Solar Roof Top Finance - Personal Banking

Features

• Target Group: All existing salaried personal segment customers maintaining salary account with Bank.
• Type of facility: Term Loan
• Quantum of Loan: Minimum Rs. 50,000 and Maximum Rs.10 lakhs.
• Borrower’s Margin / Contribution: 20% (minimum)
• Rate of interest: Attractive Interest rate, 200 bps above 1-Year MCLR (effective rate wef 15.03.2023 is 10.5%)
• *Existing home loan borrowers will get 20 bps concession in rate of interest subject to extension of mortgage.
• Other existing SBI customers with good track record will get 10 bps concession in rate of interest.
• Repayment Period: Minimum 6 months and Maximum 5 years.
• Processing charges: 0.50% of loan amount + applicable GST, subject to minimum of Rs.500
• Processing of loans: Centralised Processing for quick Turn Around Time (TAT)