News Brief | November 2013
Borg Energy ties up with finance firms
Borg Energy, manufacturers of solar power units for houses, has tied up with Shriram City Union Finance and Bajaj Financial Services to extend loans to Borg´s customers. Under the financing schemes, buyers can opt for 12-18 months monthly installment schemes with one-third of the cost as down payment. The interest rates will be around six per cent a year. This is a novel initiative targeting solar power plants along the lines of financial assistance for home appliances. The scheme will be available to all customers as the company rolls out its product in other states.