluate the following factors. Specific requirements can differ by institution.
The exact checklist may vary based on the lender, applicant profile and loan category.
Use this illustration to understand how loan amount, interest rate and tenure can affect a monthly repayment.
Illustrative calculation only
The displayed EMI is an approximate mathematical illustration based on the entered values. Actual EMI may differ due to lender rates, fees, insurance, taxes, disbursal structure and other charges.
The following examples help explain possible repayment amounts across common residential solar system sizes.
Example monthly EMI based on a 7% annual interest rate for a 7-year tenure.
| Loan Amount | Interest Rate | Tenure | Monthly EMI | Total Interest | Total Repayment |
|---|---|---|---|---|---|
| ₹1,00,000 | 7% p.a. | 7 Years | ₹1,509 | ₹26,779 | ₹1,26,779 |
| ₹2,00,000 | 7% p.a. | 7 Years | ₹3,019 | ₹53,557 | ₹2,53,557 |
| ₹3,00,000 Example | 7% p.a. | 7 Years | ₹4,528 | ₹80,336 | ₹3,80,336 |
| ₹4,00,000 | 7% p.a. | 7 Years | ₹6,037 | ₹1,07,114 | ₹5,07,114 |
| ₹5,00,000 | 7% p.a. | 7 Years | ₹7,546 | ₹1,33,893 | ₹6,33,893 |
| ₹7,50,000 | 7% p.a. | 7 Years | ₹11,320 | ₹2,00,839 | ₹9,50,839 |
| ₹10,00,000 | 7% p.a. | 7 Years | ₹15,093 | ₹2,67,785 | ₹12,67,785 |
Illustrative calculations only. Actual EMI, interest rate, processing fees, tenure and loan approval are subject to the terms and conditions of the selected bank or NBFC.
A simple overview of the usual journey. Timelines are indicative and depend on document readiness and lender review.
Share your electricity bill, project requirements and contact details with the Future Volt team.
The team reviews your requirements, assesses the site and prepares an estimated solar proposal.
Review available lender options and proceed with the institution that fits your requirements.
Provide the required identity, income, property and project documents for lender assessment.
The lender verifies the application and communicates the approved amount, rate, tenure and conditions.
After acceptance of the loan agreement and completion of applicable conditions, funds may be disbursed according to lender policy.
Installation proceeds according to the project plan, while repayment follows the lender's agreed schedule.
* Timelines are indicative only. Actual processing, sanction, disbursal and installation timelines depend on documentation, lender verification, site readiness and other applicable factors.
Talk to our team about your energy needs and explore a solar solution designed around your requirements, goals, and project.
