In support of sustainable energy and eco-friendly products, Bank of Ceylon introduces a special loan scheme for the purchase of solar power systems, biogas units and, electric cycles and motorcycles.
To Purchase Solar Power Systems
- Maximum loan amount
For Residential
75% of total cost or Rs. 3.0 Mn., whichever is less
Rate of Interest : 15.5% p.a.
For Commercial
75% of total cost or loan amount, whichever is less
Rate of Interest :
Up to Rs. 5.0Mn - 15.5% p.a.
From Rs. 5.0Mn to Rs. 10.0 Mn - 16.0% p.a.
From Rs. 10.0Mn to Rs. 50.0 Mn - 17.5% p.a.
From Rs. 50.00Mn to Rs. 100.0 Mn - Quarterly AWPLR, floor rate 17.5% p.a. - Maximum repayment period: 7 years
To purchase Hybrid Invertor & Battery
- Maximum loan amount
For Residential - 75% of total cost or Rs. 1.5 Mn., whichever is less
For Commercial - credit facilities could be considered subject to a maximum of 75% of the total cost - Maximum repayment period : 5 years
To Purchase Electric Bicycles
- Maximum loan amount
70% of total cost or Rs. 400,000/- whichever is less - Maximum repayment period: 2 years
To Purchase Electric Motor Bicycles
- Maximum loan amount
70% of total cost or Rs. 1,000,000/- whichever is less - Maximum Repayment Period: 5 years
To Install a Bio Gas Unit
- Maximum Loan amount
For Residential - 75% of total cost or Rs. 150,000/- whichever is less
For Commercial - Credit facilities could be considered subject to a maximum of 75% of the total cost - Maximum Repayment Period: 2 years
Eligibility
Any individual resident in Sri Lanka and businesses duly registered in Sri Lanka, with a proven income/repayment capacity and capable to fulfill other legal and regulatory requirements.