To purchase off grid renewable solar energy equipments in India as under: Solar Cookers Solar Heaters Home / Indoor Lighting Systems Particulars Scheme A Scheme B 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.
To purchase off grid renewable solar energy equipments in India as under:
Particulars
Scheme A
Scheme B
Eligibility
All Individuals satisfying 50% take home pay norms
Institutions like Educational Institutions, Hospitals, Hotels/Restaurants etc.
Quantum of Loan
Interest Rate (Click here)
11.75%
12.00%
Security
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.