NIBL Home & Solar Loan

NIBL Home Loan
Interest Rate: 7.9% p.a. (Conditions Apply. Valid for new loans only.Please visit our Home Loan Webpage for details)

 

NIBL Solar Loan (Subsidized Interest Rate)

  • For Household Use: 2% p.a. (if tied up with home loan, if not 2.25%)
  • For Commercial Use: 4% p.a. (if tied up with Project, if not 4.5%)

 

Features of NIBL Solar Loan:

  • Financing up to 80% of Solar System installed by AEPC Certified Vendors
  • Financing up to 5 years for household use & 7 years for commercial use
  • Loan Amount for Household: 1 lakh to 15 lakhs
  • Loan Amount for Commercial: Min 5 lakhs
  • Loan Administration Fee: 0.35% of loan amount, no prepayment charge
  • Financing of Urban Solar Energy System where NEA line is available.
  • Capacity for Household: 100 – 1500 Wp & Commercial: ≥ 1500 Wp

 

Requirements:

  • Completed Application Form
  • Invoice of Solar System/ agreement with the vendor
  • Copy of Lalpurja
  • Copy of Citizenship in case of individual/ Registration document for non individual
  • Copy of PAN card of the client for individual/ VAT in case on non individual
  • Net worth Statement of borrower/ personal guarantor
  • Income justifying documents
  • Multiple banking declaration

 

Conditions Apply. For details, please call Lagankhel Branch, 01-5552980, Ext: 113 or visit our nearest branch.

 

 

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