Credit Fair, a consumer lending fintech startup, has joined forces with Jakson Solar, a subsidiary of the Jakson Group, to offer affordable financing options for solar equipment in India. The collaboration targets the installation of clean energy systems for individuals, MSMEs, trust institutions, and housing societies.

Credit Fair aims to expedite the adoption of solar energy solutions in the country by providing fast, simple, and fully digital lending solutions for customers choosing Jakson Solar equipment. The company will offer convenient EMI options for up to seven years, allowing loans to be pre-closed without additional charges.

With a bold objective of growing its green financing loan portfolio to Rs 400 crore and expanding its total assets under management (AUM) to Rs 1,000 crore by FY25, Credit Fair will extend its services to retail customers and commercial ventures. Loans up to Rs 50 lakh and Rs 2 crore will be provided for retail and commercial segments, respectively, including tier-3 and tier-4 cities. The initiative will also offer channel financing to Jakson Solar dealers and business partners. Credit Fair plans to increase the share of green financing in its loan book to 40 percent, targeting a total AUM of Rs 1,000 crore by FY25, with the green financing loan portfolio reaching Rs 400 crore.