RHB Banking Group (RHB) has launched the RHB Sustainability Financing Programme, a Green Financing product bundling programme aimed at reaching out to the needs of both Small Medium Enterprises (SME) and Retail customers.
The four pillars of the Sustainability Financing Programme (SFP) comprise Green Energy, Green Buildings, Green Process and Green Products, which aims at promoting sustainable development and supporting the nation’s transition to a low-carbon economy through green financing solutions that integrate Environmental, Social and Governance criteria.
The SFP adopts a more holistic approach to green financing, addressing the needs of both businesses and individuals through various financing solutions. The Green Energy financing solution promotes the adoption of renewable energy through the financing of solar panels for business and residential premises, while Green Building promotes the adoption of environmental considerations and eco-friendly features in the design, construction, operation, and maintenance of buildings.
Green Process, on the other hand, is aimed at reducing environmental impacts through the enhancement in processes, equipment, and machinery towards supporting customers’ decarbonisation, while Green Products promotes the purchase of eco-friendly products such as hybrid, plug-in hybrid, and electric vehicles.
Through the SFP bundling solutions, customers benefit from preferential rates and longer loan/financing tenure as well as relevant tax incentives provided under the Green Investment Tax Allowance and Green Income Tax Exemption on their chosen facilities. SME customers may apply for financing facilities for Renewable Energy, Construction, Working Capital, and Capital Expenditure, with financing amount up to RM10 million and tenures of up to 15 years, with a high margin of financing and competitive rates.
Retail customers can enjoy personal financing for Solar Panel purchases for up to RM100,000 with a margin of financing of up to 100%, over a maximum tenure of 7 years at attractive rates. Under this personal financing programme, customers are offered an All Risks insurance policy at an attractive premium rate whereby they are covered and protected from risks from damages such as fire, special perils, and accidental damage.
Customers can also enjoy Auto Financing rates for hybrid, plug-in hybrid and electric vehicles for as low as 1.99% (flat rate equivalent) across all financing tenures for up to 9 years amounting to a maximum facility of RM500,000. Customers are also entitled to an additional discount of up to 10% in insurance premium when they opt to purchase Motor Insurance for their hybrid, plug-in hybrid, and electric vehicles with RHB Insurance.
