27 Aug 2024
Tata Power Solar Systems Ltd. (TPSSL) has entered into an agreement with ICICI Bank to provide financing for solar units to both residential and corporate clients. As per the terms of the agreement, the customers have the opportunity to obtain loans of up to Rs 90 lakh with collateral-free options and tenure of up to five years.
They are also able to obtain higher loans with collateral with tenures of up to 20 years, according to TPSSL, a wholly-owned subsidiary of Tata Power Renewable Energy Limited.
The company released a statement announcing its strategic partnership with ICICI Bank to provide loans to finance the acquisition of solar panels and units for both residential and corporate customers. It said that the customers have the option to make a flexible down payment of 20–25 percent of the loan amount, facilitating the investment in solar energy.
leave your comment