Renewable energy and energy efficiency
Solar Energy Loan
Staying in business often requires staying connected to an efficient and constant source of power supply. In a challenging environment where power supply can be unreliable, an FCMB Solar Energy Loan may be what you need to give your business that advantage.
- No collateral
- Maximum loan amount of N3 Million
- Maximum tenor of 12 months
Frequently Asked Questions
There are two broad categories of products
1. Mobile Solar Home System (Portable unit, easy to carry around)
2. Roof Top System (Consists of inverter, roof panel and batteries)
1. Mobile Solar Home System (Portable unit, easy to carry around)
2. Roof Top System (Consists of inverter, roof panel and batteries)
FCMB is in partnership with the following provider
1. A4&T Integrated Solutions
2. High Prevue International Ltd.
3. ACOB Lighting
1. A4&T Integrated Solutions
2. High Prevue International Ltd.
3. ACOB Lighting
yes. Vendors will carry out an energy audit for roof top systems. Mobile solar home systems will not require an audit
A4&T INTEGRATED
| PRODUCT SPEC |
PRICE (NAIRA) BASED ON BATTERY TYPE Rita Battery - 12 Months warranty, Index Battery - 12 Months warranty, Lithium Ion Battery - 36 Months |
EXAMPLES OF APPLIANCES WITHIN RANGE |
|---|---|---|
| 60watts | Lithium ion - N90,000 | Mobile charging, 3 Light bulbs, 1 Laptop, 1 Standing Fan |
| 100 watts | Lithium ion - N145,000 | 4 pieces of 5 watts bulbs; 1 standing fan; 2 USB port for phone charging with multipurpose cable; 5 light points |
| 0.8KVA | Rita – N486,000 Index - N505,000 |
1 laptop, 1 LED TV, 1 decoder, 1 DVD player, 3 light bulbs, 1 fan |
| 1.5KVA |
Rita – N732,000 Index – N765,000 Lithium ion- N1,045,000 |
2 laptops, 1 LED TV, 1 decoder, 1 DVD player, 5 light bulbs, 3 fans |
| 3.5KVA |
Rita – N1,334,000 Index – N1,395,000 Lithium ion – N1,955,000 |
3 laptops, 2 LED TV, 1 decoder, 1 DVD player, 5 light bulbs, 2 fans, 1 fridge |
| 5KVA |
Rita - 1,844,000 Index - N1,905,000 Lithium ion – N2,515,000 |
3 Laptop, 2 LED TV, 1 Decoder, 1 DVD, 7 Light Bulbs, 3 Fans, 1 Freezer |
| 7.5KVA |
Rita – N3,138,000 Index – N3,250,000 Lithium ion – N4,470,000 |
1 Decoder, 2 LED TV, 1 DVD, 10 Bulbs, 3 Laptops, 3 Fans, 1 Refrigerator, 1 Freezer, 1HP AC or 1.5HP inverter AC |
| 10KVA |
Rita – N3,348,000 Index – N3,460,800 Lithium ion – N4,680,800 |
4 laptops, 2 LED TV, 2 decoder, 2 DVD players, 10 light bulbs, 3 fans, 1 freezer, 2 1HP ACs |
HIGH PREVUE INTERNATIONAL LTD
| PRODUCT SPEC |
PRICE (NAIRA) BASED ON BATTERY TYPE Lead Acid Battery - 12 Months warranty, Lithium Ion Battery - 36 Months |
EXAMPLES OF APPLIANCES WITHIN RANGE |
|---|---|---|
| 40watts | Lithium ion - N40,000 | 4 LED Bulbs, 1 Torch, 1 Radio, Charge 4 phones |
| 0.8KVA | Lithium ion - N188,000 | 1 Laptop, 1 LED 32' TV, 1 Home Theatre, 1 DSTV Decoder, 6 LED Bulbs, 2 Fans, Hair Clipper, Home use Grinding Machine, 15 phone charging |
| 1.0KVA | Lead Acid – N400,000 |
1 laptop, 1 Plasma TV, 1 Home Theatre, 1 DSTV Decoder, 6 bulbs, 2 fans, 1 medium Refrigerator, solar pumping machine |
| 1.5KVA |
Lead Acid – N495,000 |
1 laptop, 1 Plasma TV, 1 Home Theatre, 1 DSTV Decoder, 8 bulbs, 4 fans, 1 medium Refrigerator, solar pumping machine |
| 2KVA |
Lead Acid – N791,000 |
2 laptops, 2 Plasma TV, 1 Home Theatre, 1 DSTV Decoder, 8 bulbs, 4 fans, 1 medium Refrigerator, solar pumping machine, washing machine |
| 2.5KVA |
Lead Acid - 890,000 |
2 Laptop, 2 Plasma TV, 1 Home Theatre, 1 DSTV Decoder, 10 Bulbs, 4 Fans, 1 Freezer, solar pumping machine, washing machine |
| 3.0KVA | Lithium ion – N1,576,000 | 2 Laptops, 2 Plasma TV, 1 Home Theatre, 1 DSTV Decoder, 10 Bulbs, 4 Fans, 1 Freezer, solar pumping machine, washing machine, 1 Solar AC (short term use only) |
| 3.5KVA |
Lead Acid – N1,555,000 |
2 laptops, 2 Plasma TV, 2 Home Theatre, 1 DSTV Decoder, 12 bulbs, 4 fans, 1 freezer, solar pumping machine, washing machine, 1 AC |
| 5KVA |
Lead Acid – N1,639,000 |
2 laptops, 1 Heater, 1 Plasma TV, 1 Home Theatre, 1 DSTV Decoder, 12 bulbs, 4 fans, 1 freezer, solar pumping machine, 1 cold water dispenser, washing machine, 1 Electric Iron |
| 6KVA |
Lithium ion – N2,222,000 |
4 laptops, 1 Plasma TV, 1 Home Theatre, 1 DSTV Decoder, 16 bulbs, 4 fans, 1 freezer, solar pumping machine, 1 heater, 1 cold water dispenser, 1 washing machine, 1 Electric Iron |
| 7.5KVA |
Lead Acid – N1,950,000 |
6 laptops, 3 Plasma TV, 2 Home Theatre, 2 DSTV Decoder, 18 bulbs, 6 fans, 1 freezer, solar pumping machine, washing machine, 2 ACs |
| 12KVA |
Lithium ion – N4,293,000 |
4 laptops, 1 Plasma TV, 1 Home Theatre, 1 DSTV Decoder, 21 bulbs, 6 fans, 1 freezer, solar pumping machine, 2 heaters, 1 cold water dispenser, 1 washing machine, 1 Electric Iron |
| 18KVA |
Lithium ion – N6,343,000 |
10 laptops, 8 Plasma TV, 8 Home Theatre, 6 DSTV Decoder, 40 bulbs, 8 fans, 4 freezer, solar pumping machine, 2 heaters, 4 cold water dispenser, 4 washing machine, 1 Electric Iron, 6 ACs |
| 24KVA |
Lithium ion – N8,349,000 |
14 laptops, 10 Plasma TV, 10 Home Theatre, 6 DSTV Decoder, 50 bulbs, 10 fans, 4 freezer, solar pumping machine, 4 heater, 4 cold water dispenser, 4 washing machine, 1 Electric Iron, 8 AC |
ACOB LIGHTING
| PRODUCT SPEC |
PRICE (NAIRA) BASED ON BATTERY TYPE Rita Battery - 12 Months warranty, Index Battery - 12 Months warranty, Lithium Ion Battery - 36 Months |
EXAMPLES OF APPLIANCES WITHIN RANGE |
|---|---|---|
| 200watts | Lithium ion - N175,000 | 1 LED TV, 1 fan, 2 LED Bulbs, 1 Decoder, 3 Mobile phones |
| 0.8KVA | Rita - N460,181 Index - N477,434 Lithium ion - N348,000 |
1 LED TV, 2 Standing fans, 1 Decoder, 3 LED Bulbs, 1 Laptop |
| 1.5KVA | Rita – N693,495 Index – N726,679 Lithium ion – N975,000 |
1 LED TV, 3 Fans, 4 LED Bulbs, 2 Laptops, 1 Decoder, 1 Bedside Fridge |
| 2KVA |
Rita – N709,903 Index – N742,153 Lithium ion – N1,011,000 |
1 LED TV, 4 Fans, 5 LED bulbs, 3 Laptops, 1 Decoder, 1 small fridge |
| 3.5KVA |
Rita – N1,273,875 Index – N1,338,375 Lithium ion – N1,729,406 |
2 LED TVs, 6 Fans, 8 LED bulbs, 3 Laptops, 2 Decoder, 1 Blender, 1 Refrigerator, 1* 1HP Air Cond. |
| 5KVA |
Rita - N2,272,500 Index – N2,849,500 Lithium ion – N4,116,800 |
3 LED TVs, 7 Fans, 10 LED Bulbs, 4 Laptops, 3 Decoder, 1 Blender, 1 Refrigerator, 1 HP Air Cond., 4 Channel CCTV, 1 HP Pumping Machine, 1 Washing Machine |
| 7.5KVA |
Rita – N5,015,735 Index – N5,209,235 Lithium ion – N6,374,266 |
4 LED TVs, 8 Fans, 12 LED Bulbs, 5 Laptops, 4 Decoder, 1 Blender, 1 Refrigerator, I Freezer, 6 Channel CCTV, 2* 1HP Air Cond., 1HP Pumping Machine |
| 10KVA |
Rita – N7,176,822 Index – N7,469,220 Lithium ion – N9,230,500 |
5 LED TVs, 10 Fans, 16 LED Bulbs, 6 Laptops, 5 Decoders, 1 Blender, 1 Refrigerator, 1 Freezer, 8 Channel CCTV, 3* 1HP Air Cond., 1.5HP Pumping Machine, 1 Washing Mashine |
Yes, you can.
Yes. The period of warranty will depend on the vendor.
Min of 3 months and max of 12 months
| Maximum of 80% of the total cost |
Maximum of N3M
Minimum of 18.1%
Please see calculation as shown below:
- Flat Fee (Insurance, RSS, Management, Advisory) 4.5%
- Interest Rate 13.6%
| Minimum of 20% contribution |
STEP 1: Identify the energy plan that meets your need
STEP 2: Go to Quick loan portal, determine the amount you can borrow
STEP 3: Apply on the Quick Loan Portal.
STEP 2: Go to Quick loan portal, determine the amount you can borrow
STEP 3: Apply on the Quick Loan Portal.
Please send your questions to SMEHelpdesk@fcmb.com
