SBM Ecoloan is a financing solution for the acquisition and installation of ‘energy efficient’ and ‘renewable energy’ equipment such as for the harnessing of aeolian, hydro, cogeneration, waves and solar energy. SBM Ecoloan is also geared towards other projects that contribute to reducing pollution, protecting natural resources and other environmentally friendly initiatives.
SBM Ecoloan also includes the financing of photovoltaic and wind systems for the production of electricity for your own consumption or to export to the national grid of the Central Electricity Board (CEB) under the new SSDG Net-Metering Scheme.
- Minimum loan amount is Rs 100,000
- 100% financing of the acquisition and installation costs (including VAT)
- Repayment period up to 10 years
- Competitive interest rates as from SBM PLR minus 0.71% p.a. under the new SSDG Net-Metering Scheme.
- Save money on utility bills and export excess production to the grid of the Central Electricity Board
- Contribute to protect the environment for the benefit of future generations and improve your environmental footprint
Who can apply for this financing?
- Salaried customers
- self-employed professionals