Emirates NBD-Egypt Introduces 100% Covered Solar Panel Personal Loan

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 (US$3,236) to a maximum of EGP 1 million (US$32,366) and a payment period of up to seven years with competitive interest rates

The move aims to encourage individuals to use clean energy solutions. “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 commented.