Purpose

For the purchase of Solar Power Systems

Eligibility

Domestic (residential) borrowers

Maximum Loan Amount

  • 75% of the total cost of the Solar Power System
  • Subject to a maximum of Rs. 1.5 Mn.

Repayment Period

  • 7 years    
  • However, a maximum period of 10 years can be considered for facilities granted to housing loan customers of Bank of Ceylon (existing and new) based on the remaining period of the housing loan as follows,
    If the remaining period of the housing loan is 
    » equal to or more than 10 years – 10 years
    » less than 10 years – the remaining period of the housing loan or 7 years, whichever is higher
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

How can we help YOU?

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