SBI Surya Ghar – Loan for Solar Roof Top - Personal Banking
Features
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S.N.
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Parameter
|
Eligibility Conditions
(Up-to 3 KW) |
Eligibility Conditions
(> 3 KW to 10 KW) |
|---|---|---|---|
| 1. | Purpose | Installation of Solar Roof Top Upto 3 KW | Installation of Solar Roof Top more than 3 KW and upto 10 KW |
| 2. | Loan Amount | Maximum Loan Amount Rs. 2 lacs | Maximum Loan Amount Rs. 6 lacs |
| 3. | Age & Other Eligibility Conditions |
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| 4. | PAN | PAN optional for CIBIL | PAN mandatory |
| 5. | Margin | Minimum 10% of the Project Cost | Minimum 20% of the Project Cost |
| 6. | Interest Rate(Floating Interest Rate) | EBLR - 2.15% Effective Rate as on date: 7% | For Home Loan customers EBLR + 0% - Effective Rate as on date – 9.15% For Non-Home Loan CustomersEBLR + 1% - Effective Rate as on date – 10.15% |
| 7. | Tenor | Maximum 120 months (inclusive of Moratorium period) No Minimum period (No pre-payment penalty) |
|
| 8. | Security | Hypothecation of Assets | |
| 9. | Processing Fees | NIL | |
| 10. | Subsidy |
|
Subsidy Amount – Rs. 78000 To be Claimed by Borrower from Suryaghar.gov.in (MNRE website)(Loan Account Number to be provided for credit of Subsidy Amount in the Loan Account) |
| 11. | Net Annual Income | No Requirement | Minimum - Rs. 3 lacs. |
| 12. | Documents required |
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| 13. | Moratorium | 6 Months from the date of Disbursement | |
| 14. | Disbursement | Disbursement to be made directly to the Vendor / EPC Contractor after submission of all the required feasibility reports as mandated by MNRE. Disbursement of Loan Amount + Borrower’s Margin |
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| 15. | Other Covenants |
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| 16. | Link for loan application |
To apply register at https://pmsuryaghar.gov.in After successful registration, please apply at https://www.jansamarth.in |
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Last Updated On : Thursday, 25-04-2024
