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Credit Fair, a leading fintech lender, is proud to announce its partnership with Luminous Power Technologies, a leading energy solutions provider, to offer affordable solar financing options to individuals, trust-run institutions, housing societies, and small and medium industries for installing clean energy systems.

The collaboration is part of Credit Fair’s strategy to be an active player in the solar energy market in the country. The tie-up will provide complete solar solutions to the growing middle-class consumers by offering technological solutions as well as financial assistance at an attractive rate of 9% to 9.75% per annum. Credit Fair will offer faster, simpler and fully digital financing solutions with an easy EMI option of up to seven years and a provision to pre-close loans without any extra charges. Retailers and commercial players can avail loans up to Rs 50 lakh and Rs 2 crore, respectively, for rooftop solar installation.

By making solar solutions affordable and accessible to a vast segment of the population, Credit Fair is significantly contributing to India’s clean energy transition. Also, it helps individuals and businesses save on electricity charges and earn additional revenue by supplying excess green power to the distribution companies.

Commenting on the development, Credit Fair CEO Aditya Damani said: “We are delighted to join hands with Luminous, as a technology partner, in our journey to boost solar energy adoption in the country. Luminous, having 3 decades of expertise in the energy and solar solutions, can significantly contribute to our rooftop solar drive by providing complete technological solutions and support. The Centre’s new initiative ‘PM Surya Ghar Muft Bijlee Yojana’ underscores the immense potential of the segment, which is vital in achieving the country’s energy security, economic growth and renewable energy targets.”

Amit Shukla, Senior VP & Business Head, Energy Solutions, Luminous Power Technologies said: “Luminous has established itself as a leading energy solution company in the past three decades, offering the widest range of unique and innovative solar solutions. Our collaboration with Credit Fair is very promising and complementary as the fintech company has a growing presence in the emerging rooftop solar market. We passionately innovate to make our customers’ life comfortable and efficient, help them improve their living standards and save on the combined household income. The collaboration is a step towards showcasing our brands’ commitment to innovation and smart energy solutions for powering homes and businesses.”

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