Co-operative Bank

The Cooperative Bank, Kapurthala

Solar

Solar
 

Beneficiery Any men/ women Beneficieries member of the PACS.
Age Not more than 55 yrs on the date of advancement
Purpose For installing Solar Panels
Loan Limit

85% of project cost.

Max 15 Lakh for institutions,

Max 5 Lakh for individuals,

Max 3 Lakh if financing

through MPCASS

Rate of interest 12% half yearly
Margin 15%
Repayment 5 yrs
Processing Fee

0.50%

Min Rs500/-

Max 5000/-

Penal Rate 2%
Gurantor One
Collateral Security

150% collateral if Loan>1 Lakh.

NO collateral if salaried individual and member of MPCASS.

Collateral waived upto loan of 5 lakh if applicant/co-applicant is employee of central/state/PSU/cooperative sector and take loan directly from bank.

area of operation Loan shall be advanced in the area operation in the kapurthala district.

 

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