Solar and electric vehicle business finance
Loans for businesses buying approved solar systems or electric vehicles, with the financed equipment used as security.
Stanbic Bank Ghana lends to businesses buying electric vehicles or solar panels, batteries and inverters. The loan can cover up to 100% of the total equipment cost, subject to the bank’s terms and approval.
You repay the borrowed money over a period aligned with your cash flow: 7–10 years for solar energy systems, or up to six years for electric vehicles. An early repayment option carries no cost if you give notice.
Insurance Premium Finance lets you pay the equipment insurance premium in instalments.
Eligibility
- Small and medium-sized enterprises, commercial businesses and corporate businesses can apply. You must have stable, verifiable income or cash flows and be able to repay the loan.
- You must meet Stanbic Bank Ghana’s credit requirements. Buy approved systems or vehicles from accredited engineering, procurement and construction (EPC) providers and approved suppliers.
- The financed panels, battery, inverter or vehicle serve as collateral: the asset secures your loan.
How to apply
- Status
- Open continuously
- Round restrictions
- Applications are assessed against the bank’s credit requirements.[^c5]
Contact Stanbic Bank Ghana about this product on 030 340 1210 or 030 340 9207 to start your application. The bank assesses your repayment capacity, credit eligibility and equipment supplier.