BNP Paribas sells credit at 5.9% interest rate on hybrid and electric cars

Banks and Insurance

BNP Paribas Personal Finance AE Paris The Bucharest branch, Cetelem, has begun a 5.9% preferential credit for customers wishing to buy hybrid and electric cars. At the same time, the bank is expanding its cooperation with the Hyundai importer, financing the acquisition of the Ioniq and Kona Electric models. Customers wishing to buy electric or hybrid cars will be able to access the new financing product through the RABLA and RABLA PLUS renewal program, which was repeated in September 2018. The loan has a fixed interest rate of 5.9% 8.9% for other bank's financial products. The borrowing period varies between 6 and 36 months, with a minimum advance of 30% at the end of the contract. In the first nine months of 2018, 2,922 electric, hybrid and hybrid electric cars were sold in Romania, double in value compared to the same period last year. "The share of organic cars in total domestic sales in the first three quarters of the year was 2.6%, compared with 1.9% in the same period last year, which means that the Romanians' interest in this type of cars is getting bigger. We want Romania to be aligned with other European countries where the concept of electromagnetic traffic is widely adopted, so we are pleased to encourage this trend by launching financial products exclusively for such acquisitions " , said Bruno Leroux, Managing Director of BNP Paribas Personal Finance SA, Bucharest Branch. As of 1 March 2018, Cetelem IFN SA became – BNP Paribas Personal Finance SA Paris Branch Bucharest, following the strategic cross-border merger of Cetelem IFN SA with the French bank BNP Paribas Personal Finance.