Business Solar Loan
Re-energise your business with a loan that helps you access alternative energy solutions. This will keep your business operating optimally, giving you peace of mind
R
10000
Min solar loan amount
R
10 Mil
Max solar loan amount
R30000
Max battery back-up amount
(Resilience)
(Resilience)
12 to 60
Months to pay
Standard Bank is proud to be participating in the Energy Bounce-Back Loan Scheme announced by the President of the Republic of South Africa working in conjunction with the National Treasury and the South African Reserve Bank (the Scheme) and is offering finance to qualifying businesses who meet the Scheme eligibility criteria.
Some of the benefits
Uninterrupted workdays
Accessing funds to purchase a solar solution ensures your business runs smoothly and continues to grow
Ease of lending
Increased appetite to fund energy solutions driven by government support
Swift processing
A seamless application process that results in faster approvals and quicker payout
Competitive interest rate
Personalised interest rate linked to prime + 2.5%
How it works
- Funds are paid directly into your Standard Bank business current account for loans less than R500 000
- Loans over R500 000 will be paid directly to the supplier
- Prime linked capital and interest repayments over term of loan
- Flexible term structure of 12 to 60 months
- Limited to 1 Business Solar Loan per legal entity
The terms and conditions of the Business Solar Loan will be tailored to your business needs and subject to the necessary credit and compliance checks.
What you get
- Business Solar Loan solution that helps you access alternative energy solutions, ensuring your business operates optimally
- Access to PowerPulse – a platform that helps you locate a Standard Bank preferred solar supplier
and that educates business owners on various solar offerings
- Repay your loan between 12 to 60 months
What we finance
- Resilience Loan up to R30 000, includes:
- Uninterrupted power supply systems
- Battery back-up systems - as well as invertors and sundries (excluding generation capacity)
- Solar PV systems, Loans from R10 000 to R10 million:
- Grid-tied: Utility connection + solar
- Hybrid: Utility connection + solar + battery storage
- Off grid: No utility connection (solar + battery storage)
What it costs
- Once-off initiation fee
- Monthly service fee
- Personalised interest rate linked to Prime
- Monthly repayment made via debit order
- No early settlement fee
How to apply
If you are an existing business client:
- Click on Apply Now to proceed with the Business Solar Loan application; or
- Contact your Relationship Manager
If you are new to Standard Bank:
- You’ll need to have a trading history of 2 years or more
- Funds will only be paid into your business current account or directly to supplier (dependent on loan amount)
- Debit order will be deducted from your business current account
- Click on Apply Now to proceed with the Business Solar Loan application
-
How it works
-
What you get
-
What we finance
-
What it costs
-
How to apply
- Funds are paid directly into your Standard Bank business current account for loans less than R500 000
- Loans over R500 000 will be paid directly to the supplier
- Prime linked capital and interest repayments over term of loan
- Flexible term structure of 12 to 60 months
- Limited to 1 Business Solar Loan per legal entity
The terms and conditions of the Business Solar Loan will be tailored to your business needs and subject to the necessary credit and compliance checks.
- Business Solar Loan solution that helps you access alternative energy solutions, ensuring your business operates optimally
- Access to PowerPulse – a platform that helps you locate a Standard Bank preferred solar supplier
and that educates business owners on various solar offerings
- Repay your loan between 12 to 60 months
- Resilience Loan up to R30 000, includes:
- Uninterrupted power supply systems
- Battery back-up systems - as well as invertors and sundries (excluding generation capacity)
- Solar PV systems, Loans from R10 000 to R10 million:
- Grid-tied: Utility connection + solar
- Hybrid: Utility connection + solar + battery storage
- Off grid: No utility connection (solar + battery storage)
- Once-off initiation fee
- Monthly service fee
- Personalised interest rate linked to Prime
- Monthly repayment made via debit order
- No early settlement fee
If you are an existing business client:
- Click on Apply Now to proceed with the Business Solar Loan application; or
- Contact your Relationship Manager
If you are new to Standard Bank:
- You’ll need to have a trading history of 2 years or more
- Funds will only be paid into your business current account or directly to supplier (dependent on loan amount)
- Debit order will be deducted from your business current account
- Click on Apply Now to proceed with the Business Solar Loan application
Have any questions?
Our Business Solar Loan offering will provide business owners access to credit to enable you to start your solar journey. Ensure you have all the information you need before you begin.
We also offer
MyMoBiz Account
Simple affordable banking for small businesses. Get everything you need to run your business with MyMoBiz. Manage your finances on the go and get dedicated support from a team of business bankers. Apply for your business account today and set your business up for success.
Small Business Insurance
We’ll protect your business from unexpected events, so you can focus on growing a solid business. Get flexible business insurance from brokers who specialize in your sector. Enjoy fast and friendly service whenever you need it with a product that can change effortlessly with your evolving Business’s need.
Business Term Loan
Are you looking for a business loan that caters to your cash flow needs whilst ensuring your repayment term remains consistent? The Business Term Loan is the perfect solution for you.