NAINI RESIDENTIAL ROOFTOP SOLAR SCHEME

Purpose

Installation of Grid connected Roof Top Solar for residential purpose only up to capacity of 10 KW.

Term loans is provided for purchasing and installation of Grid connected Roof top Solar.

Eligibility:

Individuals (singly or jointly) having house in his/her name.

Individuals (Singly or jointly) residing in Flat and having roof rights in his/her name.

Margin :

In Term Loans Financing- minimum 20% of total Project Cost.

Features :

Offering competitive rate of interest ie 8.50% and Concession of 0.25% to the existing home loan customer, Subject to minimum rate of interest i.e. 8.50 %

Maximum loan tenure ie up to 120 months. (including moratorium period of 2 months)

No collateral security : For financing the Solar Unit up to 3 KW.

No personal guarantee : For financing the solar Unit Above 3 KW TO 10 KW

Subsidy is available as per government extant guidelines.

Unified Processing & Documentation Charges: Rs. 500/- + GST

RATE OF INTEREST CHART (RESIDENTIAL ROOFTOP SOLAR SCHEME)

Rate of Interest Linked to the CIBIL

CIBIL Transunion Score

Rate of Interest

Above 800

NRLLR i.e. 8.50 %

750-799

NRLLR + 0.20% i.e. 8.70%

725-749 and -1

NRLLR + 0.50% i.e. 9.00%

650-724*

NRLLR + 1.25% i.e. 9.75%