Ø Solar Cookers
Ø Solar Heaters
Ø Home/Indoor Lighting Systems
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/- and Maximum of Rs 10.00 Lacs
80% on the project cost which includes cost of the system, accessories,
Minimum - Rs 1.00 Lac- and Maximum of Rs 10.00 Lacs .
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:
ü Mortgage of land /House/flat.
ü Security in the form of LIC policy/ NSC/ Term Deposits, etc.
Maximum up to 5 years without holiday period