Solar Loan

SCNL has expanded and penetrated deeper into the markets, where there still exist villages which are un-electrified. It was also observed that these clients are still dependent on kerosene lanterns for daily use. Thus, with a vision to make villages more independent and progressive, SCNL is financing the solar lanterns at affordable rates to suit the economic conditions of the villagers without any financial constraint. 'The clean energy loans' initiative will further reduce the dependence on kerosene oil for lighting purpose.

This loan is for the purpose of purchasing Solar lantern.

This is a voluntary product to our clients.

Total number of solar loans disbursed in Q1, 2016-17 is 20,839.

Total number of solar loans disbursed in Q2, 2016-17 is 10,786.

S. No. Loan Amount Loan Duration Solar loan product - Effective from 12th April, 2018
(BI Weekly-14 days)
1-11th Instal. 12th Inst. Total Intrest IRR Processing fees Insurance Charges
1 1650 6 months 150 89 89 21.97% 19 12
2 2800 6 months 250 203 153 21.89% 34 21
3 3999 6 months 360 257 218 21.997% 48 29
4 2899 6 months 255 255 161 21.94% 35 21
5 5495 6 months 490 407 302 21.98% 65 40



Latest News

  • Mr. HP Singh speaks to ET Now on Satin Creditcare Stellar Performance - Feb 15, 2018 (Know More)
  • Mr. HP Singh speaks to CNBC Awaaz on Q3FY18 results & More - Feb 15, 2018 (Know More)
  • Mr HP Singh speaks to Bloomberg Quint on Q3FY18 results and SCNL quarter Performance - Feb 15, 2018 (Know More)
  • Mr. HP Singh speaks to BTVI on Q3FY18 results and SCNL quarter Performance - Feb 15, 2018 (Know More)
  • Mr. HP Singh speaks to CNBC on Q3FY18 results & More - Feb 15, 2018 (Know More)