Dubai : Emirates NBD, a leading bank in the region, introduced today the launch of a Green Auto Loan item according to its commitment to support the UAE's transformation right into a low-carbon economic climate, as part of UAE Vision 2021. The Green Auto loan has actually been made in action to the expanding interest from residents in sustaining a green and lasting economic climate in the UAE, and looks for to encourage customers to invest in environmentally friendly vehicles.

Discussing the launch, Suvo Sarkar, Senior Executive Vice President & Group Head - Retail Banking and Wealth Monitoring, Emirates NBD said: "There is growing global approval regarding the need to seriously go after campaigns that enable countries, organisations and individuals to transition to a lasting low-carbon future. While this presents a significant chance there is also a massive challenge in the considerable funding called for to change economies that have been largely dependent on a fossil-fuel based energy system. We at Emirates NBD think that a three-way partnership is vital in between plan, modern technology and funding to support independent initiatives, which is why we are taking the action to release a Green Auto Loan."

Customers curious about investing in electric or hybrid cars sold from accepted auto dealers in UAE are eligible to request the Green Auto Loan, which offers 50 basis points discount on applicable rates of interest (decreasing) or approximately 25 basis points on flat price. As an introductory deal, Emirates NBD is likewise providing money back on the full processing charge.

Emirates NBD's Green Car Loan aims to contribute to a cleaner environment by advertising Electric and Hybrid Cars through participation and contribution to the Government Accelerators Effort, and supporting the Dubai Green Mobility Effort under Dubai Supreme Council of Power. The bank is likewise a signatory to the UNEP Dubai Affirmation for Lasting Money under the auspices of the Ministry of Climate Change and Environment.