Standard Chartered launches preferential loan programme for hybrid cars

Standard Chartered is launching sustainable trade finance solutions across continents to help companies implement more sustainable practices across their ecosystems

The programme features flexile loan terms with interest rates starting from 5.75 per cent per year.

Along with this, clients can opt for competitive fixed interest rates at only 5.75 per cent per annum in the first 12 months, 6.25 per cent in the first 24 months, or 6.75 per cent in the first 36 months.

“We believe in the power that finance can have to catalyse a positive impact on our communities and the environment. There is little question that environmentally-friendly vehicles are the trend of the future, particularly in the Vietnam context. Through the launch of this preferential loan programme, we hope to encourage the use of those vehicles and impacting the environment,” said Harmander Mahal, head of Consumer, Private and Business Banking for Vietnam and Asia Cluster Markets, Standard Chartered Bank.

The environmentally-friendly automobile loan is part of Standard Chartered’s sustainable finance programme, which aims to promote the adoption of greener lifestyles and reduce carbon emission.

To apply for the loan, clients can contact the bank via 028 39110000 (Ho Chi Minh City) or 024 36960000 (Hanoi); or email vaymuaxe.scb@sc.com or text ‘MUAXESC’ to 8069.

In line with its sustainable development strategy, Standard Chartered is also launching sustainable trade finance solutions across Asia, Africa and the Middle East, Europe, and the Americas to help companies implement more sustainable practices across their ecosystems and build more resilient supply chains.

Fitch Ratings has recently revised the outlook on Standard Chartered Bank Vietnam to positive that reaffirmed the bank as a strong partner to Vietnam and its clients who seek to meet their growth ambitions sustainably.