2021-01-03

A circular dated January 3, 2021 regarding the initiative to replace vehicles with dual fuel

The Central Bank of Egypt is supporting the state's efforts to achieve sustainable development goals, including environmental and social considerations. In line with the state's push to replace fuel-powered vehicles with dual-fuel ones, the Bank has launched an initiative to provide 15 billion EGP in loans at a fixed interest rate of 3% for individuals wishing to switch to dual-fuel vehicles. The loan repayment period ranges from 7 to 10 years, with monthly installments.

Egypt

Central Bank of Egypt

Show thumbnail