Eligibility

• Individuals and Societies, Business units, Industrial units

Sanction Limit

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

Households / Housing Societies upto Rs. 5.00 Lakh

Repayment Period

Maximum 3 years for household / Housing Societies

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

PREPAYMENT PENALTY: None

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