Switch to Solar Power Today with Purpose-Driven Financing Options.

OUR FINANCIAL PARTNERS

FNB Offers client FNB offers loans specifically tailored for solar panel installation, allowing you to borrow up to R300,000 at a reduced interest rate at prime +1%.

The financial channel company that provides a digital platform for purpose-based lending.

FNB APPLICATION PROCESS

By following these steps, you can access discounted solar loans with favourable repayment terms through FNB, helping you finance your solar energy project efficiently and sustainably.

APPLICATION PROCESS:

  1. Obtain a quote or invoice from your chosen solar installer. This quote must cover the cost of the solar installation and power generation, not just for batteries and inverters.
  2. Apply for a personal loan from FNB, ensuring that the loan amount matches the quote or invoice from your solar installer.
  3. If your loan application is approved, the funds will be deposited directly into your bank account.
  4. loan agreement will follow standard personal loan terms and pricing.

LOWER INTEREST RATE BENEFIT

  1. enjoy a lower interest rate, you need to follow these steps:
    1. the FNB App and navigate to ‘nav» Energy’.
    2. ‘Finance solutions’ and then ‘Personal loan solutions’.
  • ‘Personal loan with solar benefit’.
  1. Approve the Solar Energy Benefit Terms and Conditions.
  2. the required documents, which include the original invoice or quote from an accredited supplier/installer and proof of deposit to the supplier (at least 25%).
  1. The uploaded documents will be validated before your interest rate is adjusted*         

VIDEO TUTORIAL:

A video tutorial to guide you through the process of applying for a personal loan via the FNB app. 

SWITCHPAY APPLICATION PROCESS

The financial channel company that provides a digital platform for purpose-based lending.

SWITCHPAY'S FINANCIAL INSTITUTIONS:

Finance Applicants between R10 001 - R50 000 will be done through E-FIN

Finance Applicants between R50 001 to R300 000 is done via Capitec.

EASY APPLICATION PROCESS:

FLEXIBLE FINANCE TERM

Finance periods between 12 – 72 months are available.  

CUSTOMIZED INTEREST RATES

The third-party financial institution will offer an interest rate between 18.5% and 28%, depending on the your credit rating.

APPLICANT CRITERIA

  • Permanently Employed.
  • Sound credit history
  • Hard ITC check is done on applicant.
  • The finance institution may request additional supporting documents.

TERMS AND CONDITIONS:

  1. Subject to Credit Approval: All applications are subject to credit vetting and approval by a third-party finance company.

  2. Advertised Estimate Repayment: The advertised estimate repayment is based on an 18.5% interest rate over a 60-month period, with installations conducted in Gauteng.

  3. Confirmation of Monthly Instalment: The actual monthly installment will be confirmed by the finance company upon approval of your application.

  4. Additional Document Requirements: The financial institution may request additional documents during the application process.

  5. Pre-Approval Disclaimer: The term “Pre-Approval” provided by Switch Pay is only an estimate. The final interest rate and period will be confirmed by the financial institution only after final approval.

  6. Installation Date Confirmation: The installation date of your system (if applicable) will only be confirmed after final approval is received from the financial institution.

  7. Availability and Scheduling: The installation date is subject to the availability of stock and installation teams.

  8. Additional Terms from Switch Pay: Further terms and conditions apply from Switch Pay: Switchpay-_-Terms-of-Use