Bank of India Finance Options-Pm Surya Ghar Yojana

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 Bank of India{BOI Star Roof Top Solar Panel Finance}-

FEATURES-

• Margin – For Individual – 5% For Housing Society – 10%
• Maximum repayment tenure up to 120 months
• Quick disposal of the loan (Very less turn around time)
• Easy documentation

Advantages

• NIL processing charges
• Rate of Interest starting from @7.00% p.a.
• Maximum limit — For Individual – Rs.10.00 lakh and For Housing Society – Rs.100.00 lakhs
• Quantum — Upto 3 KW – Rs.2.00 lakhs and Above 3 KW to 10 KW – Rs.10.00 lakhs
• No prepayment penalty

ELIGIBILITY-

• Individuals/Registered group housing societies/residential welfare associations
• Borrower/co-borrower should be owner of the house
• Age: For Individual – Maximum 70 years at the time of final repayment

RATE OF INTEREST & CHARGES-

• Rate of Interest starting from @7.00% p.a.
• ROI is calculated on daily reducing balance

CHARGES

• PPC: NIL

DOCUMENTS-

• Proof of identity (any one): PAN/Passport/Driver Licence/Voter ID
• Proof of Address (any one): Passport/Driver Licence/Aadhar Card/ Latest Electricity Bill/Latest Telephone Bill/Latest Piped gas bill
• Proof of Income (any one): Latest 6 Month Salary/Pay Slip and One year ITR/Form16

Also Read-Solar Rooftop Calculator

This information is collected from the official bank website you should recheck the information on the official bank website. We are not responsible for further consequences.