BORG Energy as announced a tie-up with Shriram City Union Finance and Bajaj
FinSERV Lending to enable customers to avail loans on purchase of BORG’s ASTRA
micro solar power plant under the BORG Solar Finance Scheme.
BORG Energy has associated with Shriram City Union Finance to provide this
facility in Tamil Nadu and Pondicherry and has entered into a similar tie-up
with Bajaj FinSERV Lending to offer this facility in Chennai, Coimbatore and Madurai.
Under this tie-up, the financial institutions would provide loans for
customers. This means no full upfront investment for the purchase of BORG PV
System.
Shriram City Union Finance will offer a maximum loan amount of Rs. 5 lakh
for residential users at an interest rate of 5.50% per annum for a 12 month EMI
scheme, and an interest of 5.99% annum for an 18 month EMI scheme.
Bajaj FinSERV Lending will offer a maximum amount of Rs. 4.5 lakh at an
interest rate of 6.5% per annum for a 12 month EMI scheme.
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