Pan Asia Bank offers solutions to face energy crisis

Anticipating the growing challenges surrounding fuel availability and energy costs in the country, Pan Asia Bank took proactive steps to offer customers a forward-looking solution. 

Its EV Plus Leasing seamlessly combines electric vehicle (EV) leasing with a pre-approved solar energy facility for customers increasingly seeking practical and sustainable alternatives to conventional mobility. 

The EV Plus Leasing bundled solution is anchored to an EV lease, complemented by a pre-approved energy loan or lease of up to Rs.1,000,000 for a home solar system. This enables the customers to invest simultaneously in clean transportation and renewable energy through one streamlined and coordinated process. 

Designed to cater to both personal and business users, the facility provides flexibility in acquiring brand-new, reconditioned or registered electric vehicles, addressing a wide range of customer requirements. 

In addition, the customers have the option to take over or refinance the existing EV leases from recognised financial institutions, further enhancing convenience and accessibility. 

A key strength of EV Plus lies in its integrated structure. The customers benefit from coordinated approvals and smooth disbursement, eliminating the need to manage multiple financing arrangements. 

The solar component is flexibly structured to suit individual needs, while competitive rates and tailored repayment options ensure affordability and alignment with customer cash flows.

Pan Asia Bank facilitates comprehensive insurance solutions for both EVs and solar systems through its approved panel, ensuring protection and peace of mind. The customers are also supported with expert guidance on EV ownership, charging infrastructure and home energy savings programmes, enabling informed decisions and long-term cost efficiencies. 

The applicants are required to provide standard documentation, including KYC details, proof of income, EV quotation or valuation and a solar system proposal or invoice, along with any additional requirements as part of the appraisal process.

Pan Asia Bank Head of Retail Credit Yohan Ebell stated, “By integrating EV leasing with a solar financing facility, we aim to empower our customers with greater energy independence, reduced operating costs and a more sustainable way of living.”