PM-Surya Ghar Yojana -Standalone

• 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 is required for Loan limit up to Rs.2.00 Lacs.

• Resident Individuals (singly or jointly) Salaried or having Income from Business / Profession/Agriculture are eligible for "PM SURYAGHAR YOJANA- Standalone”.
• Minimum age:21 years
• Maximum age: Up to Retirement age(for Salaried Individuals) and 65 Years (for Non-Salaried Individuals)
• Attractive Rate of interest:

Loan Limit up to Rs.2.00 Lacs	Loan Limit up to Rs.2.00 Lacs & up to Rs.6.00 Lacs
7% PA at present (Fixed rate option is subject to resetting of ROI once in  three years as decided by the Bank)	Under floating & fixed rate option: For existing Home Loan Customer: As applicable in home loan scheme (card rate.) For Non- Home Loan Customer: Home Loan ROI (Card rate) +100 bps No loan should allowed to CIBIL Score below 680 (Fixed rate option is subject to resetting of ROI once in three years as decided by the Bank)

• Maximum Tenure: 120 Months.

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:

Maximum Limit: Rs.6.00 Lacs

Age:

Minimum: -21- Years

Maximum :

• For Salaried Person: Up to retirement age of the Borrower (including repayment period)
• For Non-Salaried -65- Years (Including repayment period)

Margin:

Min.10% of Project Cost

• KYC documents of applicant/co-applicants
• Latest Electricity Bill
• Digital approval Letter issued through JanSamarth portal

Income Related Document:

For Loan Limit up to Rs.2.00 Lacs, no income document is required

For Loan limit more than Rs.2.00 Lacs & up to Rs.6.00 Lacs following documents are required:

• Salary slip for last 3 months and form number 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 agriculturist)
• Bank Account statement in which salary/business proceeds credited (six months)
• Any other document deemed required on case to case basis

Loan limit up Rs.2.00 Lacs :

NIL

Loan limit more than 2.00 Lacs & up to Rs.6.00 Lacs:

0.50% of Loan amount +GST

(Subject to Min.Rs.500+GST & Max. Rs.5000+GST)

• 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.