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. Apply Now
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:
- Latest Electricity Bill in the name of Borrower.
- Technical feasibility Report
- Site Feasibility Report
- Quotation from vendors.
- Copy of agreement between applicant and vendor.
- Commissioning Certificate of net meter from MNRE portal.
- For Loan amount above Rs. 2.00 lakh PAN is mandatory.
- 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 & Loan amount above Rs. 2.00 Lakh |
|---|---|---|
|
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