Hypothecation of Assets created out of loan i.e. Solar Equipment.
Maximum 20 Years in EMIs OR the repayment period stipulated under Housing Loan, whichever is earlier.
Bank is celebrating Retail Loan Festival and waived the processing charges from 01.09.2022 to 31.03.2023
Nominal processing fee of 0.50% (Min Rs.1500/- and Max. Rs.10,000/-) is charged.
Residential sector maximum upto 3KW per house, along with Central Financial Assistance (CFA) @ 40% of benchmark cost*.
Residential sector above 3kW capacity and upto 10KW capacity, along with CFA 40% upto 3kW +20% for RTS system above 3kW and upto 10kW**.
*Benchmark cost may be different in General Category States / UTs and Special Category States / UTs i.e., North Eastern States including Sikkim, Uttarakhand. Himachal Pradesh, Jammu & Kashmir, Lakshadweep & Andaman & Nicobar Islands. CFA shall be on benchmark cost of MNRE for the state / UT or lowest of the costs discovered in the tenders for that state / UT, whichever is lower.
**The residential sector users may install RTS plant of even higher capacity as provisioned by respective State electricity regulations; however, the CFA will be limited up to 10 kWp capacity of RTS
Customers are requested to call on our mentioned Toll Free Numbers only for any complaints/issues. Bank shall not be responsible for any consequences arising out of customers calling any other unverified numbers.