Most of the banks and government approved finance organization will provide easy finance options to the common citizens of India to install rooftop solar system. In this wave, now Ecofy also launched their plan to provide loan for solar panel to the beneficiaries of Pradhan mantri Surya Ghar Muft Bijli Yojana.
Today in this article, you will get a quick steps to avail the solar loan from Ecofy along with that what’s the eligibility criteria, rate of interest, loan amount as well as how much loan repayment period is?
So let’s start exploring finance options from Ecofy about rooftop solar.
Headings
- 1 Ecofy Solar Loan under PM Surya Ghar Muft Bijli Yojana
Ecofy Solar Loan under PM Surya Ghar Muft Bijli Yojana
Central government listed nearly 25 banks and financial organization on their official website which are help to provide easy solar loan under PM Surya Ghar Scheme. Ecofy is one of them and it will offer you up to 100% of the loan amount of your total project cost. One good thing to take solar loan from Ecofy is it’s totally collateral free loans up to 25 lakhs. Let’s check the interest rate and loan tenure.
Ecofy Finance for solar rooftop – Rate of interest & Loan Tenure
Here is the full details of ROI and loan repayment period. Please check carefully.
- Interest Rate (ROI): If you want to get subsidy on solar system then you have to apply for solar panel through national portal and where Ecofy said that they will charge 12.99% per annum net interest from the household. It means of you got a loan from Ecofy about 1 lakh then you have to pay in return nearly 1 lakh and 13 thousand in a year.
- Loan Repayment Period: It’s doesn’t matter how big amount you got from Ecofy. There are simple rule to repayment period and that is maximum 4 years.
Benefits of Solar Loan from Ecofy
Eligibility Criteria & Documents Required
There are only one eligibility criteria from the Ecofy and that is applicant’s Bureau score is not less than 650. Oh Crazy!
- Aadhaar Card
- PAN Card
- Solar system Quotation
- Last 6 months electricity bills
- Last 3 years of Income tax return or last 6 months bank statement
- Documents of your residence property
How to Apply for Ecofy solar loan?
Step 1: You have to apply first from the official website of PM Surya Ghar Scheme.
Step 2: After that you have to visit the official website of Ecofy where you have to apply for a loan.
Step 3: Where you have to provide your details and documents and wait for a call from Ecofy.
Step 4: If you are eligible then within 24 hours, you got a loan amount.
It’s easy steps for the first time, but loan process is really tough to everyone. So, you can contact the nodal officer. Contact details will be given further in this article.
Overview – Ecofy solar finance
| Features | Details |
|---|---|
| Solar Loan From | Ecofy |
| Loan Amount | Up to 100% of project cost |
| Rate of Interest | 12.99% per annum |
| Collateral fee | NIL |
| Processing fee | 2 to 2.5% |
| Loan Tenure | 4 Years |
| Official Website | https://www.ecofy.co.in/ |
Contact Details
- Officer Name: Mr. Swapnil Wakade
- Email: swakade@ecofy.co.in
- Phone: +91 98216 04104
- Toll Free: 1860-266-2059
Read Also: SBI Surya Ghar Scheme
Read Also: ICICI Bank solar loan interest rate
FAQs
Can I have to pay processing fees for loan from Ecofy?
Yes
Interest rate for solar rooftop loan from Ecofy?
12.99% annually
Is it safe to take a loan from Ecofy?
Yes, PM Surya Ghar portal also listed Ecofy
Final Words
Here in this article we provide you all the details about Ecofy solar rooftop loan. If you have any questions regarding Surya Ghar Yojana then please feel free to ask us in the comment section or direct through the contact email. For more details please visit regularly here; https://pmsuryaghar.in