Egypt: Contact expands green financing, launches electric car financing program

Egypt: Contact expands green financing, launches electric car financing program

Egypt - Contact Financial Holding, the non-banking financial services provider, has announced the launch of an innovative new financing program for electric vehicles. This new product is part of the company’s commitment to environmental sustainability and supporting the transition to a greener future, as the world is currently facing enormous environmental challenges due to the effects of air pollution and climate change.

One of the main solutions to these challenges is to encourage the use of electric vehicles, which are a sustainable and clean alternative to traditional fuel-powered cars.

They are powered entirely by renewable electric power, reducing carbon dioxide emissions and air pollution.

The use of electric vehicles helps achieve environmental sustainability goals and reduce negative environmental impact.

The new product offers a wide range of features designed specifically to meet the needs of customers and facilitate the process of acquiring electric cars, with a down payment starting from 20%, optional insurance, repayment periods of up to five years, and the possibility of full or partial early repayment starting from the first month without early settlement fees. Contact is also currently studying the possibility of financing electric trucks and electric motorcycles, considering the global shift towards environmental awareness and reducing environmental hazards, as