Tata Power Solar Systems Ltd (TPSSL), a subsidiary owned by Tata Power Renewable Energy Limited (TPREL) has made a partnership with ICICI Bank to provide financing options for solar units to both residential and corporate customers.
Under the agreement, customers can take a loan of up to 90 lakh without any collateral. Repayments can be extended to 5 years.
TPSSL has announced its strategic partnership with ICICI Bank to give loans to residential and corporate customers who are interested in purchasing solar panels/ units.
Customers can choose from collateral-backed loans with repayment terms to extend for a longer period of up to 20 years for larger loan amounts.
TPREL is a subsidiary of Tata Power who is an important player in the renewable energy sector, especially in making solar energy more convenient. Customers have access to flexible down payment starting at 20-25%.
These options aim to improve clarity while highlighting TPREL’s role and the benefit of flexible down payments for customers.
Source :
- https://www.ptinews.com/story/business/tata-power-solar-systems-icici-bank-tie-up-to-finance-solar-units/1760821
- https://timesofindia.indiatimes.com/business/india-business/tata-power-solar-systems-partners-with-icici-bank-to-offer-financing-solutions-for-solar-units/articleshow/112737584.cms
- https://energy.economictimes.indiatimes.com/news/renewable/tata-power-solar-systems-icici-bank-tie-up-to-finance-solar-units/112736560
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