Solar Loan
Make the switch to solar and get financing that covers your solar system and installation. Take advantage of flexible repayment terms and a personalised interest rate of up to prime plus 2.5%.
R
8 000
Minimum monthly income
R
300 000
Maximum loan amount
12 to 60
Months to repay
Prime + 2.5%
Maximum interest rate
*
*T&Cs apply
What our Solar Loan can do for you
Full system financing
Finance your solar system and installation costs
Low interest rates
Personalised interest rates of up to prime plus 2.5%*
Flexible repayments
Choose a repayment term that best suits your budget
Specialised solar support
Speak to our Looksee specialists about the best solar system for your needs
How it works
- You'll need a quote or invoice from your trusted installer for your loan application. You can also get a quote and free consultation with a solar specialist on LookSee.
- If your loan is approved, the funds will be paid into your bank account on the same day. If you don’t bank with us, the funds will be paid the following day
- No penalty or early termination fees will be charged should you choose to settle your loan early
- Insure your loan against disability, dread disease, retrenchment or death
What it costs
- Personalised interest rate of up to prime plus 2.5%
- Monthly service fee: R69
- Once-off initiation fee: Up to R1 207.50 (including VAT) depending on your loan amount
How to get it
You can apply for a Solar Loan online by visiting LookSee, speaking to your banker, or by visiting your nearest branch.
What you’ll need:
- A quote or invoice no older than 30 days. You can get a quote on LookSee from one of our vetted suppliers or use a quote or invoice from your trusted supplier
- You must be 18 years or older and have a valid South African ID or Smart ID Card
- Proof of residence no older than 3 months
- Latest 3 months’ bank statements if you don’t bank with Standard Bank
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How it works
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What it costs
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How to get it
- You'll need a quote or invoice from your trusted installer for your loan application. You can also get a quote and free consultation with a solar specialist on LookSee.
- If your loan is approved, the funds will be paid into your bank account on the same day. If you don’t bank with us, the funds will be paid the following day
- No penalty or early termination fees will be charged should you choose to settle your loan early
- Insure your loan against disability, dread disease, retrenchment or death
- Personalised interest rate of up to prime plus 2.5%
- Monthly service fee: R69
- Once-off initiation fee: Up to R1 207.50 (including VAT) depending on your loan amount
You can apply for a Solar Loan online by visiting LookSee, speaking to your banker, or by visiting your nearest branch.
What you’ll need:
- A quote or invoice no older than 30 days. You can get a quote on LookSee from one of our vetted suppliers or use a quote or invoice from your trusted supplier
- You must be 18 years or older and have a valid South African ID or Smart ID Card
- Proof of residence no older than 3 months
- Latest 3 months’ bank statements if you don’t bank with Standard Bank
Frequently asked questions about our Solar Loan
Who can apply for a Solar Loan?
You can apply for a loan if you own your property or have permission from the property owner to install a solar energy solution.
Do I have to be a Standard Bank account holder?
No, the loan is open to everyone who meets the loan requirements, regardless of where they bank.
How much can I borrow with a Solar Loan?
Our solar financing offers personalised interest rates of up to a maximum of prime plus 2.5%.
What is the repayment term?
You can choose a repayment period to suit your budget, ranging from 12 months up to a maximum of 60 months.
What can I finance?
The loan is limited to the financing of a solar system which includes the installation of solar panels on your rooftop.
You can use your Solar Loan to cover the costs of the solar system as well as installation fees.
Where can I apply for a Solar Loan?
You can apply for a solar system loan by visiting your nearest branch or our home efficiency platform, LookSee.