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.

• Minimum - Rs 30,000/-

• Maximum of Rs 10.00 Lacs

• 80% on the project cost which includes cost of the system, accessories, Transportation & installation.

• Minimum - Rs 1.00 Lac

• Maximum of Rs 10.00 Lacs

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.