In Short : Emirates NBD-Egypt has launched a personal loan specifically for the purchase of solar panels. This initiative encourages individuals to invest in solar energy, contributing to the adoption of sustainable practices and the reduction of carbon footprints.
In Detail : Emirates NBD-Egypt has introduced a personal loan program for purchasing solar panels. Offering 100% financial coverage, the loan aligns with the bank’s sustainability goals and Egypt’s 2030 Vision.
Emirates NBD-Egypt, in a strategic initiative supporting the adoption of clean energy, has launched a personal loan program specifically designed to fund the purchase of solar panels for its clients. The program is part of the bank’s broader sustainability goals and aligns with Egypt’s national agenda and global development objectives.
100% Financial Coverage for Solar Panel Purchases
The personal loan program offers a complete financial coverage for solar panel purchases. It caters to a wide range of financial capacities with loan amounts that start from EGP 100,000 and can go up to a maximum of EGP 1 million. To ensure accessibility, the bank has set up a flexible repayment scheme that can extend up to seven years and promises competitive interest rates.
Aligning with Egypt’s Sustainability Strategy and 2030 Vision
This initiative by Emirates NBD-Egypt is a step towards promoting sustainable solutions and diversifying energy sources in the country. It is in line with Egypt’s Sustainability Strategy and 2030 Vision. By facilitating the use of solar panels for clean and renewable energy, the bank is contributing to the reduction of carbon emissions and preservation of the environment.
Driving the Bank’s Sustainability Commitments Forward
Amgad Doma, the Chief Strategy and Sustainability Officer at Emirates NBD-Egypt, has emphasised the importance of the Solar Panel Loan. According to him, this loan is a key driver in achieving the bank’s sustainability goals. The implementation of the loan program presents an exceptional opportunity for customers while advancing the bank’s commitment to sustainability.