Fibe has introduced a rooftop solar financing solution targeting middle-income households, particularly in Tier 2 and Tier 3 cities. The rooftop financing solution is specifically designed for the residential segment, and offers collateral-free loans of up to Rs 500,000. Additionally, it covers 100 per cent of the project cost, including panels and installation, with a fully digital application process allowing disbursals in under 15 minutes.
The product is available to salaried individuals aged 19 to 60 and self-employed individuals aged 23 to 65. Loan eligibility has also been extended to blood relatives of property owners, thereby increasing access for those living in shared or family-owned homes. There are no foreclosure or hidden charges.
Fibe is a digital lending platform that provides various financial services, including loans and credit products, particularly for working professionals; as well as impact loans for sectors like healthcare and education. The company has partnered with over 100 engineering, procurement and construction solar companies and is expanding distribution through collaborations with solar manufacturers and service providers.
