JK Bank Solar Inverter Finance Scheme Check Eligibility

• 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

• Nil

• Primary
  Nil
• 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.