Emirates NBD-Egypt introduces 100% covered solar panel personal loan
Updated 2/6/2024 1:46:00 PM
Arab Finance: Emirates NBD-Egypt provides clients with a personal loan to finance the purchase of solar panels, as per an emailed press release.
The loan offers clients financial coverage of up to 100% of the solar panels’ total cost starting from EGP 100,000 to a maximum of EGP 1 million and a payment period of up to seven years with competitive interest rates
The move aims to encourage individuals to use clean energy solutions.
“This loan reinforces our ongoing commitment to sustainability, as we strive to offer distinctive services. We aim to diversify energy sources and promote clean energy, particularly solar power,” Amr El-Shafei, CEO and Managing Director of Emirates NBD-Egypt, commented.
“Through innovative financing, we empower clients to invest effectively, ensuring promising returns and facilitating a smooth transition to eco-friendly solutions,” El-Shafei added.
“The Solar Panel Loan is a key driver in achieving Emirates NBD – Egypt’s sustainability goals, which closely aligns with the state’s agenda and global development objectives,” the bank’s Chief Strategy and Sustainability Officer Amgad Doma said.
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