Luminous and SBI Join Forces for Solar Financing

Luminous Power Technologies has partnered with the State Bank of India to offer financing solutions for solar installations. Loans up to Rs 10 crore will be provided, with reduced fees and special interest rates. This initiative aims to support MSMEs, corporates, and industrial customers in adopting sustainable energy.

Luminous Power Technologies has formed a strategic partnership with the State Bank of India to enhance solar financing opportunities across the nation. Announced on Thursday, this collaboration will enable eligible customers to access loans of up to Rs 10 crore, removing financial hurdles to solar energy adoption.

The agreement includes reduced loan processing fees and special interest rates, presenting an attractive financial package for those seeking sustainable solutions. The loans are available for a term of up to 10 years, with interest rates determined by customer credit profiles.

Luminous CEO & MD Preeti Bajaj highlighted the initiative's focus on aiding MSMEs, corporates, and industrial sectors with end-to-end solar installation and service support, facilitating their transition to cleaner energy sources.

(With inputs from agencies.)