Special loan scheme for sustainable energy and eco-friendly products

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.