Energy Loan
Borrow for solar, backup power and energy-saving water heating at your home, whether you own the property or have the owner’s permission.
Denne finansieringsmuligheten er foreløpig beskrevet på engelsk.
Finance solar systems, battery backup, smart geysers, heat pumps or solar geysers, including installation costs. The loan cannot pay for new kitchens, home appliances, gas stoves or ovens, or pool heating equipment.
You can borrow R3,000 to R300,000, subject to approval, and repay over 12 to 72 months. Interest is personalised, with a maximum of the bank’s prime lending rate plus 6.5 percentage points. You also pay a R69 monthly service fee and a once-off initiation fee of up to R1,207.50 including VAT, depending on the loan amount.
After approval, Standard Bank pays the loan into your bank account so you can pay the installer. Its stated payment timing is the same day for Standard Bank customers or the following day for other-bank customers, subject to terms. You can settle the loan early without a penalty or early termination fee.
Eligibility
- You must be at least 18, have a valid South African ID or Smart ID Card, and earn at least R8,000 a month.
- You must own the property or have the owner’s permission to install the energy solution. You can apply even if you bank elsewhere.
- Your requested loan must match the value of the installer’s quote or invoice. That document must be no older than 30 days and can come from LookSee or your own trusted supplier.
- Provide proof of residence no older than three months. If you do not bank with Standard Bank, also provide your latest three months of bank statements.
- The application involves a credit check. You must confirm that you are not insolvent, under debt review or applying for it, under administration, or under sequestration.
How to apply
- Status
- Løpende søknader
- Vilkår for søknadsrunden
- Applications are subject to a credit check and approval.
Get a detailed installer quote or invoice, then apply through the LookSee Energy Loan form. Enter your contact details, ID number, gross monthly income and expenses; the next step runs a credit check. The bank’s loan quote is valid for seven days.
Once approved, use the funds to pay your installer’s deposit and schedule installation. Repay the loan over your chosen term, with interest and the stated fees.