Provincial Bank will approve loans for electric cars in the country

They will be personal loans and they have not yet specified the amounts.

The Provincial Bank announced to its clients the provision of a new modality for the acquisition of an electric car through the financing of said financial entity.

This as part of an increase in the level of credit and the relaxation of bank rates.

In a statement on its website, Provincial indicated that it has solutions aimed at its legal and private clients with sustainable practices in their production processes or lifestyle.

The credit is called Sustainable Credit and is aimed at the sectors: commercial, agricultural, microcredit and personal “to support business clients in their transition towards more sustainable, renewable, self-consumption and energy efficient production models.”

There is still no clear explanation about the requirements to qualify for this type of credit, but they do point out that these will have a character of personal credits.

The Provincial seeks to “proactively accompany private clients in adopting more sustainable habits, such as the acquisition of hybrid and electric vehicles, improvements in the efficiency of homes, among others.”

In the press release there is no amount for the purchase of electric vehicles in the country, although the two models of these vehicles currently available in Venezuela range in price between 35,000 and 60,000 dollars.

“These solutions aim to respond to a growing demand from society, and help their customers make better financial decisions while contributing to the environment,” the bank said in the statement.

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