SOLAR SMART

The below information is not exhaustive kindly visit the nearest branch for detailed information

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Eligibility

  • Individuals and Societies, Business units, Industrial units
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Sanction Limit

Minimum Rs. 50,000/- maximum upto Rs. 50.00 Lakh

Households / Housing Societies upto Rs. 5.00 Lakh

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Repayment Period

Maximum 3 years for household / Housing Societies

Maximum 5 years including 3 months moratorium for Industries/Business houses

PREPAYMENT PENALTY: None

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Security

  • Primary Security:
    Hypothecation Charge to be created on solar power system assets financed (i.e. Solar panels, inverter, battery etc)
  • Collateral Security:
    Upto Rs. 2.00 Lakh – NIL
    Above Rs.2.00 Lakh - 100% of loan amount
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Rate of Interest

  • For loans up to Rs. 2.00 Lakh
    10.50% payable monthly (PLR less 1.5%)
  • For loans above Rs. 2.00 Lakh upto Rs. 50.00 Lakh
    9.50% payable monthly (PLR less 2.50%)

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Documents Required

  • PROOF OF IDENTITY
    Aadhar Card / Driving license / Passport / PAN card/ Election card / Job card issued by Govt. agencies
  • PROOF OF RESIDENCE
    Aadhar Card/Driving license/ Passport/ Election card/Job card issued by Govt. agencies
  • PROOF OF INCOME
    Form 16A, Latest Salary Slip for 3 months, Salary bank account statement of last 1 year
  • Proforma invoice of the article to be purchased

LOAN PRODUCTS

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Business Loan

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Scheme for Commercial Transporters

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Pragati Scheme

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Lease Rental Discounting

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Housing Loan

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Personal Vehicle Loan

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Surety/Consumer Loan

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Doctor Care

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Loan Against NSC / KV

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Loan Against Shares and Units of Mutual Funds

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Loan Against Bank Deposit

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Loan Against Insurance Policy

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Gold Loan

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Education Loan

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Travel Loan

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Reverse Mortgage Loan - Aashraya

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Loan Against Property

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Super Bike Loan

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MSE 100

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Solar Smart

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180 123 0209

ccbl@citizencreditbank.com

Citizencredit Co-operative Bank Ltd.
CITIZENCREDIT CENTRE
CTS No:236, Marve Road, Orlem,
Malad (W), Mumbai 400064

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