• Repayment: up to 5 years.
  
• Eligibility
  
  • Individuals/Proprietary (18 to 55 years)
  • Partnership Firms/LLP/ Pvt Ltd Companies

For Purchase of solar based Machinery / Equipment’s for installation at residential such as ownership flats/independent house/farm house as well as in commercial malls, shopping complex, bungalows etc

• Hypothecation of machinery/equipment/assets purchase out of Bank financed
• All other security documents to be obtained as per Bank’s extant Guidelines for Machinery Loan/Equipment Loan
• Loan amount up to Rs. 5 Lakhs – NIL
• Loan amount above Rs. 5 Lakhs – 50% of immovable/liquid assets as acceptable to the Bank.
• Guarantor: Two guarantor with good income & net worth and having owned residence place acceptable to Bank

• For Residential Flat Owner/Independent House/Farm House: 09.00% P.A. on daily reduction basis
• For Commercial: 09.50% P.A on daily reduction basis