Seylan Bank, Hayleys Solar join to empower customers

Seylan Bank has announced a partnership with Hayleys Solar, the country’s premier Solar Engineering, Procurement and Construction (EPC) company.

This collaboration aims to revolutionise access to sustainable energy solutions by offering customers an exclusive 10% discount on Hayleys Solar systems when financed through Seylan Bank’s Solar Loan.

With the ever-increasing costs of electricity posing a challenge to households and businesses alike, this partnership underscores a commitment to providing accessible and affordable renewable energy solutions. Through the synergies between Seylan Bank’s financial expertise and Hayleys Solar’s industry-leading technology, customers can now embark on their journey towards energy independence with greater ease and affordability.

The Solar Loan Facility, tailored for permanent employees earning a net salary of Rs. 200,000 and above, offers flexible repayment options spanning from 1 to 7 years. With interest rates substantially lower than conventional personal loans, customers can take advantage of competitive rates, starting at 11.5% for tenures ranging from 1 to 3 years and 12% for tenures of 4 to 5 years.

The solar system itself serves as security against the loan, eliminating the need for additional collateral. Additionally, customers can expect quick loan approval within two days, ensuring a seamless process from application to installation. Moreover, customers availing of the Solar Loan Facility are eligible for income tax relief, further enhancing the financial benefits of transitioning to solar energy.

Seylan Bank Deputy General Manager Retail Banking Eugene Seneviratne said; “Through our collaboration with Hayleys Solar, we have made sustainable home energy generation more accessible. While the benefits of solar power are clear for both the environment and savings on electricity bills, the high setup costs have been a barrier for many homeowners. This Solar Loan facility will empower eco-conscious homeowners to embrace solar energy and embark on a journey of financial independence.”

“We are optimistic about this partnership with Seylan Bank to promote renewable energy adoption in Sri Lanka. At Hayleys Solar, we are committed to providing innovative and sustainable energy solutions to meet the diverse needs of our customers. This partnership not only enhances accessibility to our high-quality solar systems but also reinforces our shared vision of a greener and more sustainable future for Sri Lanka,” stated Hayleys Solar Officials.

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