Solar Loans

Easing access to electricity

PostBank Uganda, in partnership with Rural Electrification Agency (REA) and other partners has put in place the solar loan which provides a financing mechanism for acquiring Solar Power

Benefits

  • Flexible repayment period of up to 36 months
  • Individuals will only pay up to 70% of the cost of the solar system. 30% will be paid by Rural Electrification Agency (R.E.A)
  • QUICK loan processing time
  • Competitive interest rates
  • No penalty charged on early payments
  • Guarantee on the system (Batteries & panel).

Basic requirements

  • Customer must have PostBank account
  • Proof of source of income or letter from employer
  • Customer must be a permanent resident
  • Letter of recommendation from LC1
  • Valid identification
  • Cash deposit of 20% of the cost of the loan
Translate »