iBank launches "Green Lifestyle" loan for purchasing EVs and installing solar panels, providing 100% financing.

iBank responds to the Soft Loan measures by launching the "Green Lifestyle" loan campaign, covering EV purchases and solar panel installations with 100% financing. Two programs are offered: one focusing on quick repayment with low interest rates, and another on comfortable installment plans with high loan amounts and repayment periods up to 10 years. Approval is fast, within 24 hours.

8 Jun 2569 Dr. Thaweelap Rittapirom, Director and Manager Islamic Bank of Thailand "iBank is committed to driving government policies to support the sustainable reduction of greenhouse gas emissions and promote access to clean energy at the household level. This campaign is designed to reduce the financial burden on customers with flexible terms and a fast approval process, so that everyone can truly be a part of the transition to clean energy."

With this Green Lifestyle loan initiative, iBank offers a multipurpose credit line covering the purchase of all types of electric vehicles (EVs), including BEVs, PHEVs, HEVs, and FCEVs, as well as the installation of solar cells and EV chargers. Customers can choose a loan program that suits their financial capabilities and intended use, both secured and unsecured, with two programs available:

1. The "Life on a Budget" program Under the government's Soft Loan program, the focus is on quick repayment with a maximum repayment period of 5 years and a total loan amount of up to 2 million baht. Interest rates are 5.00% per year for electric vehicles (EVs) and 10.00% per year for electric motorcycles throughout the loan term. For solar cell installations, the interest rate starts at 3.25% per year for the first two years and remains fixed at 5.00% per year from year 3 to 5.
2. The "Chill Life" program Focusing on easy repayment terms, with a maximum repayment period of 10 years and a total loan amount of up to 2 million baht. Covers loans for solar cell installation, purchasing EV cars and motorcycles, and installing EV chargers. Interest rates start at 5.00% per year for the first two years and 5.40% per year from year 3 to 10 (SPRL – 2.28%).

The highlight of this campaign, for electric cars and motorcycles (EVs), is that customers do not need to make a down payment and receive immediate ownership of the vehicle. The profit margin is calculated using a reducing balance method, allowing customers to manage their finances efficiently. Initially, this campaign is open only to personnel from organizations that have signed a Memorandum of Understanding (MOU) with the bank. The bank plans to expand the target customer base in the future.

Those interested can apply for the service from today until March 31, 2570, or until the project's funding limit is reached. For more information, please contact any iBank branch, iBank Contact Center at 1302, or via Messenger: Islamic Bank of Thailand – ibank (@ibank.th) and Line: iBank 4 all (@ibank).

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