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 loan amount, whichever is less
        Rate of Interest : 
            Up to Rs. 3.0Mn                             - 12.00%  p.a.
             From Rs. 3.0Mn to Rs. 5.0 Mn       - 12.50%  p.a.
    For Commercial
    75% of total cost or loan amount, whichever is less
        Rate of Interest : 
            Up to Rs. 5.0Mn                               - 13.00%  p.a.
             From Rs. 5.0Mn to Rs. 10.0 Mn       - 13.50%  p.a.
             From Rs. 10.0Mn to Rs. 50.0 Mn     - 13.75%  p.a.
             From Rs. 50.00Mn to Rs. 100.0 Mn - Quarterly AWPLR, floor rate 14.00% p.a. 
  • 85% of the total cost could be considered as loan amount, for the installation capacity below 5KW
  • 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.

Special loan scheme for sustainable energy and eco-friendly products

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