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Solar Power Project

Bank Name Min Interest Rate Processing Fee Max Loan (Lacs) Max Tenure (Month) Chances of Loan Approval
8.00% 1% 1000 120
8.50% 1% 1500 120
9.00% 1% 1000 120
8.10% 1% 1500 120
8.75% 1% 1000 120
9.50% 1% 1500 120
10.00% 1% 1500 120
8.75% 1% 1000 120
8.50% 1% 1000 120
8.00% 1% 1000 120
8.00% 1% 1500 120
9.75% 1% 1000 120
7.50% 1% 1500 120
9.75% 1% 1500 120
8.00% 1% 1000 120
8.75% 1% 1500 120
8.50% 1% 1000 120
9.00% 1% 1500 120
8.75% 1% 1000 120
8.50% 1% 1000 120
8.90% 1% 1500 120
9.10% 1% 1000 120
8.60% 1% 1500 120
8.90% 1% 1000 120
9.20% 1% 1500 120
8.60% 1% 1500 120
8.00% 1% 1500 120
Apply Now EMI Calculator Eligibility Criteria Documents Check List FAQs
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Eligibility Criteria

What you mean by Solar power project loan Eligibility Criteria?

This facility is offered to applicant who are looking finance for their solar power project cost, you can utilize this fund for the purpose of power plant, energy storage, hybrid solution & optimization technology.

Solar power project loan Eligibility Criteria

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

  • • Individual & group of individuals can avail this facility
  • • Positive cash flow out of operations in the organization
  • • Company debt ought to be below 40% of its total assets.
  • • DSCR (Debt Service Coverage Ratio) of the organization ought to be more than 1.5
  • • For existing project, profitable of last 3 FY proof to be attached
  • • Background of promoter should be good

Note: - You can get minimum 1 Cr to maximum 100 as a loan amount, generally, 75% of project cost are funded.

What are the factors generally affecting Solar power project loan Eligibility Criteria?

There are Top factors that generally affects loan Eligibility 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.

Higher credit score means higher loan amount: - Doing payments on time are the one-easy way to increase credit score as well as 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

Documents Required

INDIVIDUAL

  1. PAN CARD COPY

  2. AADHAR CARD + PASSPORT

  3. ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF

  4. LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE

  5. LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT

  6. LOAN SCHEDULE & SANCTION LETTER (IF RUNNING)

  7. COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS

  8. PROCESSING FEE CHEQUE IN FAVOUR OF BANK

  9. PROJECTED FINANCIAL

  10. PROJECT FEASIBILITY REPORT

  11. COMPANY PROFILE & MANAGEMENT PROFILE

  12. ISO CERTIFICATE & MSME CERTIFICATE

  13. POLLUTION CERTIFICATE

  14. CMA DATA

  15. MACHINE QUOTATION

  16. BUILDING CONSTRUCTION ESTIMATE

  17. LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER

PROP FIRM

  1. PAN CARD CLEAR COPY PROPRIETOR

  2. ADDRESS PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR

  3. OFFICE ADDRESS PROOF LATEST (ELECTRICITY BILL, TELEPHONE BILL)

  4. FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY

  5. LAST 1 YEAR GST RETURN COPY

  6. FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE

  7. PROVISIONAL FINANCIAL AY 2019-20

  8. BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED)

  9. 6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)

  10. IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED

  11. AGREEMENT TO SELL COPY

  12. PROPERTY PAPERS WITH CHAIN SANCTION MAP

  13. PROJECTED FINANCIAL

  14. COMPANY PROFILE & MANAGEMENT PROFILE

  15. ISO CERTIFICATE & MSME CERTIFICATE

  16. CMA DATA

  17. MACHINE QUOTATION

PARTNERSHIP FIRM

  1. PARTNERS

  2. PAN CARD - COMPANY, ALL PARTNERS

  3. ADDRESS PROOF - ALL PARTNERS (PASS PORT, VOTER I PAN CARD, ADHAAR)

  4. FIRM ADDRESS PROOF- LATEST ANY UTILITY BILL

  5. PARTNERSHIP DEED COPY

  6. GST RETURN LAST 1 YEARS

  7. 3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED

  8. PROVISIONAL FINANCIAL AY 2019-20

  9. 3 YEAR.ALL PARTNER INDIVIDUALS ITR + COMPUTATION

  10. FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED

  11. ALL PARTNER SAVING A/C STATEMENT 6 MONTH

  12. IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED

  13. AGREEMENT TO SELL COPY

  14. PROPERTY PAPERS COMPLETE CHAIN WITH MAP

  15. PROJECTED FINANCIAL

  16. PROJECT FEASIBILITY REPORT

  17. COMPANY PROFILE & MANAGEMENT PROFILE

  18. ISO CERTIFICATE & MSME CERTIFICATE

  19. POLLUTION CETIFICATE

  20. CMA DATA

  21. MACHINE QUOTATION

  22. BUILDING ONSTRUCTION ESTIMATE

PVT.LTD

  1. 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 ORDER IN HAND AND COMPLETE COPY (IF APPLICABLE)

  6. GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE

  7. 1 YEAR GST RETURNS

  8. ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS

  9. LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE

  10. PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR

  11. COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED

  12. ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH

  13. IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED

  14. AGREEMENT TO SELL COPY

  15. PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP

  16. PROJECTED FEASIBILITY REPORT

  17. COMPANY PROFILE & MSME CERTIFICATE

  18. POLLUTION CERTIFICATE

  19. CMA DATA

  20. MACHINE QUOTATION

  21. BUILDING CONSTRUCATION ESTIMATE

FAQs

Frequently asked questions (FAQ) pages are Q&A-style pages that most brands build to answer queries that slip through the cracks. FAQs are targeted to give a complete sense of query satisfaction to the client.

How to get a Solar Power Project Loan?

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For getting Solar Power Loans you should go to our website and apply online or visiting in branches then you have to fill the personal details. For getting more information please contact us.

What is Solar Power Project Loan?

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Solar Power Project Loan are specially designed to establish project development and renewable energy goals.

How much Solar Power Project Loan can I get?

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You can get a maximum funding loan 90% of the project cost.

How much cibil score required for Solar Power Project Loan?

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For getting a Solar Power Loan you should required maximum 750 cibil score.

What are the document required for Solar Power Project Loan?

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Some document you required for getting a loan like identity proof, address proof, passport size photo, company/firm document.

Who are eligible for Solar Power Project Loan?

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For getting a Solar Power Project Loan age should be above 22 years. Company cibil should be more than 750 and promoter has good knowledge and reputation.

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Vikas Jain

CA Vikas Jain Our Mentor

Vikas Jain - Chief Advisor

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

Read More

Vikas Jain - Chief Advisor

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

Read More
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