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Credit Fair, a prominent fintech lender, collaborates with Luminous Power Technologies to offer cost-effective solar financing options in India. Through this partnership, individuals, institutions, and industries can access affordable solar solutions, contributing to the country’s clean energy transition.
Credit Fair has joined forces with Luminous Power Technologies, a leading energy solutions provider, to facilitate affordable solar financing options for various entities in India. This collaboration aims to make clean energy systems more accessible to individuals, trust-run institutions, housing societies, and small to medium industries.
As part of its solar energy market strategy, Credit Fair will provide comprehensive solar solutions coupled with financial assistance at attractive interest rates ranging from 9% to 9.75% per annum. The financing process will be streamlined, offering faster approvals, simplified procedures, and fully digital solutions. Customers can benefit from easy EMI options extending up to seven years, with the flexibility to pre-close loans without additional charges.
Retailers and commercial players alike can access loans up to Rs 50 lakh and Rs 2 crore, respectively, for rooftop solar installations. By making solar solutions financially feasible for a wide segment of the population, Credit Fair aims to accelerate India’s transition towards clean energy while helping individuals and businesses save on electricity expenses and generate additional revenue by supplying excess green power to distribution companies.
Credit Fair CEO, Aditya Damani, expressed his enthusiasm about the partnership, highlighting Luminous’s expertise in energy and solar solutions. He emphasized the significance of this collaboration in driving solar energy adoption in India and contributing to the nation’s energy security, economic growth, and renewable energy targets.
Amit Shukla, Senior VP & Business Head, Energy Solutions at Luminous Power Technologies, emphasized the company’s commitment to innovation and providing smart energy solutions. He noted that the collaboration with Credit Fair aligns with Luminous’s mission to enhance customers’ lives, improve living standards, and promote energy efficiency in homes and businesses.
This partnership underscores both companies’ dedication to innovation and sustainability, paving the way for a brighter, greener future in India’s energy landscape. |
