Making for a historic first in the country, the Bank of the Philippine Islands (BPI) launched Green Solutions, aimed at providing customers with eco-friendly housing and auto financing options as it bolsters its commitment to continual finance.

Per Head of BPI Retail Lending and Bancassurance Lloyd Cuajotor, BPI Green Solutions symbolizes the institution’s spearheading move to “sustainable financing,” giving customers bespoke solutions for housing and auto loans. Thus, making “sustainable homes and e-vehicles more accessible and affordable to the market”.

Included in the Green Solutions plan are Solar Mortgage, for those who are looking for eco-friendly housing through solar energy; EV Financing, for making electric vehicles an easier option; and Eco-Build Financing, for those aspiring to establish tenable spaces.

With the initial high cost of procuring solar panels and the higher unit price of electric vehicles as a major hurdle, Cuajotor said the BPI is making access to these choices feasible with discounts and flexible payment options via BPI’s All Out Promo. The All Out Promo is only valid until March 31, 2024.

Since expanding its green financing program in 2019 to include sustainable agriculture, rebranded as the Sustainable Development Finance (SDF) Program, the strategy has focused on energy efficiency, renewable energy, and climate resilience.

The SDF Program serves as BPI’s stronger dedication to the United Nations Sustainable Development Goals (UN SDGs).

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