Solar Panel Loan
| Solar Panel Loan Details | |
|---|---|
| Loanable Amount | Based on amount financed (Suggested retail price + others) |
| Interest Rate | 1.5% per month (Diminishing) |
| Loan Term | Maximum of 36 months (3 years) |
| Collateral | Solar Panel |
| In Case of Default | Unit will be repossessed upon default in payment |
| Processing Time | Depends on the completion of requirements and approval |
| Eligibility Requirements |
At least ₱1,000 in savings At least ₱1,700 in share capital |
| Insurable Age | Up to 69 years old |
| Cash-Out | 20% downpayment (will be less on the SRP) |