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Roof Top Solar Project @ 9.00% Onwards

• Low-cost monthly EMI
• Flexible tenure facility
• Simplified document processing
Enquiry Form
Roof Top Solar Project
Bank Name Interest Rate Range (%) Processing Fee (%) Maximum Loan (Lacs) Maximum Tenure (Month)
State Bank of India
7.50% -9.00%
1%
480
Punjab National Bank
9.00% - 10.00%
1%
480
Tata Capital Financial Services Limited
12.00% - 14.00%
1%
360
Bank Name Min Interest Rate
State Bank of India

7.50% -9.00%

Punjab National Bank

9.00% - 10.00%

Tata Capital Financial Services Limited

12.00% - 14.00%

₹ 10L
₹ 50L
₹ 1C
₹ 1.5C
₹ 2C
₹ 2.5C
₹ 3C
%
1%
5%
10%
15%
20%
25%
30%
1
10
20
30
40
50

Loan EMI

Total Interest

Total Payment

Eligibility Criteria

What you mean by Solar rooftop Eligibility Criteria?

Reduces energy bill by switching to solar rooftop & save more power. Get easy financing for solar rooftop with exclusive benefits associated with it. This facility considered to be the best way to enhance your savings.

Solar rooftop Eligibility Criteria

There are few eligibility criteria you are required to have a look before applying for loan -

  • • Partnership firm,LLP, Pvt Ltd, Sole proprietorship,NBFC & SPV companies with following criteria
  • • Minimum one year experience in power sector
  • • Mandatory ECR with rating 10
  • • Background of promoter should be good

Note: - You can get 75% of project cost as a maximum loan amount.

What are the factors generally affecting Solar rooftop Eligibility Criteria?

There are Top factors that generally affects solar roEligibility Criteria as given below-

Negative cash flow: - If you fail to manage good cash flow in business, you could also be unable to take loan as your chances get lower.

Too many loans: - Just because of having several loans, your debt-to-income ratio gets lower day by day which unable to get any other loan as your repayment capacity is lower.

What are the ways to increase Solar power loan eligibility?

To increase Solar power loan eligibility, you need to consider points as given below, this will aid you in increasing your eligibility level.

Strong business plan: - If you have a strong business plan to implement & execute with high revenue generation then most possibly your chances increase. Therefore, make sure you have that kind of plan to boost eligibility.

Positive cash flow: - Having a good cash flow will help to reduce liabilities on company & when you have good sales output & good revenue generation then undoubtedly lenders want to fund you as the repayment capacity seems higher.

Documents Required

  • Individual
  • Prop Firm
  • Partnership Firm-LLP
  • PVT. LTD.
  1. Photographs 2
  2. PAN Card Copy
  3. AADHAR CARD + PASSPORT
  4. ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF
  5. LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
  6. LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT
  7. LOAN SCHEDULE & SANCTION LETTER (IF RUNNING
  8. COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
  9. PROCESSING FEE CHEQUE IN FAVOUR OF BANK
  10. LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
  11. PAN Card Copy
  12. AADHAR CARD + PASSPORT
  13. ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF
  14. LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
  15. LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT
  16. LOAN SCHEDULE & SANCTION LETTER (IF RUNNING
  17. COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
  18. PROCESSING FEE CHEQUE IN FAVOUR OF BANK
  19. PROJECTED FINANCIAL
  20. PROJECT FEASIBILITY REPORT
  21. COMPANY PROFILE & MANAGEMENT PROFILE
  22. ISO CERTIFICATE & MSME CERTIFICATE
  23. POLLUTION CERTIFICATE
  24. CMA DATA
  25. MACHINE QUOTATION
  26. BUILDING CONSTRUCTION ESTIMATE
  27. LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
  1. PHOTOGRAPH BOTH
  2. PAN CARD CLEAR COPY PROPRIETOR.
  3. ADD PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR.
  4. OFFICE ADDRESS PROOF LATEST. (ELECTRICITY BILL, TELEPHONE BILL)
  5. FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
  6. LAST 1 YEAR GST RETURN COPY
  7. FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
  8. PROVISIONAL FINANCIAL AY 2019-20
  9. BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED.
  10. 6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
  11. IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED
  12. AGREEMENT TO SELL COPY
  13. PROPERTY PAPERS WITH CHAIN SANCTION MAP
  1. PHOTOGRAPH PARTNERS
  2. PAN CARD - COMPANY, ALL PARTNERS
  3. ADD PROOF - ALL PARTNERS (PASS PORT, VOTER I CARD ,PAN ,ADHAAR)
  4. FIRM ADD PROOF- LATEST ANY UTILITY BILL.
  5. PARTNERSHIP DEED COPY
  6. GST CERTIFICATE
  7. GST Return last 1 years
  8. 3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED.
  9. PROVISIONAL FINANCIAL AY 2019-20
  10. 3 YEAR.ALL PARTNER INDIVIDUALS ITR + COMPUTATION
  11. FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED
  12. ALL PARTNER SAVING A/C STATEMENT 6 MONTH.
  13. IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED.
  14. Agreement To Sell copy
  15. PROPERTY PAPERS COMPLETE CHAIN WITH MAP
  1. ALL DIRECTORS PHOTOGRAPH
  2. CLEAR PAN CARD - COMPANY AND ALL DIRECTORS.
  3. ADDRESS PROOF – COMPANY AND DIRECTORS.
  4. LIST OF DIRECTOR & SHARE HOLDER WITH CA CERTIFIED AS ON DATE
  5. MEMORANDOM
  6. ORDER IN HAND AND COMPLETE COPY (if applicable)
  7. GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE.
  8. 1 YEAR GST RETURNS
  9. ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS.
  10. LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE.
  11. PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
  12. COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED.
  13. ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH.
  14. IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED.
  15. AGREEMENT TO SELL COPY
  16. PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
Frequently Asked Questions

Which are the document required for solar rooftop loan?

  • Identity proof 
  • Address proof 
  • Income proof 
  • Project quotation 
  • Other specific docs required by bank

How much subsidy is available in solar roof top loan?

Subsidy for solar roof top loan is depend on kw of solar system as given below:- 

  • 1kW Solar System – 3kW Solar System = 40% Subsidy is available  
  •  4kW Solar System – 10kW Solar System = 20% Subsidy  
  • More than 10kW Solar System = No Subsidy available

What are the processing charges of solar roof top loans?

The processing fee above 0.50% (Min Rs.1500/- and Max. Rs.10,000/-) is charge.

How much loan you can take for solar roof top loan?

You can take a loan Up to 75% of project cost.

What is the loan repayment period of solar roof top loan?

You can do repayment of your solar roof top loan maximum upto five years.

What are the features and benefits of solar roof top loan?

It helps to Digital display for easy readability and Active fault monitoring communication interface available .Benefits are reducing the electricity bills, utilize idle rooftop space.

How we can take solar roof top loan?

For taking a solar roof top loan first you need to see the eligibility and then approach the bank from which bank do you want to take the loan then summit the documents and all information.

What is solar roof top loan?

This credit facility is used for acquiring & installing solar roof top setup at low cost. Opting for solar rooftop loan is the best way to get finance.

Related Topics

  • SOLAR ROOFTOP BY BANKS

  • SOLAR ROOFTOP BLOGS

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Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...

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