ING Bank Romania launches “green” loans for individuals
ING Bank Romania is launching what it claims to be the first “green” loan in its retail portfolio, dedicated to those who wish to purchase a fully electric or hybrid electric vehicle.
Derived from the credit offer for personal needs, it has an interest rate of between 5.49% and 9.99% per annum – “almost two percentage points lower than the standard personal loan offer” .
The average effective interest rate on domestic currency consumer loans in Romania was 9.32% in June, according to data from the National Bank of Romania (BNR).
“We hear more and more in Romania talking about sustainable or green loans, mostly concentrated in the large business segment, where ING is also very active. But retail must also follow and offer solutions that reward those who want to protect. the environment ”, says Roxana Cristea, Lending Tribe Lead ING Bank Romania.
In a first phase, this “green” loan is available in limited numbers, until the end of the year.
Also in the retail business, but in the mortgage lending segment, the BCR bank (part of the Erste group bank) has started to promote a product aimed at individuals who want to buy ecological houses certified by the Romanian Council of green buildings. The new loan product is cheaper than conventional loans, according to the BCR, having a variable interest rate of 3.55% (IRCC benchmark rate + 2.3pp) per year.
(Photo courtesy of the company)