The Kalupur commercial co-op bank Ltd. » Renewable Energy (Solar/Biogas/Wind)

Purpose : For purchase of Machinery / Equipments for generation of renewable energy viz Solar, Wind or Biogas for captive consumption.
Eligibility Criteria :
- Any Non Individuals (Proprietorship Firm / Partnership Firm / LLP / Company etc.) engaged into Manufacturing Activity.
- Existing Customer with satisfactory conduct of account will be eligible for such Loan.
- New Customer with existence of business of 2 years or more with satisfactory conduct with other bank, will be eligible for such Loan. In case of New Customers enjoying various credit facilities from other bank, it is preferablly to takeover entire business from other bank.
- Applicant must be generating sufficient cash profit to service regular repayment of interest and installment. Minimum Avg DSCR and Interest Coverage should be 1.50 and 2 respectively).
- Feasibility report from Machinery / Equipment Suppliers.
- Applicant with CMR -1 to CMR-6 (Commercial CIBIL Rank) can only be financed.
Quantum of Loan : Rs. 1500.00 lacs (To be considered under Priority Sector Lending)
Margin : 15.00% of the Quotation
Repayment : Door to Door -72- Months, including first -6- month Moratorium period.
Security :
- Hypothecation of Solar Photo-voltaic.
- Other tangible security in form of immovable / movable / liquid as acceptable to the Bank.
- All other Security documents, to be obtained as per Bank’s extant Guidelines for Machinery Loan / Equipment Loan.
Processing fees : Click Here

Any Non Individuals (Proprietorship Firm / Partnership Firm / LLP / Company etc.) engaged into Manufacturing Activity.
Existing Customer with satisfactory conduct of account will be eligible for such Loan.
New Customer with existence of business of 2 years or more with satisfactory conduct with other bank, will be eligible for such Loan. In case of New Customers enjoying various credit facilities from other bank, it is preferablly to takeover entire business from other bank.
Applicant must be generating sufficient cash profit to service regular repayment of interest and installment. Minimum Avg DSCR and Interest Coverage should be 1.50 and 2 respectively).
Feasibility report from Machinery / Equipment Suppliers.
Applicant with CMR -1 to CMR-6 (Commercial CIBIL Rank) can only be financed.