NDB-Hayleys Solar to offer loan facility for pensioners

From left: Director Pensions K.G.R. Jayanath, NDB AVP Sales Sameera Senarath, NDB SVP Personal Banking and Customer Experience Sanjaya Perera, NDB Deputy CEO K.V. Vinoj, Hayleys Fentons Managing Director Hasith Prematillake, Hayleys Solar Director/CEO Roshane Perera, Hayleys Fentons Director Finance Pamudith Gunawardana and Hayleys Solar Deputy General Manager National Sales Akhila Jayasenad

In a significant stride towards supporting the well-being of the nation’s pensioners who have tirelessly served this country and promoting eco-friendly energy solutions, NDB Bank recently signed a memorandum of understanding (MoU) with Hayleys Solar, the renewable energy arm of Hayleys Fentons, to officially launch the solar facilities under the ‘Aachara Pensioners’ loan scheme, underscoring not only the bank’s commitment to providing financial solutions for senior citizens but also its efforts to advocate for sustainable living.

The signing marked the official partnership between the bank and Hayleys Solar and was highlighted by the presence of key representatives from both NDB and Hayleys Solar, including the Pensions Director.

All pensioners under the Pensions Department in Sri Lanka can now apply for these solar loans.

NDB’s solar loan facilities offer pensioners up to Rs.4.5 million, which is a credit facility 100 percent funded by the bank, with a competitive interest rate. The loans come with a flexible repayment period of up to 15 years, subject to a maximum age limit of 75 years, ensuring manageable monthly payments. Additionally, there are no security requirements, making the application process straightforward and accessible. Importantly, the loan includes life insurance coverage, ensuring that in the unfortunate event of the borrower’s death, the loan will be fully settled by the insurer, providing peace of mind for the borrower and their family.

Hayleys Solar, a leader in renewable energy solutions, brings additional benefits to this partnership. Beneficiaries can also enjoy an attractive 12 percent discount on their solar units from Hayleys. Additionally, obtaining the necessary approvals from relevant authorities and offering comprehensive after-sales services for the solar panels have also been streamlined, ensuring long-term efficiency and support. This initiative falls under Hayleys Solar’s new endeavour, ‘Nayak Nowena Nayak’ programme.