MBSL signs MoU with Hayleys Solar to launch new solar loan schemes

The MoU being signed and handed over to Hayleys Fentons Managing Director Hasith Prematillake by MBSL CEO Dammika Hapuhinna

Merchant Bank of Sri Lanka and Finance PLC (MBSL) has entered a Memorandum of Understanding (MoU) with Hayleys Solar, the renewable energy arm of Hayleys Fentons, to launch two new solar financing programs: a personal solar loan scheme and a term loan tailored for individuals and businesses. 

“We are happy to join hands with Hayleys Solar to launch these new solar loan schemes,” says MBSL Chairman Anura Perera. “This initiative will further enhance our portfolio and bring us closer to our long-term sustainability goals.”

“We believe that access to solar power should be available for everyone,” says Hayleys Fentons Managing Director Hasith Prematillake. “Our partnership with MBSL will support more individuals and businesses to experience the benefits of solar power.” 

This initiative falls under Hayleys Solar’s new initiative ‘Nayak Nowena Nayak’, which allows customers to pay a low monthly bank instalment, which is less than their current monthly electricity bill. As a result, the savings after paying the bank instalment can be invested in their family’s future while enjoying free electricity for 20 years. Interested individuals can contact MBSL on 0114 711 711 or Hayleys Solar on 0112 102 102.