How to get a Solar Power Project Loan?
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.
| Bank Name | Min Interest Rate | Processing Fee | Max Loan (Lacs) | Max Tenure (Month) | |
|---|---|---|---|---|---|
|
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
|
|
.png)
|
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
|
|
.png)
|
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
|
|
| Bank Name | Min Interest Rate | |
|---|---|---|
|
|
8.00% |
|
|
|
8.50% |
|
|
|
9.00% |
|
|
|
8.10% |
|
|
|
8.75% |
|
|
|
9.50% |
|
|
|
10.00% |
|
|
|
8.75% |
|
|
|
8.50% |
|
|
|
8.00% |
|
|
|
8.00% |
|
|
|
9.75% |
|
|
|
7.50% |
|
|
|
9.75% |
|
|
|
8.00% |
|
|
|
8.75% |
|
|
|
8.50% |
|
|
|
9.00% |
|
|
|
8.75% |
|
|
|
8.50% |
|
|
|
8.90% |
|
|
|
9.10% |
|
|
|
8.60% |
|
|
|
8.90% |
|
|
|
9.20% |
|
|
|
8.60% |
|
|
|
8.00% |
|
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.
There are few eligibility criteria you are required to have a look before applying for loan -
Note: - You can get minimum 1 Cr to maximum 100 as a loan amount, generally, 75% of project cost are funded.
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.
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
How to get a Solar Power Project Loan?
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?
Solar Power Project Loan are specially designed to establish project development and renewable energy goals.
How much Solar Power Project Loan can I get?
You can get a maximum funding loan 90% of the project cost.
How much cibil score required for Solar Power Project Loan?
For getting a Solar Power Loan you should required maximum 750 cibil score.
What are the document required for Solar Power Project Loan?
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?
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.
Want to get financial service? Advise by CA Vikas Jain
CA Vikas Jain - Chief Advisor
Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...
Read MoreCA Vikas Jain - Chief Advisor
Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...
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