Solar Financing
Power Your Business and Save On Energy Costs
Bank Negara Malaysia's Low Carbon Transition Facility (LCTF) is a financing facility created to encourage and support SMEs to adopt sustainable practices for business resilience.
Benefits of Solar Financing
- Effective Interest rate up to 5.00% fixed rate p.a.*
- Finance up to RM10,000,000 with No collateral up front
- A hassle free one-stop solution from project consultation, solar system installation to financing solution.
- Loan tenure up to 10 Years and up to 90% margin of finance
- Enjoy Tax incentives up to 48% with implementation
- Funds can be used to finance capital expenditure to install equipment to generate renewable energy, such as solar system.
*Terms and conditions apply
Does your business qualify?
- Business registered in Malaysia
- In business for at least 3 years
- For Sole Prop, Partnership, Limited Liability Partnership and Private Limited Companies
- Malaysia owned company
- Annual business sales revenue of at least RM500,000
Requirements
- Site Visit
- Click here for list of eligible solar partners
- Copy of SEDA Certificate
- Annual Review
- Company Profile
- Company Financials
- Audited Company Accounts (2 years)
- Latest 6 months' bank statements
- Consent form for company background check
Wide Range of ESG Projects Financed by Alliance Bank
Large Scale Solar (LSS) Projects
Commercial & Industrial Rooftop Solar
Waste to Energy Biogas
Frequently Asked Questions (FAQ)
Financing amount: Up to RM10 million
Financing margin: Up to 90%
Tenure: Up to 10 years
Interest Rate: Effective rate of 5% p.a.
Stamp Duty: A flat rate of 0.5% on the loan amount or such other rate prescribed under the Stamp Act, 1949 (as amended or re-enacted from time to time).
All other costs and expenses i.e. legal fees and other charges to be incurred in the preparation of the Bank’s security documents. Subject to all taxes and levies now or thereafter imposed by law.
Key Requirements
- Company must be more than 3 years in operation with a minimum of RM500k in annual turnover;
- Company must meet the definition of SMEs as issued by SME Corporation Malaysia and at least 51% of shares are held by Malaysians.
Kindly leave your name and contact details with us. We’ll give you a callback within 3 working days.
Other Banking Products for SMEs
Digital SME Express Financing
Fast, simple and convenient business loan at your fingertips, collateral-free financing up to RM200,000
Digital SME Cash Flow Financing
Collateral-free working capital financing up to RM1,000,000
Business Premises Financing
Finance commercial properties or refinance existing properties with flexible loan tenures and high financing margin
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