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| LOAN FOR SOLAR POWER GENERATING UNIT |
| Buying and installation of the Solar Power Generating Unit |
| 1. |
Loan Limit : Up to the Exposure Ceiling of the Bank |
| 2. |
Security : Hypothecation of Solar Power Generating Unit. |
| 3. |
Repayment Tenure : Max 7 Yrs |
| 4. |
Service Charges : are Applicable from time to time. |
| 5. |
Margin :10% of cost of Solar Power Generating Unit along with installation charges. |
| 1. |
Duly filled form with : |
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i. Income Proof of Applicant(s) & Guarantor(s) |
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ii. Residential Proof of Applicant(s) & Guarantor(s) |
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iii. PAN Card of Applicant(s) & Guarantor(s) |
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iv. KYC of Applicant(s) & Guarantor(s) |
| 2. |
No Prime Security |
| 3. |
Two Acceptable Guarantors and Security holders to be also taken as guarantors. |
| 4. |
Other Charges : One Upfront EMI, Franking Charges, etc |
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