Tata Power Solar Systems Ltd on Tuesday announced the renewal and expansion of its partnership with Union Bank of India to offer financing solutions for residential and Commercial and Industrial customers. Both the categories will have access to collateral-free financing options, making the transition to solar energy more accessible, Tata Power Solar Systems Ltd (TPSSL) said in a statement.
This renewed three-year agreement with Union Bank of India (UBI) includes both residential and Commercial and Industrial (C&I) segments compared to the earlier one which focused only on the C&I segment. “With loan limits extended up to Rs 15 lakh for Residential and Rs 16 crore for C&I customers, the renewed scheme plans to provide financing up to 80 per cent and 85 per cent for the respective categories.
