Finance group WesBank has extended its loan offerings beyond vehicle and ‘leisure’ financing and has now added residential solar loans to its products.
The group said that, depending on affordability level and credit score, customers can qualify for WesBank solar finance of between R65,000 and R500,000.
“Solar power has become increasingly desirable in South Africa to mitigate the increasing cost of electricity, to embrace sustainable living, and of course to escape the inconvenience caused by prolonged planned and unplanned power outages,” the group said.
The financier has been offering solar loans to businesses for some time and is now making it available for individual private customers.
The application, approval and contracting are all done digitally. To qualify, applicants must be listed as the registered owner of the property where the solar power solution will be installed.
A minimum 10% deposit is required, and the loan term can be structured from 12 months to a maximum of 72 months.
Interest rates can be fixed or linked.
The group said that it does not dictate which supplier clients can use, but it recommends selecting a reputable provider with a proven track record and installing equipment from recognised brands.
The granting of the loan is subject to the chosen supplier meeting its minimum criteria and the provision of required certifications after the installation, it said.
Read more...........>>>>>>
The group said that, depending on affordability level and credit score, customers can qualify for WesBank solar finance of between R65,000 and R500,000.
“Solar power has become increasingly desirable in South Africa to mitigate the increasing cost of electricity, to embrace sustainable living, and of course to escape the inconvenience caused by prolonged planned and unplanned power outages,” the group said.
The financier has been offering solar loans to businesses for some time and is now making it available for individual private customers.
The application, approval and contracting are all done digitally. To qualify, applicants must be listed as the registered owner of the property where the solar power solution will be installed.
A minimum 10% deposit is required, and the loan term can be structured from 12 months to a maximum of 72 months.
Interest rates can be fixed or linked.
The group said that it does not dictate which supplier clients can use, but it recommends selecting a reputable provider with a proven track record and installing equipment from recognised brands.
The granting of the loan is subject to the chosen supplier meeting its minimum criteria and the provision of required certifications after the installation, it said.
Read more...........>>>>>>
RSS Feed
