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Paraguayan bank opens credit line for electrical vehicles

paraguayan-bank-opens-credit-line-for-electrical-vehicles

Paraguayan bank opens credit line for electrical vehicles

Asuncion, Dec 4 (Prensa Latina) The National Development Bank (BNF) of Paraguay announced the opening of a sustainable credit line to finance the purchase of 100-percent zero-kilometer electrical vehicles.
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According to the institution, the initiative is worth 50 billion guaranies (more than 7.316 million dollars).

It is the BNF’s first green product, aimed at promoting environment protection, contributing to the positive impact on people and society, as well as contributing to the development of the automobile industry with an emphasis on electrical vehicles.

In order to access the credit, a card must be granted through which up to an amount equivalent to 150,000 dollars will be financed, with an interest rate of 7.95 percent for a term of 60 months, said the bank, quoted by the Paraguayan Information Agency.

The BNF’s purpose is to promote the economic and social development of the country, and providing services within the categories and platforms established in the Banking, Finance and other Credit Institutions General Law.

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