Energize Your Dreams: Go Solar with Our Tailored Solar Loans.
Features
Purpose
Security
Interest Rate
Features
Repayment: up to 5 years.
Eligibility
Individuals/Proprietary (18 to 55 years)
Partnership Firms/LLP/ Pvt Ltd Companies
Purpose
For Purchase of solar based Machinery / Equipment’s for installation at residential such as ownership flats/independent house/farm house as well as in commercial malls, shopping complex, bungalows etc
Security
Hypothecation of machinery/equipment/assets purchase out of Bank financed
All other security documents to be obtained as per Bank’s extant Guidelines for Machinery Loan/Equipment Loan
Loan amount up to Rs. 5 Lakhs – NIL
Loan amount above Rs. 5 Lakhs – 50% of immovable/liquid assets as acceptable to the Bank.
Guarantor: Two guarantor with good income & net worth and having owned residence place acceptable to Bank
Interest Rate
For Residential Flat Owner/Independent House/Farm House: 08.50% p.a on daily reduction basis
For Commercial: 09.00% p.a on daily reduction basis
