Credit Fair And Luminous Partner For Solar Energy Financing – EQ

In Short : Credit Fair collaborates with Luminous to provide financing options specifically tailored for solar energy ventures, facilitating easier access to funding for individuals and businesses looking to invest in renewable energy solutions.

In Detail : The partnership will provide solar solutions to middle-class consumers, offering financing with interest rates of 9 percent to 9.75 percent per annum

Fintech lender Credit Fair has partnered with Luminous Power Technologies to offer affordable solar financing for individuals, institutions, housing societies, and small/medium industries. This aligns with Credit Fair’s strategy to expand its presence within the solar energy market.

The partnership will provide solar solutions to middle-class consumers, offering financing with interest rates of 9 percent to 9.75 percent per annum. Credit Fair offers easy EMI options over seven years and pre-closure without extra charges. Retailers and commercial entities can access loans of up to Rs 50 lakh and Rs 2 crore, respectively.

This initiative contributes to India’s clean energy transition and provides cost savings for consumers and businesses.

Aditya Damani, Credit Fair CEO: “We are delighted to join hands with Luminous… Luminous… can significantly contribute to our rooftop solar drive…”

Amit Shukla, Senior VP & Business Head, Energy Solutions at Luminous: “Our collaboration with Credit Fair is very promising… We passionately innovate to make our customers’ life comfortable and efficient…”