The popular Bank Dominican Republic (BPD) announced this Wednesday that it expanded its green portfolio “Hazte Eco”, a pioneer in the market, with revolving loans Extra Home Eco Y ExtraEco.
In addition, the BPD announced the mortgage loan Hypothecwith the latter, there are three new financing solutions with preferential rates that make it easier for personal customers to purchase energy-efficient products, carry out sustainable renovations in their homes or buy a home with a sustainability seal.
According to official data, the two revolving loans they have a pre-approved limit that can be used and renewed when the client needs it, without new requests to the bank, with the aim of transforming their home into a more sustainable home.
At launch, Francisco Ramirezexecutive vice president of personal and branch business at the BPD, said that sustainability represents a fundamental strategy of the actions of the BPD. popular Bank.
“In this way, the business area has a firm commitment to continually developing a strategy with purposes that allow us, definitively, to create and disseminate business models increasingly sustainable. An example, the platform was born echo in 2019 with great success”, said Ramírez.
He said that, to date, more than 2,000 million pesos have been financed in hybrid vehicleselectrical, photovoltaic panels and have managed to issue more than 120,000 digital accounts without the need for books or cards.
“This morning we have the objective of presenting you with a new initiative developed from our platform echowhich is a very interesting fair and which is part of the enthusiasm we have as an institution to continue promoting initiatives with these characteristics,” said the executive.
In the activity it was explained that a client with the Extra Home Eco You have up to 10 years to pay for reforms in your home focused on energy efficiency and sustainability, presenting the mortgage guarantee and the project price.
For his part, he ExtraEco gives the customer up to five years to repay energy efficient applianceswater or air purifiers and small sustainable vehicles, such as motorcycles or electric bicycles, serving as guarantee the purchase invoice.
HipoEco with EDGE sustainability seal
As for the Hipoteco mortgage loan, will always have a lower rate than the regular mortgage, will have up to 30 years to pay and 80% of the appraisal value of the home. To access its benefits, the property must have the EDGE certification.
It is detailed that with this certification the buyer is guaranteed a saving of 20% or more in their consumption of Energy Y Water. In addition, your property increases in value as it has been built with sustainable materials and waste management techniques, so the return on investment is greater.
Eco Fair
To motivate a more sustainable lifePopular announced the celebration of the Eco Fairfrom November 15 to 30, a period of special promotions in more than 20 stores with discounts of up to 25%.
In addition, you will have the possibility of financing:
- Solar panels,
- home appliances low comsumption,
- bikes,
- skateboards and
- electric motorcycles, among others, with two points less than the regular rates.
In this regard, the Executive Vice President of Personal Business and Branches, Francisco Ramírez, stated that “by increasing green financing options, in the popula bankr we accelerate the sustainable transformation of the Dominican Republic, which demonstrates our commitment to this country and its citizens, helping them reduce their carbon footprint.”
Principles of Responsible Banking
“echo” is one of the bank’s innovative responses to align its business strategies with the United Nations Principles for Responsible Banking, the Sustainable Development Goals and the 2030 Agenda.
It has a financing portfolio of more than 1,000 million pesos, which have been allocated to the acquisition of solar panels and electric and hybrid vehicles.
