Solar power- generate cheap electricity for your consumption. Get installed solar panel in your property through our scheme especially designed for it

Purpose:
To provide financial assistance for installation of solar panels and solar pumps to help in generating electricity for consumption as well as sale to power companies etc.

Features:
• Sanctioned as Term Loan for 07 years
• Loan for purchasing solar panels or solar pumps.
• Maximum loan up to Rupees 40.00 lakh
• Loan available upto 90% of the cost


Advantage:
• Low Interest Rate
• Minimal Documents
• Minimal Processing Fee
• No hidden charges
• No Pre-payment penalty


Eligibility:
• Any farmers having land area above 02 hectares in Jodhpur District.
• Existing house/mortgage loanee of the bank, who has already pledged the property on which solar panel is to be installed, with the bank
• Societies working in the Jodhpur District that are already members of the bank.
• Group of farmers/ Farmer Producer Organization/ Water Consumer Association having their own land in the Jodhpur District


Rate of Interest:
• Rate 8.50%
• ROI is calculated on daily reducing balance

Charges:
• Zero Processing Fee
• Other Charges: Document stamp charges as prescribed by the Government

Documents Required:
• Application form duly filled and signed
• KYC Documents of the applicant and 02 guarantors
• CIBIL reports of the applicant and 02 guarantors
• Last 03 year Income Tax Returns of the applicant and 02 guarantors
• Quotation of solar panel
• Property documents of the land to be pledged against loan
• Legal opinion about the property rendered by a legal expert among of bank’s panel
• Valuation report of the property by bank’s valuer
• Latest Electricity bill copy along with certificate of total load sanctioned by the concerning department
• Affidavit by the applicant


*Terms & Conditions apply. For further details, Please contact your Nearest Branch