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 24th January, 2018
(BI Weekly-14 days)
1-11th Instal. 12th Inst. Total Intrest IRR Processing fees Insurance Charges
1 2495 6 months 220 217 142 22.50% 29 19
2 1650 6 months 150 91 91 22.44% 19 12
3 2200 6 months 200 121 121 22.38% 26 16
4 2800 6 months 250 207 157 22.42% 34 21



Latest News

  • 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)
  • Satin Creditcare Network registers 30% YoY growth in gross loan portfolio- The Economic Times - Feb 14, 2018 (Know More)
  • Satin Creditcare Q3 net up 28 pc to Rs 21.6cr- Business Standard - Feb 14, 2018 (Know More)
  • Satin Creditcare comes up with stellar performance- Dalal Street Journal - Feb 14, 2018 (Know More)