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The maximum quantum of loan per individual is 75% of Project Cost (as per MNRE approved dealer) or Rs.10.00 lakh whichever is lower subject to repayment capacity of borrower.
5% of project cost will be contributed by borrower under this scheme.
40% subsidy of the project cost for installation of Roof Top Solar of 3 KW And 20% subsidy for beyond 3 KW and upto 10 KW.
Note: Capital subsidy if any provided by MNRE may be taken as part of Margin.
Type of Facility
Project Cost
Maximum Loan Component
Margin/Borrower contribution
Subsidy
(By MNRE)
Term Loan
Equipment & installation cost
75% of project Cost or 10.00Lakh
(which-ever is less)
5% of Project cost
40% subsidy for project cost for installation upto Rs3.00Lakh,
20% subsidy for project cost above Rs.3 Lakh to Rs.10 Lakh.
Loan amount Range
CIBIL Score
LTV (%)
Rate of Interest
Salaried
Non-salaried
Male
Female
Upto
Rs. 10.00 Lakhs
>=700
<=80
EBLR + 0.05%
EBLR
EBLR + 0.10%
>80 & <=90
EBLR + 0.20%
EBLR + 0.15%
=600 &<700
>80 &<=90
EBLR + 0.30%
EBLR + 0.25%
<600
EBLR + 0.35%
EBLR + 0.45%
EBLR + 0.40%
EBLR + 0.55%
EBLR + 0.50%
Maximum period of 6 month or time taken by Discom for installation whichever is less under this scheme only.
20 Years in EMI or repayment period stipulated under housing loan whichever is earlier.
Mortgage of existing house for our loan customer.
OR
Assignment/lien of LIC Surrender Value, NSC, FD etc. or Mortgage of House which cover 100% of Loan Value for other than our housing loan customer.
**Conditions Apply**
**Contact our nearest Branch for more details**