Punjab & Sind Bank Financing Option for PM SURYA GHAR: MUFT BIJLI YOJANA.
| PARAMETERS | DESCRIPTION | |
|---|---|---|
| Upto 3KW | 4 KW and upto 10KW | |
| Purpose | For installation/setting up of Grid connected Roof Top Solar system up to 3 KW plant to individual having owned house (residential purpose only). | For installation/setting up of Grid connected Roof Top Solar system from 4 KW and up to 10 KW plant to individual having owned house (residential purpose only). |
| Target Group & Eligibility | Individuals having owned house with exclusive roof top right.New home loan customer as well as existing home loan customer shall be eligible | |
| Extent of Loan | Max. quantum of loan: Rs. 2 Lakh | Max. quantum of loan: Rs. 6 Lakh |
| Nature of Loan | Term Loan | |
| Borrower Contribution | Minimum 10% of the total estimated project cost | Minimum 20% of the total estimated project cost |
| Subsidy | Subsidy in the form of Central Financial Assistance (CFA) is available and to be claimed by the borrower.Capacity of the Rooftop Solar PlantSubsidy Support(Amt. in Rs.) Rs. 30,000 Rs. 60,000 Rs. 78,000 | Subsidy in the form of Central Financial Assistance (CFA) is available and to be claimed by the borrower.Capacity of the Rooftop Solar PlantSubsidy Support(Amt. in Rs.)4KW & upto 10KWRs. 78,000 |
| Security | Primary Security: Hypothecation of Solar equipments/ Assets created out of Bank finance.Collateral Security: Collateral security not to be insisted upon. | |
| Rate of Interest | Concessional rate of interest shall be applicable at 7.00% linked to EBLR | New Borrower: 0.10% over and above the rate applicable for PSB Apna GharExisting Borrower who has availed Home Loan: Rate applicable for that respective Home loan. |
| Tenure of Loan | Maximum 10 year with a maximum moratorium period of up to 6 month | |
| Charges & Fees | NIL | |
Details of Nodal Officer from the Bank
| Name | Designation | Mobile | |
|---|---|---|---|
| Pankaj Dwivedi | General Manager, Priority Sector Department | gmps[at]psb[dot]co[dot]in, pankaj[dot]dwivedi[at]psb[dot]co[dot]in, ho[dot]ps[at]psb[dot]co[dot]in | 9007338484 |
Also Check :- Loan Offers from various other banks
Apply Online :- https://pmsuryaghar.gov.in/
Know more: PM Surya Ghar Login/Apply Process
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