Monday May 20th, 2024
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Banque Du Caire Offers Eco Financing for Solar Panels in Egypt

The new loan options also extend to purchasing electric vehicles, with repayments stretching up to eight years.

Cairo Scene

Banque Du Caire Offers Eco Financing for Solar Panels in Egypt

In a bid to incentivise Egyptians to move towards cleaner energy, Banque Du Caire has introduced financing options specifically for the installation of solar panels, as well as purchasing electric vehicles. The solar panel personal loans extend to one million Egyptian pounds, with repayments terms lasting up to seven years. In the case of electric vehicle loans, the cap is set at six million pounds, with repayments over eight years.

The new financial initiatives from the bank are in line with the government’s green initiatives, an integral part of the sustainable development that is a keystone of Egypt’s Vision 2030. It is hoped that the new loan options will broaden the availability of solar panels and electric vehicles across the country.

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