
To purchase off grid renewable solar energy equipments in India as under:
- Solar Cookers
- Solar Heaters
- Home / Indoor Lighting Systems
Particulars |
Scheme A |
Scheme B |
Eligibility
|
All Individuals satisfying 50% take home pay norms
|
Institutions like Educational Institutions, Hospitals, Hotels/Restaurants etc.
|
Quantum of Loan
|
- 85% on the project cost which includes cost of the system, accessories, Transportation & installation.
|
- 80% on the project cost which includes cost of the system, accessories, Transportation & installation.
|
Interest Rate (Click here)
|
11.75%
|
12.00%
|
Security
|
- For Loan up to Rs 1 lac, Hypothecation of Solar Energy Equipments (financed by the Bank) along with third Party Guarantee
- For Loan above Rs 1 Lac, 100% Collateral security shall be obtained in any form as under
1. Mortgage of land /House/flat
2. Security in the form of LIC policy/ NSC/ Term Deposits, etc.
|
Repayment Period
|
Maximum up to 5 years without holiday period.
|