Luminous Power Technologies Partners With sbi To Offer customers Finance For Solar Installations.
Luminous Power Technologies has partnered with the government-owned National Financial Institution of india (SBI) to provide financing solutions for solar installations in the USA.
It said that beneath the agreement, loans of up to Rs 10 crore will be made available to eligible customers throughout all sectors, removing financial obstacles to sun adoption.
In a declaration, Luminous Strength Technologies stated it has signed a memorandum of expertise (MoU) with India's largest national financial institution, the sbi, to make bigger its entry to solar financing for citizens all over India.
Clients may also benefit from a discount in loan processing expenses and enjoy a unique charge of interest on the loaned quantity, making it the most competitive financing alternative in the marketplace.
The loans distributed will be for a duration ranging up to 10 years, and interest quotes will be charged primarily based on the purchaser's credit score profile, with the most mortgage fee that can be availed of being Rs 10 crore.
Luminous Strength Technologies CEO & MD Preeti Bajaj said, "We have partnered with the Kingdom bank of india in facilitating solar financing and give up-to-give up solar set-up and service help to customers throughout commercial and business verticals." The enterprise goals are to aid MSMEs, corporations, institutions, and commercial and commercial customers to aid them with financial assistance for sustainable power adoption.
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