Green loan
Borrow for solar panels, solar water heating, rainwater harvesting equipment or a hybrid or electric car through an unsecured personal loan.
Denne finansieringsmulighed er i øjeblikket beskrevet på engelsk.
The loan finances photovoltaic panels, solar water heaters, rainwater harvesting equipment and hybrid or electric cars. You repay the borrowed money over an agreed term: up to 10 years for green projects or up to eight years for a hybrid or electric car. The bank advertises borrowing up to Rs6 million for the hybrid or electric car route.
If you apply for the unsecured car loan for a hybrid or electric car and also take your motor insurance from Absa, you may qualify for a discount on the insurance premium, the interest rate, or both.
Eligibility
Approval depends on Absa’s credit assessment.
The bank lists these application documents:
- Proof of identity: a national identity card or valid passport.
- Your latest payslip, or 12 months of payslips if your income varies, for example through commissions.
- A utility bill in your name that is no more than three months old.
- A birth or marriage certificate, where applicable.
- Bank statements for the last three months showing where your salary is paid.
- A letter confirming permanent employment if you have been with your current employer for six months or less.
- An employment contract if you work under contract.
- A pro forma invoice or quotation from the green-equipment supplier or car dealer.
Bring the original documents. This list is indicative, and Absa may ask for further documents or information.
How to apply
- Status
- Løbende ansøgning
- Vilkår for ansøgningsrunden
- Loan approval is subject to credit assessment.
Contact Absa Bank (Mauritius) about your application on +230 402 1000 or at customer.contact@absa.africa. The product page also offers a branch-finder route. Prepare the original application documents and your supplier or dealer quotation for the bank’s assessment.