Purpose:
Installation of Grid Connected Roof Top Solar System up to 10 kw Plant for residential
purpose only to individual having existing independent house/Flats having roof rights.
Who can apply:
Resident Indian citizen 21 yrs and above.
Applicant should be maintaining saving account/pension account/Salary Account with our Bank.
Documents Required:
1. Latest Electricity Bill in the name of Borrower.
2. Technical feasibility Report
3. Site Feasibility Report
4. Quotation from vendors.
5. Copy of agreement between applicant and vendor.
6. Commissioning Certificate of net meter from MNRE portal.
7. For Loan amount above Rs. 2.00 lakh PAN is mandatory.
8. Net annual income minimum Rs.3.00 lakh for loan amount above Rs. 2.00 lakh.
Maximum Loan: 6.00 Lakh.
Rate of Interest:
|
For Loan amount up to Rs. 2.00 Lakh |
Existing Home Loan Borrower & Loan amount above Rs. 2.00 Lakh |
Non-Home Loan Borrowers |
|
Repo rate+0.50%. (Presently 5.25) +0.50% = i.e. 5.75% at present. |
ROI is as applicable to Cent Home Loan |
HL ROI +100 BPS (CIC based) |
Processing charge: Nil
CIC charges: Rs. 50.00+GST
API Charges: Rs. 81.00+GST