IDBI Bank

Yes Bank Loan

IDBI Bank has launched “Surya Shakti” Scheme for financing individual rooftop solar power plants thereby promoting clean energy to save environment in a big way. With this partnership, Luminous aims to help its customers realize their goal of adopting green energy. IDBI offers collateral-free and hassle-free solar loans up to 3 lac rupees. The loan is currently offered at around 10.5% p.a. interest rate. For example :- By making a small down payment and availing a loan of Rs. 3 Lakhs, you can target a reduction in bill equal to the EMI. Thus you’ll be able to pay for Solar solution without any financial stress.

  • Upto 85% of project cost including accessories subject to maximum of Rs.25.00 lakh
  • 10.5%
  • Up to Rs.1.00 lakh – Nil & above >Rs.1.00 lakh – 0.50% of the loan amount
  • For Loan upto Rs.3.00 lakh – Guarantee of credit worthy person
    For Loan above Rs.3.00 lakh – Non-Agricultural properties, Cash collateral in the form of FDs/ KVP/ Life Insurance Policies (Surrender value) etc.
  • Upto 7 years

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