Loan is provided for installation of Grid connected RTS (Roof Top Solar) for residential purpose only.
Setting up of Grid connected Roof Top Solar system up to 25 KW plant to individual having existing independent house.

ELIGIBLE ENTITIES/BORROWERS:
Resident Indian Citizens and Non – resident Indians (NRIs) [ Persons of Indian Origin (PIOs) and Overseas Citizenship of India (OCI) are to be treated as NRI] as eligible under Home Loan scheme will be eligible under URTS scheme also.
They must be having independent house in their name.
Singly or jointly with other eligible family members. Family members are as per home loan scheme guidelines.
All the proposed co-owners of the property for which loan is being applied, have to necessarily join as applicant to the loan.
For new home loan customer, URTS can be sanctioned along with the sanction of Home Loan. However, the disbursement of URTS loan, will be done only after completion / possession of the property and perfection of the security.
For existing Home Loan applicants to avail the URTS, he/ she should have a satisfactory track record of repayment of Home loan EMI and there should not be any overdue in the Home loan A/c. i.e. the account should not have been classified under SMA category during the last 6 months period.
Note: For URTS-PM Surya Ghar: Muft Bijli Yojna this clause is not applicable.
The applicant should have minimum retail score of 50 as per Investment Grade or Scoring Chart.
Inclusion of HUF as an applicant / co-applicant to the loan, where the income of the HUF is to be considered or the HUF is owner/co-owner of the property will form deviation and to be approved by CRLC-I. If permitted, all major coparceners have to stand as guarantors to the loan in their individual capacity.