Emirates NBD-Egypt introduces 100% covered solar panel personal loan

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The move aims to encourage individuals to use clean energy solutions

Staff Writer, Arab Finance

February 7, 2024

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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.

“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.

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