Capri Global Capital Launches Rooftop Solar Finance for MSMEs and Individuals

Capri Global Capital Ltd (Capri Loans), a leading non-banking financial company (NBFC), has introduced its Rooftop Solar Finance product under the MSME Loans category, aiming to make solar energy adoption easier for individuals and businesses. 

This new financing solution helps customers harness solar energy for personal use, contributing to a more sustainable future while supporting the government’s National Solar Mission, which targets expanding residential rooftop solar capacity by 2027.

Capri Solar Finance offers a hassle-free experience with no collateral and minimal documentation, ensuring quick loan approval in under five minutes. Disbursals are completed within 4-6 hours, making the process both fast and convenient. To streamline this process, Capri Global has partnered with Credit Fair, a renewable energy fintech company, to facilitate digital onboarding for customers. Loans ranging from ₹50,000 to ₹25,00,000 are available at competitive interest rates, covering the entire cost of solar modules, inverters, batteries, and installation, making this a comprehensive option for both homeowners and businesses looking to invest in self-use solar projects.

Mr Amar Rajpurohit, Chief Business Officer (CBO) of MSME Loans at Capri Global Capital Ltd, expressed the company’s dedication to supporting the government’s solar mission, stating, “We are keen to be one of the early bird NBFCs in the space of rooftop solar finance. Given the India Rooftop Solar Market size in terms of installed base is expected to reach 34.99 gigawatts by 2029, we feel well positioned to ride the tailwinds of the sector. Capri Solar Finance aims to reach a loan book size of ₹1000 crore in the coming years in this business. The first phase of the rollout will focus on Rajasthan, Madhya Pradesh, and Gujarat, with plans to expand to Delhi, Maharashtra, Uttar Pradesh and Uttarakhand by year end.” 

He further added, “We are building an ecosystem with India’s major solar panel manufacturers and EPC installers to further accelerate our mission. Credit Fair’s digital platform would drive widespread adoption of solar energy and empower households and businesses in Tier 2, 3, and 4 cities to generate their own electricity while contributing to India’s solar energy goals. Vendors listed with Credit Fair will be able to avail the benefits of Capri Solar Finance credit. We are making the transition to solar power simple, accessible, and hassle-free for our customers.”

Capri Solar Finance offers flexible repayment options, with loan tenures of up to five years for new customers and six years for existing customers of Capri Loans. The financing solution is available to homeowners, salaried individuals, commercial establishments, MSMEs, and factories aiming to install solar solutions and contribute to India’s renewable energy goals.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.