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BNP Paribas sells loans to hybrid and electric cars at 5.9% interest


Banks and Insurance

BNP Paribas sells loans to hybrid and electric cars at 5.9% interest

BNP Paribas Personal Finance SA With its Paris Cetelem brand, the Bucharest branch has extended a preferential loan of 5.9% for customers who want to buy hybrid and electric cars. At the same time, the bank is expanding its partnership with the Hyundai importer who finances the acquisition of Ioniq and Kona Electric models. Customers who wish to purchase electric or hybrid cars will be able to access the new financing product through the RABLA and RABLA PLUS Race Modernization Renewal Program, which restarted in September 2018. The loan has a constant interest rate of 5.9%. A rate of 8.9% is applied for the Bank's financial products. The lending period is at least 30% to 6 to 36 months at the end of the contract. In the first nine months of 2018, 2,922 electric, hybrid and hybrid electric cars were sold in Romania, doubling compared to the same period last year. "While the share of organic automobiles in total domestic sales was 2.6% in the first three quarters of the year, it was 1.9% in the same period of last year, which means that Romanians are increasing their interest in this type of cars. we want to adapt to the other European countries where the concept is widely adopted, so we are happy to encourage this trend by introducing financial products dedicated to such purchases, "says BNP Paribas Personal CEO Bruno Leroux Finance SA Bucharest Branch. Cetelem IFN SA, from March 1, 2018, became the Paris branch of BNP Paribas Personal Finance SA after the strategic cross-border reunion between Cetelem IFN SA and the French bank BNP Paribas Personal Finance.

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