Banco Popular Dominicano expanded its “Hazte Eco” green portfolio, a pioneer in the market, with the Extrahogar Eco and ExtraEco revolving loans and with the HipotEco mortgage loan, three new financing solutions with preferential rates that make it easier for personal customers to purchase products with energy efficiency, carry out sustainable reforms in their homes or buy a home with a sustainability seal.
The two revolving loans have a pre-approved limit that can be used and renewed when the client needs it, without new requests to the bank, with the aim of transforming their home into a more sustainable home.
A client with the Extrahogar Eco has up to 10 years to pay for reforms in their home focused on energy efficiency and sustainability, presenting the mortgage guarantee and the project price. For its part, the ExtraEco gives the customer up to 5 years to pay for low-consumption appliances, water or air purifiers and small sustainable vehicles, such as motorcycles or electric bicycles, the purchase invoice serving as collateral.
HipoEco with EDGE sustainability seal
As for the HipotEco mortgage loan, it will always have a lower rate than the regular mortgage, it will have up to 30 years to pay and 80% of the appraisal value of the home. To access its benefits, the property must have the EDGE certification.
With this certification, the buyer is guaranteed savings of 20% or more in their energy and water consumption. In addition, your property increases in value as it has been built with sustainable materials and waste management techniques, so the return on investment is greater.
Eco Fair
To encourage a more sustainable life, Popular announced the celebration of the Hazte Eco Fair, from November 15 to 30, a period of special promotions in more than 20 stores with discounts of up to 25% and the possibility of financing solar panels, low-consumption appliances, bicycles, skateboards and electric motorcycles, among others, with two points less than regular rates.
In this regard, the Executive Vice President of Personal Businesses and Branches, Mr. Francisco Ramírez, stated that “by increasing green financing options, at Banco Popular we accelerate the sustainable transformation of the Dominican Republic, which demonstrates our commitment to this country and its citizens, helping them to reduce their carbon footprint”.
Principles of Responsible Banking
“Go Eco” is one of the bank’s innovative responses to align its business strategies with the United Nations Principles for Responsible Banking, the Sustainable Development Goals and the 2030 Agenda.
It has a financing portfolio of more than RD$1,000 million, which have been allocated to the acquisition of solar panels and electric and hybrid vehicles.