Solar Rooftop Loan
The Panchmahal District Co-Operative Bank (PDC Bank) offers specific loans for installing solar plants, with different limits for domestic (up to ₹10 Lakh, 7-year term) and commercial (up to ₹15 Crore, 7-year term) projects, featuring attractive fixed/floating rates.
Key Features:
- Interest Rates: Competitive rates, sometimes starting very low (5.75% p.a. under PM Surya Ghar).
- Tenure: Flexible repayment, often up to 10 years (120 months).
- Margin: Loans may require a small margin (e.g., 5-20%).
- Benefits: Save on electricity bills, quick loan processing, minimal charges
- Loan Amounts: Typically cover up to 90-100% of project cost, often up to ₹2 Lakhs for 3kW systems, and ₹6 Lakhs or more for larger residential setups (up to 10kW).
Required Documents:
- Proof of Identity (PAN, Aadhaar, Voter ID).
- Proof of Address (Aadhaar, Electricity Bill).
- Proof of Income (Salary slips, ITR).
- Property Ownership Proof.
Solar Rooftop Loan Interest Rates
