Eligibility:

A/B – Class Members of Bank Can apply for this loan.

Objective:

To purchase new SOLAR SYSTEMS & SOLAR EQUIPMENTS.

Loan Amount:

• Upto 50,000/- RS for House hold SOLAR SYSTEMS
  & EQUIPMENTS.
• Upto Rs 2,50,000/- for commercial use of SOLAR SYSTEMS & EQUIPMENTS

Margin:

A)There is 0% margin for house hold Solar equipments.

B)25 % Margin has to be deposited in the bank for commercial use of SOLAR SYSTEMS & EQUIPMENTS

Tenure:

24 Months(2 years).

Repayment:

A) For Self employed/Bussinessmen-The repayment has to be done on EMI Basis.(43.75 for per 1000 Rs)
B)For Agriculturist & Farmers-The repayment has to be done on half yearly basis(Rs 265 for per 1000Rs)

Rate Of Interest:

5%

Bank Security:

Guarantor:
2 Gaurantors with strong financial background.
 

Processing Charges:
Rs.100/- for House hold SOLAR SYSTEMS & EQUIPMENTS.
1% for commercial SOLAR SYSTEMS & EQUIPMENTS.