SB Finance Launches Solar Panel Loan Program In The Philippines To Boost Sustainability

SB Finance, a subsidiary of Security Bank, has announced a new loan program designed to help customers finance the installation of solar panels in their homes. This initiative made possible through collaborations with Advanced Energy Technologies (AET) Renewables Plus Co., Solviva Energy (a part of AboitizPower), and SeekCap, a loan marketplace by UBX Philippines Corporation, aims to support sustainable living by making solar energy more accessible.

SB Finance President and CEO Abbie Dans-Casanova expressed enthusiasm about the new offering, stating, “SB Finance is proud to lead the charge in financing sustainable living by offering accessible loans for rooftop solar panels. By making solar energy investments more accessible, we empower our customers to make eco-friendly choices that positively impact their finances, as well as the environment. This financing initiative highlights our commitment to supporting renewable energy and creating a more sustainable future.”

The new loan program, which utilizes SB Finance’s non-collateralized Personal Loan product, provides customers with the exclusive option to obtain installment plans for both Solviva and AET solar power systems. This partnership aims to make renewable energy technology more attainable by combining flexible financing options with advanced solar technology.

West Stewart, Chief Operating Officer of AET, noted, “Partnering with SB Finance aligns perfectly with our mission to expand access to renewable energy. Through this, we’re able to provide affordable financing options and make it easier for homeowners to invest in solar power, help reduce their electricity costs, and contribute to environmental sustainability.”

Under the SB Finance Personal Loan program, customers can borrow up to PHP 2 million with repayment terms extending up to 36 months, providing a feasible financial solution for the installation of rooftop solar systems. This initiative underscores SB Finance’s commitment to fostering a greener future while supporting its customers’ financial and environmental goals.