| Purpose of Facility |
BOP Shamsi Tawanai is a term finance facility for consumers willing to install solar energy equipment for generation of electricity ranging from 4 KW to 1000 KW with or without net metering. |
| Product Attributes |
Affordable mark-up rates
Quick processing and loan disbursal
Availability of Limit Enhancement option
AEDB certified suppliers on panel
Available under Prime Minister Youth Business & Agriculture Loan Scheme and Punjab Rozgar scheme as well*
|
| Target Market |
1. Individuals (preferably with an intent of net metering)
2. Small & Medium Enterprises
3. Agribusinesses
|
| Eligibility Criteria |
Existing BOP customers and prospective NTB Borrowers meeting the following acceptance criteria shall be financed under “BOP Shamsi Tawanai”
Clean e-CIB
Income proof/ Bank Statement/ Income estimation
NOC from the owners
Age should be between 21 years and 60 years
Satisfactory market check
|
| Minimum Loan Limit |
Rs. 0.5 million. |
| Maximum Loan Limit |
Rs. 100 million (for individuals 5 million) |
| Down Payment |
For Agri Customers / Business (Farm / Non-Farm):
(includes all associated and auxiliary businesses directly related to agriculture)
Minimum 20% down payment in case of both owned/ family owned premises/land
|
| Tenure |
The maximum duration of this loan is 8 years with 3 months grace period |
| Frequency of Repayment |
Monthly / Quarterly / Bi-annually |
| Security |
Hypothecation of Equipment
AND
Mortgage of Property (30% margin on mortgage value)
OR
Cash / Near Cash Collateral (10% on encashment value)
OR
Security amount (forced sales value) shall be equal to 50% of loan amount where power generation can be monitored online
OR
Charge on Agri land through Zarai Pass Book (40% margin on last three years Oast Bai/Schedule rate value as assessed by revenue or value determined by evaluator) (applicable on agri customers / businesses only)
|
| Insurance |
Insurance for first year shall be taken along with down payment, remaining amount shall be built in installments. |
| Pricing / Mark-up |
As per prevailing market rates |
| Processing Fee |
As per SOC |