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The SunLender Installment Loan Program provides residential and commercial financing for the installation of renewable energy products. If allowed by state, federal and regulatory agencies, approved rebates may be used as collateral and/or a downpayment against the purchase price.
The installment loan has flexible repayment plans with terms ranging from 5 years to 15 years. Interest rates are competitively priced and an origination/transaction fee of 1.5% is charged.
Credit approval is available online with 24/7 access as well as an interactive program providing amortization schedules and estimated payments allowing the consumer the opportunity to select the term best suited to their financial means. The end-user benefits from ownership of the system at the end of the term as well as the financial benefit of the rebates and/or tax credits and grants as well as reduced energy costs.
In all programs the end-user/customer must be financially sound with good credit and strong financials (if commercial). Credit limits for residential customers will be determined by FICO scores using a credit matrix. Proof of income will also be required.
Please visit www.sunlender.com for more information.
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