PM-Surya Ghar Yojana-Composite

• Up to 90% financing
• ROI starting from 7.00% *
• Subsidy up to Rs.78,000 is available as per the Ministry of Renewal and New Energy, Govt. of India guidelines
• No Foreclosure Charges
• Floating & Fixed Rate of Interest option available
• No income document required for unit capacity up to 3 KW

• Resident Individuals (singly or jointly) Salaried or having Income from Business / Profession/Agriculture are eligible for "PM-Surya Ghar Yojana-Composite”.
• PM-Surya Ghar Yojana-Composite is available for the Borrower intends to avail Home Loan from BOB.
• Minimum age:21 years
• Maximum age: Up to Retirement age(for Salaried Individuals) and 65 Years (for Non-Salaried Individuals)
• Attractive Rate of interest:

Unit Capacity up to 3 KW	Unit Capacity more than 3 KW & up to 10 KW
Under Floating: BRLLR-2.15% i.e. 7.00 % p.a. at present Fixed option : 1 Year MCLR-1.80 % i.e. 7.00% p.a. at present (Fixed rate option is subject to resetting of ROI once in  three years as decided by the Bank)	As per Baroda Home Loan Scheme (Presently starting form 9.15% p.a. linked to CIBIL score.)

• Maximum Tenure: 120 Months.
• Loan is not allowed to CIBIL Score below 680

 Eligibility Criteria:

• Resident Individuals (singly or jointly) Salaried or having Income from Business / Profession/Agriculture
• The Resident Individuals should have Residential property in his/her name or Terrace right in his/her name if residing in flat.

Purpose:

• Installation of Grid connected RTS (Roof Top Solar) for residential purpose only up to capacity 10 KW

Limit:

• Minimum Limit : Rs.50,000/-
• Maximum Limit : Rs.6,00,000/-

Age:

• Minimum: -21- Years
• Maximum :
  1. For Salaried Person: Up to retirement age of the Borrower (including repayment period)
  2. For Non-Salaried -65- Years (Including repayment period)

Margin:

• Min.10% of  Project Cost

• KYC documents of applicants/co-applicant
• Salary slip for last 3 months and form no 16 /ITR (in case of salaried Individuals)
• ITR for last two years (in case of Non-salaried individuals)
• Latest income certificate from the local competent revenue authority (for Agriculatrist)
• Bank account statement for last 6 months
• Latest Electricity Bill
• No income document required for unit capacity up to 3 KW
• Any other documents required by the Bank.

NIL *

• Applicant / co-applicant/s (whose income are considered for eligibility) should be employed / engaged in business / profession for a minimum period of -1- year for salaried and/or -2- years (for non-salaried). This condition is not applicable for solar unit with capacity up to 3 KW.
• In case of Agriculturists who are predominantly dependent on agriculture and not required to file income tax returns, the latest income certificate from the local competent revenue authority is required. This condition is not applicable for solar unit with capacity up to 3 KW.
• The scheme would remain limited to household rooftop projects only. Any industrial, commercial and other consumers or government and semi government organizations will not be eligible for the loan scheme
• Quotation for Solar system is to be purchased should be issued by DISCOM empanelled vendors only.