JK Bank Solar Inverter Finance Eligibility, Interest Rates, FAQ

JK Bank Solar Inverter Finance: For Purchase & Installation Of Off-Grid Solar Lighting & Photo –Voltaic Systems (Solar Inverters). The Finance Shall Be Granted For The Purchase Of The System From Authorized Dealers Of Reputed Companies.

Eligibility Criteria

  1. Confirmed Employees of Government/Semi-Government Departments/Bodies/Agencies & Public Sector Undertakings.
  2. Permanent Employees of Private Companies or Reputed Establishments with minimum 2 years association with the Current Employer and maintaining salary account with the bank.
  3. Professionals, Self Employed Individuals & Businessmen with at least 2 years of experience in profession/business.
  4. Retired Govt. Employees with age not more than 70 years on maturity of loan.
  5. Persons engaged in agricultural and allied activities.


Individuals: 12 times net monthly salary/ pension / income.

Persons engaged in agricultural and allied activities: Maximum of 2 times net annual income as certified by concerned Tehsildar.

The maximum quantum of finance shall not exceed Rs 50000.00.

READ: JK Bank Calendar 2023 PDF, Download Full Calendar


Primary: Nil

Collateral: Nil for Employees of J&K State Govt. / Central Govt. / Semi Govt. Departments/ Bodies/ Agencies and PSU’s maintaining salary accounts with our Bank

For others- Third Party Guarantee of ONE person acceptable to Bank and having sufficient net worth to withstand the liability.


Rs. 500.00 plus applicable GST.


Maximum Tenor of Loan shall not exceed 36 months.

READ: JK Bank Recruitment 2023 for IT Executive Post


  • Fixed rate of interest @ 3 year MCLR plus 3 % with monthly rests.

Click here for rate of Interest

JK Bank Solar Inverter FINANCE FAQ:

What is the maximum tenor of JK Bank Solar Inverter Finance Scheme?

The maximum tenor of the loan shall not exceed 36 months.

What is the rate of interest for JK Bank Solar Inverter Finance Scheme?

The fixed rate of interest for the scheme is 3 year MCLR plus 3% with monthly rests. The rate of interest is subject to change.

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1 thought on “JK Bank Solar Inverter Finance Eligibility, Interest Rates, FAQ”

  1. For such schemes the bank should rope in potential customers from the age above 70 years. Such customers are serious and appreciate the viability and value of these schemes. The age relaxation is likely to fetch good results. Regards and best wishes for this scheme.


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