Financing

Financing


Financing


How do I view financing products?

Click 'Financing' at the top of buySolar's website and you can view all Bank Financing products.

When can I apply for bank financing for solar installation?

You must request a quotation from at least one supplier at buySolar website. Then, you may register your interest to apply bank financing for solar panel installation by entering some information required by the bank. Refer to "What should I do if I wish to apply loan?"

Your information and interest will be forwarded to the bank after you have accepted the final quotation on buySolar.

What is the process of bank financing application?

After you have submitted financing application to buySolar, your financing application will be forwarded to your selected bank.

Bank officer will contact you to proceed with financing application.

What should I do if I wish to apply bank financing for solar installation?

Follow the steps below to apply for financing:-

Method 1:- On the 'Thank You For Accepting Final Quotation' page, click 'Apply for Financing'. 'My Financing' screen will be displayed and you can apply for financing.

Method 2:- Click on 'Hi [your name]', then click 'My Financing'. 'My Financing' screen will be displayed and you can apply for financing.

Method 3:- Click on 'Hi [your name]', then click 'My Quotation'. 'Quotation Listing' page will be displayed and you can apply for financing.

Method 4:- On the 'Financing' product page, click 'Apply for Financing'. 'My Financing' screen will be displayed and you can apply for financing.

Method 5:- Click on 'Hi [your name]', then click 'Job Order'. 'Job Listing' page will be displayed and you can apply for financing.

How can I pay back the bank financing?

You can directly arrange the repayment with bank.

Why is my additional personal data collected and is my data secured on buySolar?

When you agree to submit the loan details on buySolar page, you are required to tick of the checkbox to authorize and consent to perform the checking by Bank. Your personal data is only forwarded to your selected Bank.

Bank is authorized to verify and/or make any checks and/or obtain any information and/or confirmation from any credit reference agencies, including but not limited to Central Credit Reference Information System (CCRIS), Financial Information Services (FIS) and/or any other agencies and/or from any financial institution, on me/us and/or any other person, individual and/or entity as the Bank may deem fit, for any purposes which the Bank deems fit.

Can I install the solar panels if my financing application was not approved by bank?

No, unless you can arrange for other methods of payment.


Financing Consumer


How do I know the bank financing application status?

You may check the bank financing application status through the steps below:-

Step 1: Click on 'Hi [your name]'. Select the 'My Financing' menu. OR, if you see a left panel, click 'My Financing'.

Step 2: Then, you will see your Financing Application Status. There are few possible statuses available in the system:-
a) Application Submitted
b) Bank Processing
c) Financing Disbursement
d) Application Lapsed

Or you may contact the bank directly to get the latest information.

What is the process after bank financing application has been approved?

Once the bank has approved the financing application, bank will disburse the money to customer. Customer will use this money to pay for the solar panel installation.

Solar installation will start after customer has paid the final payment to buySolar.


Financing Commercial


How do I know the bank financing application status?

You may check the bank financing application status through the steps below:-

Step 1: Click on 'Hi [your name]'. Select 'My Financing'. OR, if you see a left panel, click 'My Financing'.

Step 2: Then, you will see your Financing Application Status. There are few possible statuses available in the system:-
a) Application Submitted
b) Bank Processing
c) Application Rejected
d) Offer Accepted
e) Financing Disbursement
f) Application Lapsed

Or you may contact the bank directly to get the latest information.

What is the process after bank financing application has been approved?

Once the bank has approved the financing application, bank will disburse the money to supplier based on the disbursement term. Solar panel installation will start after the 1st term of money has been disbursed to supplier.




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