Solar Financing for Lagos — Who Dey Offer Am
10 provider · three financing model · terms no verify, ask dem direct
Na small number of people dey buy solar for Lagos with full cash. Three financing model dey lead — pay-as-you-go, installer spread payment, and bank asset loan — and each one fit different kind buyer. Wetin dey below explain how each one dey work and who dey actually offer am. E no quote deposit or interest rate on purpose, for the reason wey dey below.
The company wey dey below dey real and you fit verify dem. But we NO independently confirm their deposit, tenor or interest rate, so we no publish any. Nothing for this page na quote. Call dem direct, and ask for the TOTAL amount wey you go pay over the full term — no be the monthly figure.
Sun King
Pay-as-you-goPay-as-you-go portable solar — small home system wey you dey pay off small-small.
Lumos
Pay-as-you-goPay-as-you-go solar home system, wey dem historically sell through mobile-network billing.
Baobab+
Pay-as-you-goPay-as-you-go solar kit wey dem aim at off-grid and low-income house.
SunFi
Installer spread paymentSolar financing marketplace wey dey match house to installer and payment plan.
Ashdam Solar
Installer spread paymentLagos installer wey dey offer staged/spread payment plan with the installation.
Sygnite
Installer spread paymentSolar provider wey dey offer deposit-plus-tenor payment plan.
Access Bank
Bank loanNigerian commercial bank; dem dey offer asset/solar financing through their retail lending product.
Sterling Bank
Bank loanNigerian commercial bank wey get long focus on renewable-energy lending.
FCMB
Bank loanNigerian commercial bank wey dey offer asset and consumer lending.
Stanbic IBTC
Bank loanNigerian commercial bank wey dey offer asset and consumer lending.
Pay-as-you-go: the smallest system, but e cost pass
Na PAYG most first-time solar buyer for Nigeria dey start with. You go collect small kit — usually light, phone charging and fan, sometimes small TV — with small deposit, then you go dey pay instalment, plenty times through mobile money or airtime. If you miss payment, dem go lock the unit remotely till you pay, and na that thing dey make am possible to lend to person wey no get credit history.
The trade-off be say the total wey you go pay over the term pass the cash price well well, and the kit small reach where e no fit replace gen for the whole house. PAYG dey solve light and phone charging well; e no fit run fridge, pump or AC. Judge am against candle, torch and small gen — no be against full home installation.
Installer spread payment and bank loan
Spread payment plan dey come from the installer direct: deposit, then you go pay the balance over some months wey una agree, and dem go usually install the system for front. Na this one most people dey use for full home system, and the terms dey vary well well between installer because each one dey fund the gap from im own money or from partner lender.
Bank asset loan na the third route, and some Nigerian commercial bank dey lend against solar equipment either as named renewable product or through normal consumer and asset finance. Bank route dey usually demand more paperwork — proof of income, sometimes salary account with the bank — but the pricing na the most transparent among the three, because na regulated consumer lending, no be margin wey dem hide inside equipment price.
Why this page no dey quote you rate
Every company wey dey listed here dey real and you fit verify am. Their commercial terms no be so: deposit, tenor and real interest rate dey change often, dem dey negotiate am per customer, and dem no dey publish am for way wey person fit check independently. To publish deposit percentage or monthly figure wey we no fit verify go worse pass to publish nothing, because you go plan your life with am.
So take this as shortlist of who to call, no be comparison of wetin dem dey charge. When you call, ask for the TOTAL amount wey you go pay over the whole term, no be the monthly figure — na the monthly number dem dey quote, and na am dey hide how much the financing really cost.
Know the cash price first — na am dey tell you whether financing worth am.
If the monthly payment less than your fuel spend, financing fit pay from month one.