It is an Indian banking and financial services company with its headquarters in Mumbai. Kotak Mahindra has its name in banking products and financial services. The company offers personal finance, life insurance, wealth management services, and investment banking to its corporate and retail customers.
Purpose
If you are planning to buy a new home with solar system and looking for home loan. Here you can get the sufficient information about home loan with solar system.
Eligibility
Solar PV panel
Any other type of solar panels type, after approval from Ministry of New & Renewable Energy (MNRE).
Quantum of Loan: Amount
Maximum 75% of the cost of the equipment
Margin
Minimum 25% If subsidy is available, the same can be considered as margin
Security: Car Paper
Hypothecation of equipment /assets financed
Repayment Period: Duration – 24 months
Maximum period of 07 years
Forms & Documents
Appropriate DPN note, Deed of Guarantee, Letter of continuity, Hypothecation agreement, Mortgage deed ,Letter of general lien and setoff, Declaration/undertaking for Agriculture advance, Undertaking from borrower /Guarantor for disclosure to CIBIL and any other document stipulated in sanction
Rate of Interest - Please click here to know our latest interest rates
A home loan interest rate is the rate of interest, customarily a percentage exacted on the total home loan amount over a stipulated period. At Kotak Mahindra Bank, we provide home loans starting from 6.5%. Our rates are among the lowest home loan interest rates offered in India.
Processing Charges
The charge may range from 0.25% to 3% of the balance amount, or the lender might fix a specific amount such as Rs.1,000+GST
Nature of Facility
Home loan with solar panels
3 comments
Pravinshah
Loan chaiye mujhe
Ajay Yadav
I have required a term loan for the purpose of installation of loomsolar
Pushpender singh
Ty