We have detected that you are using an outdated browser. Using your current browser will prevent you from accessing all features of our website. An upgrade is required to improve your browsing experience. Use the links below to download a new browser or upgrade your existing browser.



Online Banking user please click here Online Banking
0
  Add to Favourite
  1. No favourites yet!
Increase text size Restore default font-sizes Decrease text size

Green Loans

Energy conservation
begins today

Commercial Bank Green Loans give you the financial support to begin energy conservation from your home




The Essentials

  • Loans to fund purchasing of energy efficient household equipment and installation of energy efficient lighting for households 

  • Extremely competitive low interest rates



Green loans have been introduced to finance environmental friendly projects to encourage you to optimize and recycle natural resources. Our green Loans help you to acquire environmentally friendly equipment and supplies in order to save money and make better use of available resources. 

Extended repayment period up to 7 years

 

Loan amount

Up to 75% of the energy efficient equipment

Minimum of Rs. 50,000 and Maximum of Rs. 3Mn*

 

Eligibility

If employed,

   - Should be a permanent employee with a minimum monthly salary of Rs.50,000/-.

   - Minimum service of 01 year in the current employment.

   - Age between 18 to 60 years.

If self employed,

   - Should be a registered member of the respective governing body of the profession. (Eg. CIMA, ACCA etc...)

   - Minimum regular disposable monthly income should be Rs.50,000/-.

   - Age between 18 to 65 years.

 

How to apply

You can visit a branch of your choice and discuss your requirement with an officer. He/She will guide you through the loan application process. You can also download the application form by clicking the 'Download' button below.

Please fill the Loan application form and hand over to the branch with the required documentation. Remember to take your national identity card, driving license or passport if you are not an existing customer of the Bank. This is necessary for us to identify you.

 

Documents required

Completed Loan Application Form

Performa Invoice /Quotation

Recent salary slips or documents evidencing income of the Borrower /s

Letter of undertaking from the employer to remit the applicant's salary to the Commercial Bank Account - (Applicable only if the applicant is employed)

Evidence for Permanent Residence (Utility bills, Bank Statements etc.)

 

Repayment period

Maximum repayment period for loan is 7 years.

Green Loans Depending on the borrower's needs, repayment could be made either in equated monthly installments or on the Reducing installment method (fixed capital repayment + interest).

 

Terms & Conditions apply
Product information and terms & conditions are subject to change from time to time. Therefore, it is advisable to contact the branch nearest to you for the latest information and prevailing terms & conditions.

Apply now

Download