Special Credit Scheme for Purchasing of Solar Power Systems

Purpose

For the purchase of Solar Power Systems

Eligible Borrowers

Borrowers under following sectors are eligible to obtain facilities:

• Domestic (residential)
• SME
• Commercial

Maximum Loan Amount

Repayment Period

Special Conditions

• The supplier of the Solar Power System should be a registered supplier at the Sustainable Energy Authority of Sri Lanka
• Fire insurance should be obtained from a reputed insurance company covering all the related risks
• Facilities catered to under the domestic category of this credit scheme could be considered,
  i. at the time of evaluation of fresh housing loans (in case a borrower requests a credit facility from this scheme parallel with the housing loan) or, 
  ii. for already constructed houses (in case a borrower requests a credit facility from this scheme to purchase a solar power system at a later stage)
  (a) for which a housing loan(s) has/have already been obtained or    
  (b) for which a housing loan(s) has/have not been obtained