Tata Power Solar Systems, ICICI Bank Partner To Finance Solar Units

Tata Power Solar Systems Ltd (TPSSL) has signed an agreement with ICICI Bank to provide financing for solar units to residential and corporate customers. As part of the agreement, the customers can avail themselves of loans up to Rs 90 lakh with collateral-free options and tenure extending up to 5 years.

TPSSL collaboration with ICICI Bank

TPSSL announces its strategic collaboration with ICICI Bank to provide loans to finance the purchase of solar panels/ units for residential and corporate customers,” the company said in a statement.

Benefits

They can also get higher loans with collaterals with tenures of up to 20 years, said TPSSL, a wholly-owned subsidiary of Tata Power Renewable Energy Limited (TPREL).