Central Bank of India Rooftop-Solar / Green Home Loan
Central Bank of India, established in 1911 and headquartered in Mumbai, offers this green home/solar loan at a floating rate of 8.2% to 9.75% for loans above ₹2 lakh, for amounts up to ₹6 lakh and tenures of up to 120 months. The bank's page also discloses concessional pricing outside this band: loans of ₹2 lakh or below carry a fixed rate of 5.75%, while existing Cent Home borrowers taking a loan above ₹2 lakh are offered 7.20% to 8.75%.
The processing fee is 0% and there is no prepayment penalty. Loans up to ₹2 lakh are sized for roughly 2.86kW solar installations at ₹70,000 per kW, with a margin of 10% for loans up to ₹2 lakh and 20% above that, a moratorium of 3 to 6 months, payment made directly to the vendor after installation, hypothecation of the solar equipment, and mandatory equipment insurance.
A government subsidy of ₹30,000 to ₹78,000, depending on system capacity, can be claimed via the loan account number, and the borrower must hold a savings account with the bank. Minimum loan amount, minimum tenure, minimum CIBIL score, applicant age, minimum salary, employment type, and documentation requirements are not published for this product.
Eligibility
Loan terms
- Concessional tiers exist and are excluded from the band per general-tier ruling — ≤₹2L fixed 5.75%, existing Cent Home borrower (>₹2L) 7.20-8.75%
- Processing fee NIL
- no prepayment penalty
- loans up to ₹2L for ~2.86kW installations (at ₹70,000/kW)
- above ₹2L max ₹6L
Documents
- PAN and Aadhaar
- Income proof (salary slips or ITR)
- Bank statement
- Documents for the pledged asset
Fees & charges
FAQ
Every row is date-stamped with the day we last checked it, and links to the lender’s published material so you can confirm it yourself. A row we confirmed against the source reads “Verified”; one we could only sight reads “as of”, and is not presented as confirmed. Anything we have not re-checked in 60 days is marked “rate under review” rather than left to look current. We do not claim a fixed re-checking cycle — the date on each row is the honest answer.
No. Viewing rates is not a credit enquiry and has no score impact. A hard enquiry happens only when you formally apply to a lender.