• For Purchase & Installation Of Off-Grid Solar Lighting & Photo –Voltaic Systems (Solar Inverters). The Finance Shall Be Granted For The Purchase Of The System From Authorized Dealers Of Reputed Companies.
  • Confirmed Employees of: Government /Semi-Government Departments/Bodies/Agencies & Public Sector Undertakings.
  • Permanent Employees of Private Companies or Reputed Establishments with minimum 2 years association with the Current Employer and maintaining salary account with us.
  • Professionals, Self Employed Individuals & Businessmen with at least 2 years of experience in profession/business
  • Retired Govt. Employees with age not more than 70 years on maturity of loan.
  • Persons engaged in agricultural and allied activities.
  • Individuals: 12 times net monthly salary/ pension / income.
    Persons engaged in agricultural and allied activities: Maximum of 2 times net annual income as certified by concerned Tehsildar.
  • The maximum quantum of finance shall not exceed Rs 50000.00
  • Primary
  • Collateral
    Nil for Employees of J&K State Govt. / Central Govt. / Semi Govt. Departments/ Bodies/ Agencies and PSU’s maintaining salary accounts with our Bank.
  • For others- Third Party Guarantee of ONE person acceptable to Bank and having sufficient net worth to withstand the liability.
  • Rs. 500.00 plus applicable GST.
  • Fixed rate of interest @ 3 year MCLR plus 3 % with monthly rests.

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  • Maximum Tenor of Loan shall not exceed 36 months.