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Solar Finance

Zanaco offers finance leases to its retail customers for solar equipment ranging from inverters, batteries, solar panels and accompanying accessories, including other alternative energy solutions. ​

FEATURES
  • Minimum Tenor – 6 months
  • Maximum Tenor
  • 72 months for Retail clients
  • 60 months for Business clients
  • Funding for new assets only and limited deal size of:
    • K200,000.00 for Retail clients
    • K3,000,000.00 for Business clients
  • Deposit Requirements
    • No deposit for Retail clients
    • Minimum of 20% deposit for Business clients
  • Insurance with flexible payment plans is available
  • Variable interest rates subject to the Bank’s prevailing margins and BOZ policy rate.
REQUIREMENTS
  • Copy of NRC
  • 3 latest pay slips / Valid proof of income
  • Driver’s Licence for Vehicle Finance
  • Duly completed application
  • Letter from Employer confirming employment status and how long one has worked for the institution
  • Proof of residential address
  • An existing Zanaco Account
  • Applicant must be aged over 18 years
  • Quotation from supplier – you can choose from a pre-approved list of suppliers spread across the country that Zanaco has partnered with.
  • Each applicant’s maximum amount is subject to 40% Debt Service Ratio.

Zanaco offers finance leases to its Business and Corporate customers for purposes of acquiring solar equipment ranging from inverters, batteries, solar panels and accompanying accessories, including other alternative energy solutions.

Visit your nearest branch, reach out to your Relationship Manager or email our Vehicle and Asset Financing team directly.

FEATURES

• Insurance is required
• Maximum amount of K3m for Business clients
• An initial deposit of 20% for Business clients
• Maximum tenor of 60 months for Business clients
• Only brand-new assets are to be financed

WHO CAN APPLY

A Business client with a proven track record

REQUIREMENTS

• 3 years past audited financials
• Latest Management accounts
• Cash ow forecast for the period of the facility
• Application letter
• Quotation from supplier
• Latest Pacra Printout
• Tax clearance certificate
• Organogram/Business profile
• Contracts (where applicable)
• Any other information you feel may support the deal