Rooftop Solar Loan in Guwahati, Assam

What is the solar loan scheme in Guwahati, Assam?

Purchasing and installing a solar system can be just as expensive as purchasing a new car, mobile phone or even a motorcycle. However, solar energy is on the rise and as the Government of India promotes the installation of solar panels, convenient funding options for solar systems have cropped up. If you do not have the full amount required to purchase and install a solar system, you can apply for a solar loan.

Which banks offer solar loans in Guwahati, Assam?

Solar loan schemes are currently offered by many national, state and private banks in India including State Bank of India (national), Bank of Maharashtra (Maharashtra), Saraswat Bank (Maharashtra), Canara Bank (national) and even Central Bank of India (national). Many other banks including Axis Bank, HDFC Bank and ICICI bank offer solar loans; however, these are under the scheme “home improvement loans”.

In Guwahati, Assam, the following banks offer solar loans to customers:

  • State Bank of India
  • Punjab National Bank
  • Canara Bank
  • For any suggestion mail us at marketing@loomsolar.com

However, a solar loan can also be availed from other national or private banks as a home improvement loan. Some popular banks and non-banking institutes that offer home renovation and improvement loans are:

  • HDFC Bank
  • Axis Bank
  • ICICI Bank
  • Bajaj Finance
  • Bank of Baroda
  • Kotak Bank
  • Paisabazaar

These are only some of the banking and non-banking institutions through which you can apply for a solar loan. When applying for a solar loan, you should also consider other factors like solar loan eligibility, interest rates, and EMI.

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How do you check the eligibility for a solar loan?

Given below are the criteria you have to fulfil to be eligible for a solar loan:

  1. Age: The applicant should be at least 18 years of age when applying for the solar loan. The maximum age limit is capped at 55-60 years, depending on the bank.
  2. Income: The income of the applicant should be at least Rs.15,000–20,000. The applicant should provide proof of sufficient income.

Special considerations: Some banks have separate schemes specifically for farmers, tenant farmers, panchayat members and agri-entrepreneurs.

What is the interest rate on the solar loan?

The interest rate on solar loans is between 1.5% to 10%. The interest rate for solar loans is decided individually in each case. Some factors that can affect the interest rate on solar loans are:

  1. Bank of choice: Different banks provide different interest rates on home improvement and solar loans. Therefore, you may receive different quotations from different banks.
  2. Credit score: Your credit score is an important eligibility criterion for a solar loan. A poor credit score (lower than 700) may mean you receive higher interest rates.
  3. Income: Some banks also consider your employment history when accepting offers; however, all banks will consider your income when you apply. Income history and stability is used to understand how long you may take to repay the loan.

Many other factors can affect interest rates on solar loans; however, these are three primary criteria.

What documents do you need to apply for a solar loan?

  • Proof of Identity and address: You are required to provide proof of identity and address. You can select any two documents: PAN card, Aadhar card, driving license, ration card or voter ID.
  • Proof of income: In order to be eligible for a solar loan, you have to provide proof of income. This is:
  1. For salaried persons: Three months’ payslips. These have to be consecutive and in the same financial year as the application.
  2. For self-employed: Bank statements from the last 6 months.
  • Price Quotation: A formal quotation from the solar company stating the charges for purchasing and installing the solar system.
  • Other documents that some banks may ask for:

    • Proof of property ownership or rent agreement (for tenant farmers).
    • Employment certificate (for salaried persons).
    • GST returns for 1-3 consecutive years (for self-employed).
    • Income tax return proof for 2-3 years.

    How to calculate EMI for a solar loan?

    Solar loans and home improvement loans have a repayment period of 3 to 5 years. To calculate the EMI you need to pay, use the following formula:

    Where P=principle amount, r=rate of interest, and n=number of months you have to pay the loan.

    You can also use an EMI calculator to get the EMI amount on your solar loan.

    Type of solar loans available in Guwahati, Assam

    In Guwahati, Assam, you can avail two types of solar loans:

    1. EMI on debit cards:

    Many banks allow their customers to purchase solar systems on their debit cards. This facility is provided by many major banks in India including ICICI Bank, HDFC Bank, Federal Bank, State Bank of India, etc. To understand whether you are eligible for this scheme, you can visit the bank’s website and search for “EMI on the debit card.” Standard EMI on the debit card has high-interest rates, between 7% and 16%.

    1. Solar or home improvement loans:

    Alternatively, you can apply for either a home improvement loan or a solar loan directly from any bank. The application process for most banks is available both online and offline. You will be asked to show proof of income, identity and employment status. Solar and home improvement loans have lower interest rates, between 6% and 10%; however, they also have lower approval rates.

    What is the process to avail solar loan in Guwahati, Assam?

    The process to avail solar loan in Guwahati, Assam is as follows:

    1. Visit the bank’s nearest branch and inquire whether they provide solar loans. Alternatively, you can also visit the bank’s website to find this information.
    2. If the bank does not provide solar loans, inquire about the bank’s policy on “home improvement loans”.
    3. Contact a solar dealer or distributor in your neighbourhood or city and book an appointment.
    4. During the appointment, the dealer will provide you with an estimate for installing a solar system. The estimation will be sent as a formal quotation on the company’s letterhead.
    5. Complete the loan application online or physically. Submit the required documents.
    6. Your application will be scrutinized by the bank’s personnel and approved according to your eligibility.
    7. When you accept the loan, 80% of the loan amount will be transferred to your bank account. This can take 5–7 days after loan approval.
    8. You can contact the dealer and start the installation.
    9. Once solar system installation is complete, you will have to provide a No objection certificate (NOC) to the seller. The NOC informs the seller that the installation is complete and you do not see any problems.
    10. The bank will transfer the remaining 20% into your bank account.

    This is the process of applying for a solar loan. On average, the process takes 2 weeks to one month.

     

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    confidence I needed. The Doge was worth 100’s of thousands of dollars
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    There is obviously a high level of trust involved in handing over keys
    and possible passwords but carrying out my due diligence with reviews
    and one recommendation from someone I already knew, gave me the
    confidence I needed. The Doge was worth 100’s of thousands of dollars
    and he deducted the agreed commission and assisted me with getting it
    safely to my exchange. I’ve since monetized the coin so it’s real.
    Mightily impressed and grateful for their services after somewhat giving
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    BIP38 decryption of the private key for Dodge I’d held since 2019.
    There is obviously a high level of trust involved in handing over keys
    and possible passwords but carrying out my due diligence with reviews
    and one recommendation from someone I already knew, gave me the
    confidence I needed. The Doge was worth 100’s of thousands of dollars
    and he deducted the agreed commission and assisted me with getting it
    safely to my exchange. I’ve since monetized the coin so it’s real.
    Mightily impressed and grateful for their services after somewhat giving
    up on thinking I would never realize the substantial theoretical gain.
    I gave Recovery Masters as many seeds of various passwords I had been
    using around that era and as much information I could help and that
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    lost password after a few hours of deploying their equipment to allow
    BIP38 decryption of the private key for Dodge I’d held since 2019.
    There is obviously a high level of trust involved in handing over keys
    and possible passwords but carrying out my due diligence with reviews
    and one recommendation from someone I already knew, gave me the
    confidence I needed. The Doge was worth 100’s of thousands of dollars
    and he deducted the agreed commission and assisted me with getting it
    safely to my exchange. I’ve since monetized the coin so it’s real.
    Mightily impressed and grateful for their services after somewhat giving
    up on thinking I would never realize the substantial theoretical gain.
    I gave Recovery Masters as many seeds of various passwords I had been
    using around that era and as much information I could help and that
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    Consult A Licensed Crypto Recovery Experts//Lost Recovery
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    I was absolutely impressed with the LOST RECOVERY MASTERS service’s high
    professionalism and hacking prowess. They successfully recovered my
    lost password after a few hours of deploying their equipment to allow
    BIP38 decryption of the private key for Dodge I’d held since 2019.
    There is obviously a high level of trust involved in handing over keys
    and possible passwords but carrying out my due diligence with reviews
    and one recommendation from someone I already knew, gave me the
    confidence I needed. The Doge was worth 100’s of thousands of dollars
    and he deducted the agreed commission and assisted me with getting it
    safely to my exchange. I’ve since monetized the coin so it’s real.
    Mightily impressed and grateful for their services after somewhat giving
    up on thinking I would never realize the substantial theoretical gain.
    I gave Recovery Masters as many seeds of various passwords I had been
    using around that era and as much information I could help and that
    greatly assisted the task. Their tech skills and equipment were just
    what were needed for the job and wish them all the success with lots
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    https://lostrecoverymasters.com/ also contact them through their
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    (+44(7537)-105921)

    Janine Horgan

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    Consult A Licensed Crypto Recovery Experts//Lost Recovery
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    I was absolutely impressed with the LOST RECOVERY MASTERS service’s high
    professionalism and hacking prowess. They successfully recovered my
    lost password after a few hours of deploying their equipment to allow
    BIP38 decryption of the private key for Dodge I’d held since 2019.
    There is obviously a high level of trust involved in handing over keys
    and possible passwords but carrying out my due diligence with reviews
    and one recommendation from someone I already knew, gave me the
    confidence I needed. The Doge was worth 100’s of thousands of dollars
    and he deducted the agreed commission and assisted me with getting it
    safely to my exchange. I’ve since monetized the coin so it’s real.
    Mightily impressed and grateful for their services after somewhat giving
    up on thinking I would never realize the substantial theoretical gain.
    I gave Recovery Masters as many seeds of various passwords I had been
    using around that era and as much information I could help and that
    greatly assisted the task. Their tech skills and equipment were just
    what were needed for the job and wish them all the success with lots
    more enquiries. You can learn more on their Website
    https://lostrecoverymasters.com/ also contact them through their
    email which is: (Support@lostrecoverymasters.com) or WhatsApp:
    (+44(7537)-105921)

    Janine Horgan

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    Consult A Licensed Crypto Recovery Experts//Lost Recovery
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    I was absolutely impressed with the LOST RECOVERY MASTERS service’s high
    professionalism and hacking prowess. They successfully recovered my
    lost password after a few hours of deploying their equipment to allow
    BIP38 decryption of the private key for Dodge I’d held since 2019.
    There is obviously a high level of trust involved in handing over keys
    and possible passwords but carrying out my due diligence with reviews
    and one recommendation from someone I already knew, gave me the
    confidence I needed. The Doge was worth 100’s of thousands of dollars
    and he deducted the agreed commission and assisted me with getting it
    safely to my exchange. I’ve since monetized the coin so it’s real.
    Mightily impressed and grateful for their services after somewhat giving
    up on thinking I would never realize the substantial theoretical gain.
    I gave Recovery Masters as many seeds of various passwords I had been
    using around that era and as much information I could help and that
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    There is obviously a high level of trust involved in handing over keys
    and possible passwords but carrying out my due diligence with reviews
    and one recommendation from someone I already knew, gave me the
    confidence I needed. The Doge was worth 100’s of thousands of dollars
    and he deducted the agreed commission and assisted me with getting it
    safely to my exchange. I’ve since monetized the coin so it’s real.
    Mightily impressed and grateful for their services after somewhat giving
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    There is obviously a high level of trust involved in handing over keys
    and possible passwords but carrying out my due diligence with reviews
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    confidence I needed. The Doge was worth 100’s of thousands of dollars
    and he deducted the agreed commission and assisted me with getting it
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    Mightily impressed and grateful for their services after somewhat giving
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    I was absolutely impressed with the LOST RECOVERY MASTERS service’s high
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    lost password after a few hours of deploying their equipment to allow
    BIP38 decryption of the private key for Dodge I’d held since 2019.
    There is obviously a high level of trust involved in handing over keys
    and possible passwords but carrying out my due diligence with reviews
    and one recommendation from someone I already knew, gave me the
    confidence I needed. The Doge was worth 100’s of thousands of dollars
    and he deducted the agreed commission and assisted me with getting it
    safely to my exchange. I’ve since monetized the coin so it’s real.
    Mightily impressed and grateful for their services after somewhat giving
    up on thinking I would never realize the substantial theoretical gain.
    I gave Recovery Masters as many seeds of various passwords I had been
    using around that era and as much information I could help and that
    greatly assisted the task. Their tech skills and equipment were just
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    Consult A Licensed Crypto Recovery Experts//Lost Recovery
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    I was absolutely impressed with the LOST RECOVERY MASTERS service’s high
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    lost password after a few hours of deploying their equipment to allow
    BIP38 decryption of the private key for Dodge I’d held since 2019.
    There is obviously a high level of trust involved in handing over keys
    and possible passwords but carrying out my due diligence with reviews
    and one recommendation from someone I already knew, gave me the
    confidence I needed. The Doge was worth 100’s of thousands of dollars
    and he deducted the agreed commission and assisted me with getting it
    safely to my exchange. I’ve since monetized the coin so it’s real.
    Mightily impressed and grateful for their services after somewhat giving
    up on thinking I would never realize the substantial theoretical gain.
    I gave Recovery Masters as many seeds of various passwords I had been
    using around that era and as much information I could help and that
    greatly assisted the task. Their tech skills and equipment were just
    what were needed for the job and wish them all the success with lots
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    In the realm of online finance, where deceit often masquerades as opportunity and treachery lurks in the shadows, discovering a bastion of trust and competence feels akin to unearthing a priceless gem amidst a desolate wasteland. Such a sanctuary, for me, materialized in the form of DIGITAL HACK RECOVERY. My odyssey toward DIGITAL HACK RECOVERY commenced with a bitter taste of disillusionment, as a once-promising investment endeavor soured into a nightmare of denied withdrawals and dubious conduct. Driven to desperation, I sought recourse from official channels, only to find my entreaties met with indifference, my hope waning with each fruitless plea. Alone and disillusioned, I sought refuge in the boundless expanse of the internet, scouring its depths for a glimmer of salvation amidst the cacophony of cautionary tales. It was amidst this digital labyrinth that the name DIGITAL HACK RECOVERY emerged as a beacon of hope, its reputation for integrity, and efficacy standing tall amidst the cacophony of dubious offerings. Entranced by the assurances of their ethical approach and sterling reputation, I took a leap of faith and reached out to their team. From the outset, it was evident that DIGITAL HACK RECOVERY was no ordinary firm. Their professionalism and commitment to excellence were palpable, instilling in me a newfound sense of confidence in the face of adversity. But trust, as they say, is a currency earned through deeds, not words. And earn it they did, with each meticulously planned step of the recovery process executed with precision and finesse. Their dedication to ethical practices and unwavering focus on client satisfaction set them apart in a landscape fraught with deceit and uncertainty. As the days turned into weeks and the weeks into months, I marveled at the tenacity and skill with which DIGITAL HACK RECOVERY pursued my case. Their resolve never faltered, their determination unwavering in the face of adversity. And then, like a phoenix rising from the ashes, my fortunes began to shift. With each successful recovery, a burden was lifted from my shoulders, replaced by a renewed sense of optimism and possibility. The funds they restored to me were not merely numbers on a screen; they were a lifeline, a beacon of hope in a sea of uncertainty. But their impact extended beyond mere financial restitution. With the recovered funds in hand, I was empowered to settle my debts and pursue my aspirations with newfound vigor. What was once a distant dream blossomed into reality as I embarked on a journey to realize my entrepreneurial ambitions, buoyed by the unwavering support and guidance of the DIGITAL HACK RECOVERY team. DIGITAL HACK RECOVERY proved to be more than just a solution to my financial predicament; they were a lifeline in a tempest-tossed sea, a guiding light illuminating the path to redemption. To those navigating the perilous waters of online finance, I offer but one piece of advice: place your trust in DIGITAL HACK RECOVERY. For they are not merely experts in their field; they are paragons of integrity and guardians of hope in an ever-evolving digital landscape. For any crypto recovery issue just contact DIGITAL HACK RECOVERY Team Through⁚

    Email⁚digitalhackrecovery@techie.com

    Website⁚https://digitalhackrecovery.com

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