Loan to individuals for installation of Roof Top Solar Photovoltaic (PV) System along with our Housing Loan.
Can be granted independently against the mortgage of residential / house property which is having free rooftop to install the Solar Equipment Even without Housing Loan.
In all the above case Mortgage of House property is mandatory.
Individual Housing Loan borrowers as per Housing Finance Scheme who are having free rooftop to install the Solar Equipments.
HOUSING LOAN COMPONENT-
SOLAR LOAN COMPONENT
20% of eligible quantum under Housing Loan Component
80% of the Cost of the Solar system
Rs. 10.00 Lacs
Whichever is less.
Amount of Housing Loan
In case of New House/ Flat & Old House/ Flat (Up to 10 Years Old)
In case of Old House/ Flat (> 10 Years old)
Up to Rs. 30.00 Lakhs
Above Rs. 30.00 lakhs & Up to Rs. 75.00 Lakhs
Above Rs. 75.00 Lakhs
*In case of Housing Loan for Repairs & Renovation uniform Margin of 25% on project cost irrespective of the Housing Loan amount.
*Solar Loan Component: 20% of the Project Cost
Click here for Rate of Interest
Eligible as per Scheme
(To be released by MNRE subject to availability of Funds)
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