8% Solar Panel loan schemes for LECO customers
Sri Lankan Government has introduced a specilaized credit proposal scheme to purchase new Solar Power systems. Customers have the option of obtaining loans up to a sum of 5 million Sri Lankan rupees at a unbelievable interest rate and also have facility to repay the loan through the electricity bill.
Features of this Credit Scheme
- The loan scheme is reserved for LECO customers only.
- Interest Rates = 8%
- No guarantors.
- Repayment Period = Can be paid within 7 years.
- Customer has the choice of selecting Net Metering, Net Accounting or Net Plus schemes.
Type A: Maximum loan amount will be 90% of the supplier’s cost for Solar PV installation (excluding initial review fee, connection charges etc.) subjected to maximum of Rs.500,000.00
Type B: Maximum loan amount will be 75% of the supplier’s cost for Solar PV installation (excluding initial review fee, connection charges etc.) subjected to maximum of Rs.1,500,000.00