The Essentials
- Loans to fund purchasing of solar power systems for your household usage
- Extremely competitive low interest rates
Switching to solar power can help you reduce your electricity bill and conserve the environment. If you wish to fulfil your household energy requirements through solar power, our Green Energy Loans and Leases can help you fund the purchase of solar power systems.
Extended repayment period up to 7 years
No additional security requirement for leasing facilities
Loan amount
Up to 75% ofthe solar investment
- Green Energy Loans - Minimum of Rs. 500,000 and Maximum of Rs. 3Mn*
- Green Energy Leases - Amounts exceeding Rs. 3 Mn*
Eligibility
If employed
- Should be a permanent employee with a minimum monthly salary of Rs.50,000/-.
- Minimum service of 01 year in the current employment.
- Age between 18 to 60 years.
If self employed
- Should be a registered member of the respective governing body of the profession. (Eg. CIMA, ACCA etc...)
- Minimum regular disposable monthly income should be Rs.50,000/-.
- Age between 18 to 65 years
How to apply
You can visit a branch of your choice and discuss your requirement with an officer. He/She will guide you through the loan application process. You can also download the application form by clicking the 'Download' button below.
Please fill the Loan application form and hand over to the branch with the required documentation. Remember to take your national identity card, driving license or passport if you are not an existing customer of the Bank. This is necessary for us to identify you.
Documents required
- Completed Loan Application Form
- Performa Invoice /Quotation
- Recent salary slips or documents evidencing income of the Borrower /s
- Letter of undertaking from the employer to remit the applicant's salary to the Commercial Bank Account - (Applicable only if the applicant is employed)
- Evidence for Permanent Residence (Utility bills, Bank Statements etc.)
Repayment period
Maximum repayment period for loan or lease is 7 years.
Green Energy Loans Depending on the borrower's needs, repayment could be made either in equated monthly installments or on the Reducing installment method (fixed capital repayment + interest).
Green Energy Leases Equated monthly rentals or structured rentals according to the borrower's cash flow.
Terms & Conditions apply
Product information and terms & conditions are subject to change from time to time. Therefore, it is advisable to contact the branch nearest to you for the latest information and prevailing terms & conditions.
Information Source www.combank.net 2018.01.25
