HOW DOES COLLATERAL FREE LOAN WORKS?

A Solar Loan works much like any other loan. Our trust lender lends you the money you need to pay for your home’s solar panel installation, and you pay it off over time. A Solar Loan can help you take advantage of the benefits of ownership, like tax credits and other incentives, without paying the entire cost of a solar energy system upfront.

• Collateral Free Solar Loan (Personal Guarantee not required)
• Loan Tenure: 12 Months- 60 months
• Interest Rate: 14%-16% (Based on Customer Credit History)
• Down Payment: 30% of the Project Cost
• Easy EMI Options
• Guaranteed return on investment (ROI) within 3-5 years from the day of investment, hence customers can have free electricity for another 20-22 years.

Terms & Conditions:

• This offer is made  to the customers of BFSL who are residents of India shopping on Refex Renewables / SILRES Energy Solutions Pvt. Ltd.  mobile app, using a valid Bank of Baroda Credit Card.
• The Offer is valid from 00:00:00 of June 5 th till  23:59:59 hrs of 31 st Dec 2021.

KEY OFFER DETAILS

• 10% off up to Rs 10,000 for Refex Renewables customers who pay via BOB card and choose the EMI option on the payment gateway.
• Maximum discount per Credit Card – Rs. 10,000 per project, on minimum purchase of  Rs 30,000.
• Each Cardholder can avail a maximum discount of INR 10,000 (Indian Rupees –ten thousand only) per Card under this Offer, per project  on EMI transactions during the Offer Period.
• Applicable on all Retail Bank Of Baroda Credit Cards
• Not applicable on Corporate/Business Cards.
• The Offer will be applied at the time of checkout.
• This Offer is applicable on transactions made through EMI.
• Offer is not applicable on normal transactions, on Internet Banking, Card/Cash-on-delivery transactions and on Gift Wrap or premium delivery charges.
• BFSL, reserves the right to disqualify the Cardholder(s) from the benefits of the Offer, if any fraudulent activity is identified as being carried out for the purpose of availing the benefits under the said Offer or otherwise by use of the Card.
• All complaints, claims, disputes, concerns, issues, etc., regarding the offer and discount should be taken up directly with Refex Renewables / SILRES Energy Solutions Pvt. Ltd. BFSL shall in no manner be responsible for the same.
• Cardholders are not bound in any way to participate in this Offer. Any participation is voluntary and the Offer is being made purely on a best effort basis.
• The discount is non-transferable, non-exchangeable and non-cashable.
• This offer cannot be clubbed with any other offer of Refex Renewables / SILRES Energy Solutions Pvt. Ltd. Neither the Offer nor cashback under this Offer can be assigned or transferred to any other person.
• BFSL and Refex Renewables / SILRES Energy Solutions Pvt. Ltd. reserve the right to extend, withdraw or terminate this Offer without prior notice, without assigning any reasons and without any liability towards any person. Further, BFSL and Refex Renewables / SILRES Energy Solutions Pvt. Ltd. reserve the right to add, amend or replace all or any of the terms of this Offer, whether similar to this Offer or not, without prior notice and from time to time, without assigning any reasons.
• The Offer is valid on INR transactions (transactions in Indian Rupees) only and for Indian citizens only.
• In the event of any misuse or abuse of Offer by the Customer, BFSL reserves the right to deny the Offer or Refex Renewables / SILRES Energy Solutions Pvt. Ltd. reserves the right to cancel the order.
• BFSL and Refex Renewables / SILRES Energy Solutions Pvt. Ltd. shall not be liable for any losses or damages that may be suffered, by a Customer, directly or indirectly, as a result of participating in the Offer and/or by the use or non-use of the Card.
• The decision of BFSL and Refex Renewables / SILRES Energy Solutions Pvt. Ltd. with respect to all transactions under the Offer shall be final and binding on the Customer and any correspondence in this regard will not be entertained.
• The Offer terms shall be governed by the laws of India. Any dispute arising out of this Offer shall be subject to the exclusive jurisdiction of the competent courts in Mumbai.