Telangana State Cooperative Apex Bank Ltd.
( State Govt. Partnered Scheduled Bank )
( State Govt. Partnered Scheduled Bank )
Reduce electricity bills while going green.
Guidance on availing solar subsidies and incentives.
Financing available for residential, commercial solar systems.
| PARTICULARS | GUIDELINES |
|---|---|
| Eligible Individuals | Any individual having independent source of income (both salaried and non-salaried) and having existing independent house |
| Age | 21 – 65 years |
| Rate of Interest | 11% (Concessional rate of interest for woman applicants) |
| Loan Limit | 80% of project cost after netting up the subsidy or Rs. 10.00 lakh whichever is lower subject to repayment capacity of borrower |
| Margin | 20% of the project cost (after netting the subsidy) |
| Moratorium | Maximum period of 6 months or the time taken by the DISCOM for installation of the Roof Top Solar Plant whichever is easier |
| Repayment period | Upto 60 months |
| Documents required | 3 months’ Pay slips/ form 16 for the past 2 years (in case of salaried)/ 2 years IT returns (in case of self-employed), 6 months Bank statement, Proof of residence and official address, KYC documents etc. |
| S. No. | Particulars | Revised Rates of Interest Based on CIBIL score ranges |
|---|---|---|
| 1 | Apex Rooftop Solar Units | 11.10% |
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