Let an Absa Loan help you start your story

Keep the lights on for a fraction of your current costs with alternative power solutions through the Absa Green Energy Loan (AGEL).

Get up to 100% financing for the solar solution for up to P500,000 and enjoy flexible loan repayments for up to 84 months. The solution enables you to save on costs by reducing your electricity bills and beat any load shedding. Save the environment: reduce air pollution by generating your own electricity from the sun.

Account features

Get up to 100% financing without personal contribution
Maximum loan amount of up to P500, 000
Competitive interest rates tailored to meet your needs (linked to the Absa Prime Lending Rate)
Flexible loan repayment terms of up to 84 months (7 years)

How to apply

On-grid customer should get pre-vetting and installation permit or guidelines from Botswana Power Corporation (BPC) on the ideal installation capacity.

Acceptance standards
Quotations from vendors that meet the below standards will be accepted

Botswana Power Corporation (BPC) or regulatory aligned standards

High equipment standards, warranties and liabilities e.g. minimum of 15 years equipment warranty, 30 years guaranteed solar performance, 12 years guarantee on invertor

Independent verification standards such as compliance certification capabilities from BPC

Smart tracking capabilities, equipment anti-tempering solutions and usage app(s)

Correlating installation insurances and accredited technicians

ERB registered engineers to be part of the installation team

High-roof installation capabilities and qualifications

Quality installation or mounting rack such as aluminium or roof-safe alternatives to avert leakages

Vendor to have BPC Roof Top installation experience totalling at least 1 Mega Watt

Customer service and after-sales care support for at least one year post installation
Documents required
Basic loan application requirements

Valid Omang

For non–citizens; passport, valid work and residence permit

Current payslip or most recent (within recent 3 months)

Completed application form

Salary account with Absa Bank or three months bank statements from your current bank

Confirmation of employment

Confirmation of physical address

Copy of your contract if you are employed on a contract basis

Marriage certificate if you are married, and spousal consent if married in community of property and Form B

Form A if you are married out of community of property

Credit Life is compulsory

Home-owners Insurance Cover (incorporating the solar solution) compulsory.

Balances of all loans and credit cards

Additional requirements for Absa Green Energy Loan

Copy of title deed and identity documents for the property due to be installed and consent if in different names (affidavit)

Quotation from a vendor that meets the provided standards
Absa Green Loan fees
Below are the applicable fees as per the prevailing Absa Bank Botswana Tariff Guide, which is subject to periodic reviews:

Green Energy Loan processing fee

Administration fee

ITC enquiry

CRB enquiry

Let an Absa Loan help you start your story

Keep the lights on for a fraction of your current costs with alternative power solutions through the Absa Green Energy Loan (AGEL).

Account features

How to apply

Quotations from vendors that meet the below standards will be accepted

Basic loan application requirements

Additional requirements for Absa Green Energy Loan