Empowering kandy with solar technology
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Lanka Electricity Company Limited(LECO) is introducing new solar loan schemes which will be offered only for LECO consumers where they can acquire loans up to Rs. 1, 000,000. These loans can be paid back through the consumer's LECO electricity bill without going through any inconveniences.
All the LECO domestic consumers whose present average monthly electricity bill exceeds Rs. 3000 limit or expect to be exceeded in the future will be eligible for this limited time facility. This scheme will be active for a limited time period of 6 months and funds will be provided only for the first 2000 customers.
This loan is for LECO consumers ONLY. (CEB consumers are not be eligible.)
Maximum loan amount = Rs. 1, 000,000 (1 Million)
Interest rate = 8%
No need of guarantors.
Payback period = 7 years through monthly LECO electricity bill.
If the loan amount is less than Rs.500,000, 90% will be paid under loan, the rest by the customer
If the loan amount is less than Rs.1,000,000, 75% will be paid under loan, the rest by the customer.
If the loan amount is Rs.1,000,000, more than 25% should be paid by the customer and the rest will be paid under loan.