Summary 

OpenSolar has partnered with Selina Finance to offer a unique Home Equity products within the UK Finance Marketplace. This integration allows customers to access high-value loans at competitive rates with a seamless, API-driven "Quick Quote" experience.

Table of Contents

• About Selina Finance

• Activating Selina in Your Account

• The Customer Journey

• Post-Approval & Payout Flow

• Important Notes
   

About Selina Finance

• No Accreditation Required: You do not need to become an accredited financial introducer. OpenSolar acts as the introducing representative.

• Unique Product Type: Selina products provide lower interest rates and higher loan amounts (£5,000 to £500,000) than unsecured loans.

• API Integration: Real-time "Quick Quotes" are pulled directly into the OpenSolar proposal via API.

Read more about Selina here. 

Activating Selina in Your Account

1. Navigate to Control > Pricing & Payments > Payment Options.

2. Locate the Selina Finance tile within the UK Finance Marketplace section.
   

3. Click Connect Selina to activate the integration.

4. Once activated, Selina will appear as an option in the Finance Marketplace dialog on your proposals.

   • Note: Ensure your organization is MCS accredited, as this is a requirement for Selina products.
      

The Customer Journey 

Selina is now part of the OpenSolar Finance Marketplace experience. On the Online Proposal, the customer clicks to explore finance options. Learn more here. 


 

1. By expanding a Selina option, the customer receives a dynamic, indicative plan based on their project's specific loan amount and APRC (Annual Percentage Rate of Charge) calculations.
   
    

2. Clicking Apply Now will present a dialogue informing them that they are about to be redirected to the Selina quick quote page. They will not be able to proceed without checking the checkbox to confirm they agree to the terms and conditions as well as the privacy policy.
    

3. Clicking Apply Now will redirect the customer to Selina’s secure Quick Quote portal to complete their application, where they can complete some basic information to continue the process.
   

    

4. After completing the application the customer should return to the online proposal to review and accept. 

Post-Approval & Payout Flow

Selina operates on a customer-funded model. All finance application related correspondence will take place directly between the customer and Selina Finance. If they are approved, they will be paid the funds directly and you should arrange payment with your customer accordingly. 

This means the relationship regarding payment remains between you and your customer:

1. Direct Payout: Once approved and the agreement is signed, Selina pays the funds directly to the customer.

2. Installer Payment: After the customer receives the funds, they must pay you (the pro) directly according to your defined cash payment milestones.

Best Practice: Use OpenSolar's CashFlow payments product to collect the deposit as part of the checkout flow and the balance from the customer once the installation is complete.

Important Notes

• Loan Limits: Minimum loan value is £5,000; maximum is £500,000.

• FCA Compliance: As an installer, you cannot "introduce" or discuss the specifics of the credit product. Advise customers to direct all financial queries to Selina Finance.

• Dynamic APRC: The APRC is calculated dynamically based on the specific project details and is displayed clearly on the Selina offer card within the marketplace.

• Product Differentiation: Selina products are secured against their home, which differs from the unsecured loan products offered by other marketplace partners like Propensio.

• Quotes shown at the initial stage are based on the information provided at that time. If further details are later provided or verified during underwriting, the final offer and repayments may change.

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