TMB Green Energy Loan
Explore financial solutions that support clean energy adoption, livelihood
development and inclusive economic growth across communities
Support for renewable and clean energy projects
Government-backed benefits for priority sectors
Simple process with guided assistance
Enables long-term economic and environmental resilience
Overview
The TMB Green Energy Loan is designed to help individuals, households, small businesses and MSMEs adopt renewable energy solutions with ease. By supporting investments in solar power systems and other clean energy technologies
Product Highlights
This loan supports the purchase and installation of solar panels, rooftop systems, inverters and related energy-efficient equipment. With competitive interest rates and flexible repayment schedules, the scheme enables customers to invest confidently in long-term energy solutions
Features and Benefits
TMB Green Energy Loan offers customers the advantage of adopting renewable energy without heavy upfront costs. Borrowers can enjoy predictable equated installments, structured financing and minimal documentation. The loan enhances accessibility to clean energy, supports energy independence and reduces overall power expenses
Eligibility
Individuals, households, small enterprises, proprietorships, and MSMEs investing in approved renewable energy systems are eligible for this loan. Applicants must comply with KYC norms, provide proof of installation or procurement
Eligibility & loan parameters
Clear eligibility criteria, repayment terms, interest rates and applicable fees for eco-friendly financing
Green Energy Loan - Eligibility & Loan Terms
| Parameter | Details |
|---|---|
| Eligible Borrowers | Individuals, Proprietary Concerns, Partnership Firms, LLPs and Private Limited Companies |
| Nature of Advance | Term Loan / Non-Fund Based Limits |
| Margin Requirement | 20% on the relevant asset • 10% of On-Road Price (for purchase of new vehicle) |
| Repayment Period - Existing Home Loan Borrowers | Residual period of the existing Home Loan |
| Repayment Period - New Home Loan Borrowers | In line with the repayment tenure of the proposed Home Loan |
| Repayment Period - All Other Purposes | Up to 84 EMI / MI |
| Eligible Green Uses | Electric Vehicles, Solar Power Systems for Houses and other approved green energy purposes |
Green Energy Loan - Interest & Fees
| Charge Type | Applicable Charges |
|---|---|
| Interest Rate | As per prevailing Bank rates (Refer to Rates of Interest for Loans) |
| Processing Charges | 0.50% of loan amount + GST (No maximum cap) |
| Documentation Charges - Electric Vehicle | Up to ₹25.00 lakh - Nil Above ₹25.00 lakh & up to ₹1.00 crore - ₹1,500 + GST Above ₹1.00 crore - ₹10,000 + GST |
| Documentation Charges - Solar Power for House | ₹1,000 + GST (Flat charge) |
| Documentation Charges - All Other Purposes | Up to ₹5.00 lakh - Nil Above ₹5.00 lakh & up to ₹10.00 lakh - ₹500 + GST Above ₹10.00 lakh - ₹750 + GST |
Frequently Asked Questions
Find answers to the most common questions about eligibility, benefits, and
features of the TMB Royal Savings Bank Account
