Solar Loan

Scheme for Installation of Solar Energy Lighting and Solar Heater

To provide loan for purchase of Solar Energy Lighting & Solar Heater along with required material

Note: No second hand or reconditioned solar energy system will be eligible for loan

Type of Facility: Term Loan

Interest Rate: 8.75% p.a.

Any individual for domestic use, micro business set ups, hotels, hospitals, restaurants, etc.

Limit:

For Individual: Maximum Rs 5.00 Lakh or 75% of the project cost whichever is lower
For Commercial: As per requirement matching with source of present income and proposed, if it proves that the income will increase/will save sufficient electricity charges to repay the loan

Repayment: Repayment of loan in a maximum period of 7 years, by monthly installments