Punjab & Sind Bank (PSB) Finance Options

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Pm Surya Ghar Loan: Many of the people are planning to install Solar Panel under the scheme Pm Surya Ghar Muft Bijli Yojana, but their main concern is the budget and to overcome this government will provide a subsidy amount to the beneficiary and on other hand Bank Financing Option is also there to reduce the financial load of the person who is not able to arrange the money at the time of installation.

Here is the complete information of finance(loan) offered by Punjab & Sind Bank{PSB SCHEME FOR FINANCING ROOF TOP SOLAR (RTS) PROJECTS}-

Pm Surya Ghar Loan upto 3KW-

PARAMETERSUpto 3KW
PurposeFor installation/setting up of Grid connected Roof Top Solar system up to 3 KW plant to individual having owned house (residential purpose only).
Target Group & EligibilityIndividuals having owned house with exclusive roof top right.
New home loan customer as well as existing home loan customer shall be eligible
Extent of LoanMax. quantum of loan: Rs. 2 Lakh
Nature of LoanTerm Loan
Borrower ContributionMinimum 10% of the total estimated project cost
SubsidySubsidy in the form of Central Financial Assistance (CFA) is available and to be claimed by the borrower.
Subsidy Support
(Amt. in Rs.)
 
Rs. 30,000
 
Rs. 60,000
 
Rs. 78,000
 
SecurityPrimary Security: Hypothecation of Solar equipments/ Assets created out of Bank finance.
Collateral Security:  Collateral security not to be insisted upon.
Rate of InterestConcessional rate of interest shall be applicable at 7.00% linked to EBLR
Tenure of LoanMaximum 10 year with a maximum moratorium period of up to 6 month
Charges & FeesNIL
Link for loan applicationTo apply, first register at https://pmsuryaghar.gov.in/
After successful registration, please apply at https://www.jansamarth.in/home

Pm Surya Ghar Loan Between (4KWto10KW)-

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PARAMETERS4 KW and upto 10KW
PurposeFor installation/setting up of Grid connected Roof Top Solar system from 4 KW and up to
10 KW plant to individual having owned house (residential purpose only).
Target Group & EligibilityIndividuals having owned house with exclusive roof top right.
New home loan customer as well as existing home loan customer shall be eligible
Extent of LoanMax. quantum of loan: Rs. 6 Lakh
Nature of LoanTerm Loan
Borrower ContributionMinimum 20% of the total estimated project cost
SubsidySubsidy in the form of Central Financial Assistance (CFA) is available and to be claimed by the borrower.
Capacity of the Rooftop Solar Plant Subsidy Support(Amt. in Rs.)

4KW & upto 10KW Rs. 78,000
SecurityPrimary Security: Hypothecation of Solar equipments/ Assets created out of Bank finance.
Collateral Security:  Collateral security not to be insisted upon.
Rate of InterestNew Borrower: 0.10% over and above the rate applicable for PSB Apna Ghar
Existing Borrower who has availed Home Loan: Rate applicable for that respective Home loan.
Tenure of LoanMaximum 10 year with a maximum moratorium period of up to 6 month
Charges & Fees
NIL
Link for loan applicationo apply, first register at https://pmsuryaghar.gov.in/
After successful registration, please apply at https://www.jansamarth.in/home

Also Read- Solar Rooftop Calculator

Important Links👇
Solar Rooftop CalculatorClick Here
Subsidy StructureClick Here
Vendor List / DetailsClick Here
State Wise Vendor ListClick Here
RegistrationClick Here
LoginClick Here
DISCOM Portal LinkClick Here
DISCOM Contact DetailsClick Here
Bank Financing OptionsClick Here
PM Vishwakarma YojanaClick Here

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