Solar Power System Loan

Solar power is a renewable and infinite energy source that creates no harmful greenhouse gas emissions. This way you too can take a step towards the changing world and you will soon be one step closer to convert your school into a Green School.

The school has ample space which can be used to produce solar power. Many schools are already using solar power and saving huge money on electricity bill.

Some core benefits of the Green School (Solar Power System) are –

  • Be a reputed Green School of your community.
  • Collateral free solar power system loan with a one- time investment for lifetime returns.
  • Get various government subsidies and other tax benefits.
  • Save huge money on your electricity bill.

If you’re looking to be a reputed Green School of your community then Solar Power System Loan is for you.

Product Details

Features

  • This collateral – free solar power system loan comes with a one-time investment for life time returns.
  • You can obtain assistance and services to far-flung places with our wide Shopee network.
  • Our solar power system loan allows you to purchase your solar power system and pay for the installation costs upfront and then repay the loan over time.
  • Loan Amount up to Rs. 25 lacs.
  • Tenure – Up to 60 Months (However, this tenure varies from lender to lender)
  • Interest Rate- ROI varies from lender to lender and is curated as per the borrower’s needs and eligibility.
  • Collateral Free Loan- You may or may not be required to mortgage a collateral to avail of the loan. (Subject to financier guideline) Hypothecation of assets (Purchased equipment) is required. 

Purpose

  • To Convert normal school in to the Green School
  • To purchase Solar Power System
  • To save huge amount on electricity bill.

Eligibility

  • School recognized by State or Central Board
  • Positive Cash Flow. Underwriting based on actual cash flow analysis of the school, rather than analysing the traditional way of approving loans.
  • Committed Management.

Documentation

  • KYC Documents –ID proof, Residence proof & Pan card
  • Banks statement – Individual, Society, Trust, School
  • Financial documents – ITR / Audit report (If applicable)
  • Constitution Documents – Bye-Laws of Society / Trust, Member list, Copy of recognition and affiliation certificates.
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