Did you know you can get solar loan for installing solar panels easily with solar loom? Installing Solar Panels might cost you thousands of rupees according to the size of the panels. However, one cannot deny the benefits a solar panel can bring to your home.
For instance, lesser electricity bills and straight access to electricity. Even though the cost of panels & solar technology is getting reduced every year, everyone cannot afford the cost of panels. Hence, Loom solar launched its solar loan facility to help its customer, you can get access to “solar loans” to finance your solar expense.
You can get a solar loan facility at a very reasonable interest rate. Generally, it is between 8.25 to 12.35 percent monthly. Don’t worry about the interest rate, it is less than your monthly electricity bill.
What documents you need to apply for solar loan?
Eligibility of Solar loan
Salaried individuals & self-employed individuals are eligible to get Solar loans easily. Salaried individuals can submit the following documents:
- Identity Proof
- Aadhar Card
- Pan Card
- Bank details
- Bank statement of last 6 months in pdf format.
- Proof of Residence
- Current residence electricity bill (Preferrable)
- Sale Deed
- Passport/Driving license
- Rent Agreement
- Income proof
- Last 3-month salary slip
- Form 16 /Salary Certificate
Self-employed individuals would require to submit two different documents apart from what is mentioned above:
- Business Existence (Submit anyone)
- Shop & registration certificate
- GST Registration
- Property Document
- Maintenance Bill
- Electricity Bill
- Income proof
- Last 2 years’ income tax returns
- Computation of Income/P&L account/Balance sheet/ or Form 26A
How to apply for solar loan??
Loom Solar, one of the manufacturers of solar panels & lithium batteries in India, can help you get a solar loan to install solar panels. All you need to do is visit the website https://loan.loomsolar.com/ & get all the information you need.
