New Delhi: TPSSL has inked a deal with ICICI Bank to offer financial support for solar units to residential and corporate clients. In the agreement, customers have the option to borrow up to Rs 90 lakh without providing collateral and with a repayment period of up to 5 years.
TPSSL, a wholly-owned subsidiary of TPREL, mentioned that individuals can also access larger loans with collaterals that have tenures of up to 20 years. In a statement, TPSSL revealed a new partnership with ICICI Bank to offer loans for buying solar panels/ units to both residential and corporate clients.
It was mentioned that customers have the option of flexible down payment at 20-25 percent of the loan amount, which makes it more convenient for them to invest in solar energy. TPREL, a subsidiary of Tata Power, specializes in developing renewable energy projects.
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