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Solar Financing

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'Going Solar' more easier and affordable

Overview

All you need to do is direct your electricity bill payment to meet the facility installment for few years. You can then start enjoying free electricity and be satisfied on your contribution towards a greener planet.

Features & Benefits

Features & Benefits
  • Attractive financing rates
  • Financing from Rs. 100,000 to 3,500,000
  • Up to 75% financing
  • Up to 8 years financing

Documents Required

Documents Required
  • Quotation from Solar supplier
  • Copy of recent electricity bill
  • Income justification documents
  • Salary confirmation & assignment letter

With the increase in residential electricity tariff rates, investing in solar power is the ideal solution as it not only saves you money but also saves the planet. If you want value for money on your investment, this offer should not be ignored.

If your average electricity usage is 360 units per month, you will approximately receive a bill of Rs. 16,000. By switching to solar power with Amana Bank Solar Financing you can save as much as 33% of this monthly cost*. Further after completing all your monthly installments, you will enjoy close to zero electricity costs, savings nearly 100%. For a period of 20 years your savings will add up to a minimum of Rs. 2.8 million or more, considering the volatile electricity rates.Savings based on other units of electricity consumed are detailed below.

Savings based on other units of electricity consumed are detailed below.

Average units Per Month 360 480 600 960
Cost of solar power with tax *                                650,000 805,000 975,000 2,000,000

Your Average Electricity
Bill per month Rs.

12,164 17,564 22,694 39,164
Monthly Installement for
8 years (Based on fixed rate)
9,032.78 11,186.75 13,549.17 27,793.18
Savings per month 3,131.22 6,377.25 9,144.83 11,370.82
Saving per year 37,574.64 76,527.00 109,737.96 136,449.84
Savings per month 2,052,213.12 3,141,432.00 4,145,839.68 6,731,214.72

THIS CHART GIVES THE CUSTOMER AN ESTIMATED IDEA ON HOW MUCH MUST BE INCURED IN ORDER TO GET A SOLAR SYSTEM FIXED IN HIS/HER HOUSE. THE BANK WILL FINANCE UPTO 75% OF THE SOLAR POWER SYSTEM COST.

*This cost is subject to change from supplier to supplier.

Call us on 011 7 756 756 or visit your nearest branch for details

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