Tuesday, October 29, 2013: Customers will be able to purchase Borg Energy’s micro solar power plant under a solar finance scheme now. According to reports, the company is collaborating with Bajaj Finserv Lending and Shriram City Union Finance enabling customers take advantage of such an offer. With the two partners, the customers now have various different finance schemes to choose from.
In the finance schemes offered by Shriram City Union Finance, customers can opt for a maximum of Rs 5 lakh at an interest of 5.5 per cent per annum, with the EMIs valid for 12 months. Also, the interest will be 5.99 per cent if the EMIs are extended to 18 months. Through Bajaj Finserv, customers can take an amount of Rs 4.5 lakh, which will have to be repaid in 12 month EMIs at an interest of 6.5 per cent per annum.
“While banks and other financial institutions provide loans for purchase of cars and bikes, they should also include easy consumer finance options for the green energy sector under their priority loan scheme,” R. Sivakumar, chief operating officer, Borg Energy told the Times of India. Further, Sivakumar said that the lack of finance schemes often discourages customers from investing in the solar power products.
