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BANK LOAN FOR ON-GRID SOLAR SYSTEM IN KERALA

Financing Through Public & Private sector Banks and NBFCs

In Kerala, Public & Private sector Banks are offering Loans to On-Grid Solar Power systems with KSEB Approvals.

This comes under the Home Improvement loan under the RBI’s amendment of “Priority Sector Lending for Domestic Homes”

The first line of financing is banks, which offer loans under top-up plans such as home loans and renovation loans.

Consider the cost of a 5-kW Rooftop On-Grid Solar Power System is ₹250,000, excluding GST.

80% of the Amount is offered as a Loan from respective Banks – ₹200,000/-

Remaining 20% of the Amount of ₹50,000/- to be borne by the Customer

Interest Rate Ranges from 8% to 15%, depending on the borrower’s source of income and risk profile. In Kerala, the maximum tenure for the loan again varies from bank to bank ranging from 1-5 years.

For On-Grid Solar Power Plant in Kerala with Bank Loan Options, please contact us at comorinsolar@gmail.com or call us at +91-9633159523 

500+ Installations, 7+Years’ Experience, Tier 1 products

We have offices in Thiruvananthapuram and Kollam, Kerala and services in Kottayam, Alappuzha and Pathanamthitta

To learn more visit our blogs @ www.comorinsolar.com

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