Fibe Launches Rooftop Solar Financing to Democratize Green Energy Access Across Bharat

Offers one-of-a-kind credit solution for residential rooftop solar installations 
Plans to rapidly expand its presence in Tier 2 and Tier 3 cities  

Mumbai, June, 24: Fibe, India’s leading digital lending platform, has entered the green energy segment with the launch of its rooftop solar financing solution, aimed at making clean energy adoption more accessible to middle-income households, particularly in Tier 2 and Tier 3 cities. 

The initiative supports the Government’s Pradhan Mantri Surya Ghar: Muft Bijli Yojana and reflects Fibe’s ongoing commitment to improve credit access for underserved segments. As one of the first prominent digital lenders empanelled on the Jan Samarth Portal, Fibe is uniquely positioned to bridge the affordability gap in the rooftop solar ecosystem. 

While most financing solutions in the sector focus on large-scale or commercial installations, Fibe’s product is tailored for middle-income households and the residential segment. Customers can now access collateral-free loans of up to ₹5 lakh, with 100% of the project cost covered—including both panel and installation expenses. The offering features a fully digital application journey, ensuring quick access to credit in less than 15 minutes and without paperwork. There are no foreclosure or hidden charges, offering complete transparency and flexibility to borrowers. 

The financing is open to salaried individuals aged 19–60 and self-employed individuals aged 23–65. Notably, even if the loan applicant is not the property owner, blood relatives can apply for the loan, provided they meet the eligibility criteria—broadening access to those living in shared or family-owned properties. 

“Upfront affordability has remained one of the biggest hurdles for rooftop solar adoption, especially among middle-income households in smaller cities. With this solution, we are unlocking access to clean energy for those who need it most. Our offering supports the government’s mission to power 1 crore homes with solar, and we are proud to play our part in enabling a more inclusive and sustainable future for Bharat. said Akshay Mehrotra, Co-founder & CEO, Fibe.  

Fibe has reached for pan-India and has partnered with more than 100 solar installation EPC companies. The company is focused on expanding its presence in Tier 2 and 3 markets, with ongoing efforts to deepen distribution through partnerships with solar manufacturers and service providers. 

Fibe’s solution is a step toward inclusive energy financing—designed to support India’s transition to a greener future, while ensuring that households across Bharat are not left behind. 

About Fibe 

Fibe is one of India’s leading consumer lending apps focused on young, aspirational, and tech-savvy Indian consumers. It is building a financial ecosystem that enables the mid-income group and the underserved segments to fulfil their financial aspirations. Fibe offers a range of financial products, including cash loans, long-term personal Loans, and Impact loans for sectors like healthcare and education, making affordability more accessible. 

Fibe offers instant approvals and quick disbursals. Fibe’s Tech Arm Social Worth Technologies Private Limited has partnered with Axis Bank to offer a secure, numberless credit card ensuring a seamless user experience. 

Fibe has grown multifold over the years and emerged as a market leader in providing financial assistance to young middle-income and underserved groups in India. Due to its scalable business model, Fibe has recently been upgraded to A- by CARE Ratings and has access to debt lines from leading banks, NBFCs and wholesale debt markets. It has been certified with ISO/IEC 27001 for its Information Security Management System (ISMS). Fibe has disbursed more than 8 million+ loans worth Rs. 33,000 Cr+ since inception through its lending partners. 

• Winner of BW Festival of Fintech Lending Platform of the Year (Gold) and Fintech Brand of the Year (Silver) 
• ET Healthcare Awards 2024 – Excellence in Affordable Healthcare Financing 
• Entrepreneur 2024 Founder Of The Year & Best Innovation in Financial Services 
• Winner of G20 Digital Innovation Alliance – Best Startup in Fintech