Solar Power Project loan!

With our Hassle-free and Simple Financing Schemes for Residential Customers, SMEs, and C&Is, you may take the first step into the world of Solar Power Solutions. Solar power provides assured savings on your electricity costs, as well as additional money to power your business.

Low Initial Payment

Enticing EMI

Instant Acceptance

No guarantor

Used Vehicle Loans

Refinance Existing Loans

Eligibility Criteria

Before applying for a loan, you should consider the following eligibility criteria:

  • This service is available to individuals and groups of individuals.
  • Positive cash flow from operations in the business.
  • Company debt should be less than 40% of total assets.
  • The organization's DSCR (Debt Service Coverage Ratio) should be greater than 1.5.
  • For established projects, proof of profitability for the previous three fiscal years must be provided.
  • The promoter's background must be solid.

The variables influencing Eligibility Criteria

The following are the top elements that commonly influence loan eligibility criteria:

  • Negative Cash Flow - If you fail to manage excellent cash flow in your organization, you may be unable to obtain a loan as your chances decrease.
  • There are too many loans - Because you have numerous loans, your debt-to-income ratio decreases day by day, making it impossible to obtain another loan because your payback ability is reduced.

Documents Required

  • Pan Card Copy
  • Aadhar Card + Passport
  • Address Proof – If Rented, Also Required: Permanent Address Proof
  • Last 3 Years Form-16, ITR with Computation of Income (If Filed)
  • Last 1 Year Bank Statement – Salary Account
  • Loan Schedule & Sanction Letter (If Running)
  • Complete Property Papers with Chain & Map + ATS
  • Processing Fee Cheque in Favor of Bank
  • Projected Financial
  • Project Feasibility Report
  • Company Profile & Management Profile
  • ISO Certificate & MSME Certificate
  • Pollution Certificate
  • CMA Data
  • Machine Quotation
  • Building Construction Estimate
  • Last 3 Months' Salary Slip + Appointment Letter
  • Pan Card Clear Copy – Proprietor
  • Address Proof (Passport, Voter ID Card) – Proprietor
  • Latest Office Address Proof (Electricity Bill, Telephone Bill)
  • Firm Registration Certificates & GST Registration Copy
  • Last 1 Year GST Return Copy
  • Firm 3 Years ITR Computation, Profit & Loss A/c, Balance Sheet, Tax Audit Report, All Schedules & Annexures
  • Provisional Financial – AY 2019-20
  • Bank Accounts (Current Account, CC Account, OD Account – Last 1 Year Updated)
  • Updated 6-Month Saving Account Statement – Proprietor
  • If Running Any Loan, Please Provide Sanction Letter and Repayment Schedule
  • Agreement to Sell Copy
  • Property Papers with Chain & Sanction Map
  • Projected Financial
  • Company Profile & Management Profile
  • ISO Certificate & MSME Certificate
  • CMA Data
  • Machine Quotation
  • Partners
  • PAN Card – Company, All Partners
  • Address Proof – All Partners (Passport, Voter ID, PAN Card, Aadhaar)
  • Firm Address Proof – Latest Utility Bill
  • Partnership Deed Copy
  • GST Return – Last 1 Year
  • 3 Years Company ITR, COI, Profit & Loss A/c, Balance Sheet + Audit Report (3CB, 3CD), All Annexures, CA Certified
  • Provisional Financial – AY 2019–20
  • 3 Years All Partners' Individual ITR + Computation
  • Firm All Bank Account Statements – Last 1 Year Updated
  • All Partners' Saving Account Statements – Last 6 Months
  • If Running Any Loan – Latest Sanction Letter + Track Record / Repayment Schedule
  • Agreement to Sell Copy
  • Complete Property Papers with Chain and Map
  • Projected Financial
  • Project Feasibility Report
  • Company Profile & Management Profile
  • ISO Certificate & MSME Certificate
  • Pollution Certificate
  • CMA Data
  • Machine Quotation
  • Building Construction Estimate
  • Photograph
  • Clear PAN Card – Company and All Directors
  • Address Proof – Company and Directors
  • List of Directors & Shareholders with CA Certification as of Date
  • Memorandum Order in Hand and Complete Copy (If Applicable)
  • GST, Sale, VAT, and SSI Registration Certificate
  • 1 Year GST Returns
  • All Directors’ Individual ITR & Computation – Last 3 Years
  • Last 3 Years Complete Financials with Tax Audit Report and Annexures
  • Provisional Financials of Last FY or Month-wise Sales Figures – Last 1 Year
  • Company’s All Bank Account Statements – Last 1 Year Updated
  • All Directors’ Savings Account Statements – Last 6 Months
  • If Running Any Loan – Latest Sanction Letter and Repayment Schedule
  • Agreement to Sell Copy
  • Property Papers – Complete Chain with Sanction Map
  • Projected Feasibility Report
  • Company Profile & MSME Certificate
  • Pollution Certificate
  • CMA Data
  • Machine Quotation
  • Building Construction Estimate

FAQs

Got questions? Our FAQs have answers and a sprinkle of humor. Dive in and discover more!

1. What exactly is a Solar Power Project Loan?

Solar Power Project Loans are specifically developed to help you achieve your project development and sustainable energy goals.

2. How much Solar Power Project Loan am I eligible for?

A maximum financial loan of 90% of the project cost is available.

3. What is the minimum Cibil score required for a Solar Power Project Loan?

A maximum credit score of 750 is necessary to obtain a Solar Power Loan..

Still have a questions?

Reach out to us—we're here to help and maybe share a laugh!

We promise we're not ignoring you—just busy being awesome. You'll hear from us within 48 hours!