Visitors look at a booth at the Solar Show 2019 held recently in HCM City. VNS Photo Bo Xuan Hiep Commercial banks are offering more low-interest loans with long repayment terms for household solar-energy projects. As solar energy becomes more popular, lenders in Viet Nam are looking to fund consumers who want to install solar panels on their own homes. They are offering loans at interest rates as low as 10-13 per cent a year. Lenders are also cooperating with local manufacturers to offer discounts to borrowers. One of the banks to offer such loans is HSBC Viet Nam. Partnering with GIC Investment Joint Stock Company (GIC), HSBC is offering new loans for rooftop solar panels to help customers reduce the cost of electricity bills by leveraging an unlimited energy source. More solar power sources in the country are expected to ease pressure on the national power supply and contribute to a more sustainable future for the country. HSBC loan applicants can receive financing at unsecured loans at variable interest rates as low as 11.99 per cent with a long repayment term of up to 60 months. Applicants must be current HSBC Viet Nam customers who want to install a… Read full this story
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