Solar Product Financing

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Solar Product Financing

A medium term loan facility provided to clients / farmers seeking financial assistance in the purchase and installation of various solar systems (solar water heating systems, solar pumps for irrigation purpose, solar cookers and any other system considered eligible by the NBFC)

Maximum Tenure
60 Months

Interest Rate
17%

Processing Fees
1% + GST

Features and benefits

Financing the cost of purchase and deployment of various solar systems

Flexible
Tenure

The tenure and other product features will vary on the basis of crop; however maximum tenor for this product will be for 5 years.

Customized
Repayment

In single or multiple instalments in accordance with the crop cycle. Repayment can be anually, half yearly, quarterly and monthly.

Easy
Application

We provide door-to-door service so that you can submit your application from the home. SAFl sales executives are their across 71 branches

Eligibility Criteria

  • Farmers/ Customers purchasing solar systems (Solar Water Heating, Solar Pumps, Solar Lantern, Solar Home Lighting, Solar Inverter, Solar Street Light etc) from JISL Irrigation Systems
    • Minimum land holding of 1 Acre
    • Maximum Age limit is 60 years, in case if applicant’s age is more than 60 years, co-applicant is required.
  • Salaried / Self-employed purchasing JISL Solar Equipment
    • Maximum Age limit is 58 years.

Documents Needed

The document required to apply for Loans are easy to obtain. Indicated below is the list of documents required to avail a loan against property.

Photo Identity Proof

  • Aadhar card
  • Voter id
  • Valid passport
  • updated Bank passbook with Photo attestation by nationalized bank/Pvt Bank
  • PAN Card
  • ID Proof issued by Panchayat
  • Gram Sevak

Address Proof

  • Aadhar card
  • Ration card
  • Voter id
  • Electricity bill
  • Valid passport
  • Rahivashi Dhakla issued by sarpanch of the village
  • Updated Bank passbook of nationalized bank/Pvt Bank with same address
  • Address proof issued by Gram Sevak

Income Proof

In case of Salaried

  • 3 months salary slip
  • Latest Salary certificate from the current employer
  • Latest Form 16 / ITR

In case of businessmen

  • Latest 3 year income and latest 3 yrs ITR.

In case of self-employed

  • Individual bank statement
  • 6 months Bank statement

Property/farming land Document

  • Original 7/12 extract
  • 8Aextract, Ferfar (6D)
  • Boundary map from Talati/self- attested by farmer
  • Govt valuation report from sub-registrar office/market valuation report
  • Original Quotation for Solar equipments from Dealer
Corporate Office:

Sustainable Agro commercial Finance Ltd, 1st Floor, Marshall Building, Shoorji Vallabhdas Marg, Ballard Estate, Fort,
Mumbai - 400001
Boardline: 022-22101111 / Fax No.: 022-22105555