Thursday 21 Nov
Suez Canal Bank has announced the launch of three new green loan products designed to support individual customers in adopting sustainable transportation and energy solutions. These products cover electric vehicles, scooters, golf carts, and solar panels.
The bank's initiative aligns with
its commitment to promoting environmental sustainability and encouraging the
transition to cleaner, renewable energy sources. The new loans offer flexible
terms, competitive interest rates, and repayment plans tailored to meet the
diverse needs of individual customers.
Suez Canal Bank also provides
financing for clean and renewable energy projects in residential compounds.
This financing can reach up to one million Egyptian pounds, covering 100% of
the equipment cost without a down payment. Flexible repayment periods of up to
10 years are available, along with the option of obtaining life and total
disability insurance for the entire financing period.
Financing for new electric
vehicles can reach up to 4 million Egyptian pounds over a convenient repayment
period of up to 7 years, with the possibility of covering 80% of the value of
the new electric vehicle.
The bank has also made available
special financing for small mobility vehicles, such as electric scooters and
golf carts, for owners of residential compounds, with financing of up to one
million Egyptian pounds, with the possibility of covering 100% of its value
without any down payment.
Customers can obtain financing for electric vehicles and small mobility vehicles under flexible terms, including the option of obtaining life and total disability insurance coverage for the entire financing period. Additionally, customers may extend financing to first-degree relatives for electric vehicle purchases.
