Solar loan
Borrow for a solar system from a bank-approved supplier if you are a permanent employee in Sri Lanka earning at least Rs.200,000 net per month.
Beskrivningen av den här finansieringen finns för närvarande på engelska.
The bank can consider a loan of up to 100% of the solar system’s invoice or quotation value. The supplier or merchant must be acceptable to Seylan Bank.
You must repay the loan. Seylan takes a mortgage over the solar equipment as security and requires your salary to be paid into a Seylan account throughout the loan. Net payments from the solar supply must also pass through that account.
A Loan Protection Insurance premium applies. Paying off all or part of the loan early attracts an early-settlement fee.
Eligibility
- You must be a Sri Lankan resident employed by a local company or a locally based branch of a foreign company. You must be aged 20–60 and settle the loan by retirement age.
- You must be a permanent, confirmed employee with at least 12 months of service, including probation, and a minimum monthly net salary of Rs.200,000.
- Your Credit Information Bureau (CRIB) record must be 100% clear. Your employer must be on the bank’s approved list, or you must be a professional registered with a professional body approved by the bank.
- The electricity bill or connection must be in your name. The bank requires a copy of your agreement with CEB/LECO, the electricity connection provider, alongside its security documents.
- Assigning your salary to the bank is compulsory, and your monthly salary must go into your Seylan account for the whole loan term.
How to apply
- Status
- Öppet löpande
- Villkor för ansökningsomgången
- Contact a Seylan Bank branch or the solar-loan telephone route to apply.[^c9][^c10]
Contact a Seylan Bank branch or call 011 200 88 88 through the solar-loan page. You do not need an existing relationship with the bank.
The incorporated Personal Loan requirements include a signed application, your National Identity Card copy (or a driving licence carrying its number), your employer’s salary/employment confirmation, your last three months’ salary slips and salary-credited bank statements, and an electricity or water bill as address proof. Professionals must provide evidence of their qualifications. You also need a signed Loan Protection Cover insurance application and an employer letter undertaking to send your monthly salary or instalment directly to the bank.
After installation, the solar supplier must provide the CEB/LECO Connection Confirmation Certificate together with your confirmation of installation. Seylan releases the loan only after it receives the connection confirmation certificate and insurance.