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, electric cycles and motorcycles.
Purpose
To Purchase Solar Power Systems
- Maximum loan amount
For Residential - 75% of total cost or Rs. 3.0 Mn., whichever is less - Maximum repayment period: 7 years
To purchase hybrid inverter & battery
- Maximum loan amount
For Residential - 75% of total cost or Rs. 1.5 Mn., whichever is less - Maximum repayment period: 5 years
To Purchase Electric Bicycles
- Maximum loan amount
70% of the total cost or Rs. 400,000/- whichever is less - Maximum repayment period: 2 years
To Purchase Electric Motor Bicycles
- Maximum loan amount
70% of the 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 - 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.
