Reducing carbon dioxide emissions, pollutants and the harmful footprint that we leave with our daily activities to the environment is a priority for many and, among the actions undertaken in that sense, we seek to change gasoline cars to hybrid or electric Solar panels in homes and acquire properties with ecological certifications.
Carrying out all that means a very important monetary investment, being almost impossible to make it counted by a person, the only alternative in these cases is to request financing before a banking institution.
Some of the country’s main banks have the so -called green or sustainable credits within their product range and can be an attractive option for those who seek to make an important ecological change in their car, their home or business.
What are green credits?
Sergio Torres Lebrija is a sustainability director at BBVA Mexico and explained that this type of loans seek to finance and support people who undertake projects with an impact on the environment.
“We offer them as sustainable credits and are intended for those who want to buy a hybrid car, put solar panels at home, buy efficient housing or environmentally friendly machinery,” said Torres Lebrija.
In order to access a credit of this nature, the bank must validate the objective of the project, or have certifications of validity in the ecological field. Likewise, the requirements of the banking institutions for the client vary but are similar to what is requested when a mortgage, automotive or personal loan is processed.
The benefits
In addition to ecological incentive, this type of financial products are characterized by offering some benefits in the monetary part, mainly access to preferential interest rates.
“In the case of a green mortgage, we offer a competitive rate of 8.85%, the lowest we currently have in mortgage loans,” said Borja Serrats who is Executive Director of Banca of individuals in Santander Mexico.
It should be clarified that, for mortgage loans you have to buy an apartment or house with ecological certificates and, in the case of automotive credits, the car must have hybrid or electric plate.
“Normally to access low interest rates we ask for minimum use of certain financial or safe products, for green loans we reduce these requirements and, on some occasions, with having a financial product with us it is enough,” said Borja Serrats.
In the qualitative part, the managers of BBVA Mexico and Santander Mexico described that they offer advice for clients interested in undertaking an ecological project for the first time or for those who already used a sustainable loan and want to renew some area of their life towards the friendly towards the friendly With the environment.
For SMEs
Those who have a small company, who are suppliers of larger companies or that subsist with a family business can also benefit from a green or sustainable loan.
“In the case of companies, we finance machinery, waste management projects, water use measures and hybrid or electric fleets for business transport,” Listed the BBVA Mexico Sustainability Director.
In addition to a preferential interest rate, another benefit offered to SMEs are reimbursements in commissions for account opening and higher hiring facilities for companies whose turn is a sustainable activity.
“The largest companies seek to reduce their polluting emissions and, for this, they look for suppliers that align that goal,” concluded Torres Lebrija.
Whether you look for a credit of this nature for family use or for your business, it is recommended that you approach a branch or explores your bank’s web portals to know if you are eligible and what requirements your project needs.
