Loan Account

Solar System Loan
Go Green go Solar..

SSPM Solar Loan Scheme

Going Solar has never been this easy and affordable. Take the right step into the world of SSPM Solar Loan Scheme. Solar energy is the most abundant renewable energy source available. Solar technologies can harness this energy for a variety of uses, including generating electricity, providing light or a comfortable interior environment, and heating water for domestic, commercial, or industrial use.


Purpose: Setup of Solar Plant/ Panels

Tenure

  • 84 months (Principal moratorium for first 6 months)

Eligibility

  • Individuals, Sole Proprietorship firms, Partnership firms including Limited Liability Partnership (LLP), Limited companies Private Limited Companies, Trusts, Associations.

Disbursement

  • Directly to vendor/ supplier

Margin

  • 10% of total cost

Rate of Intrest

  • 8% domestic use,
  • 9% commercial use
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