Laxmi Bank comes up with impressive ‘Green Loan’ scheme

Thu, Mar 13, 2014 12:00 AM on Others,

ShareSansar, March 13:

Laxmi Bank Limited has announced a mouthwatering and yet the same time eco-friendly ‘Green Loan’ scheme to the people who are reeling under the long hours of load-shedding in the wake of the ongoing dry spell.

As per the scheme published by the commercial bank through media today, it is offering up to 80 percent financing of a complete solar-powered solutions, including solar panel, battery and invertor, at a very cool interest rate of just 5.99 percent per annum.

“And you can repay the loan on an EMI basis on a tenure of up to 4 years,” bank officials told ShareSansar today.

The bank further informed that all the interested clients have to do is open an account in the bank — if they don’t have one, and fill up a form along with a copy of their citizenship certificate, a photo and a document to show one’s income.

“Once you do these things we will screen the documents and issue the loan,” they added.

So far, the bank has tied up with Integrated Energy, a reputed vendor, for the scheme.

Chandra Kaji Shrestha of the Integrated Energy informed that a solar system of 12 volt and 150 ampere for a normal household, which supports at least five LED/ CFL lights and besides a LED TV for at least five hours will come to the range of Rs 60 to 65 thousand.