Solar Roof Lending Program for SME by Krungsri aims to encourage more alternative energy consumption among entrepreneurs. Moreover, it also saves energy costs through clean energy consumption. It is the loan that offers credit limits of up to 100%, for the application for Solar Roof Lending Program with solar roof manufacturers participating in the project. These manufacturers are partners to the Bank and are renowned manufacturer with world-class standards, such as SynergySun Co., Ltd., a company under Cherdchai Autohaus Limited. In the future, there will be more partners participating in this project, so entrepreneurs can be assured of services and product with reliable standards and integrated after-sales service. This loan product will also be developed for corporate banking segment in the future.
Ms. Duangkamol Limpuangthip, Krungsri Head of SME Banking Group, revealed that "Krungsri aims to continue to raise awareness on ESG Finance among enterpreneurs and the society as a whole in order to fulfill the mission of the Bank and industries across the world in continuously developing ESG activities and products. We aim to encourage the society that is responsible for the environment. This Solar Roof Lending Program is Krungsri's newest ESG finance product developed for SME customers. This is an important step for Krungsri to offer ESG Finance to its SME customers for the first group. It reinforces Krungsri's commitment to being a Trusted Partner for sustainable growth."
Regarding retail customers, Krungsri Home for Cash offers financial options to customers who are interested in alternative energy consumption in a residential area to make it easier to install solar roofs in residential properties with Krungsri Home for Cash, which is a multipurpose loan. Krungsri offers customers the option to apply for a loan according to their preferred limit and use the approved loan to spend on solar roof installations, which usually require high cost. It helps ease the investment burden of homeowners to be able to use debt-free homes to apply for loans or refinancing by using the approved limits to install solar roofs.
Ms. Damisa Phisitvanich, Krungsri Head of Retail Products and Marketing Group, revealed that "In 2022, Krungsri remains committed to customer-centricity and focuses on providing solutions tailored to the needs of retail customers. Regarding ESG, Krungsri is the leader in the ESG Finance market and aims to make sustainable finance become a part of our customers' lives. The Bank provides opportunities for retail customers who are home owners to take part in environmental preservation by applying for Krungsri Home for Cash Loan for a purpose of solar roof installation. It is considered the first and most important step for Krungsri to make ESG products accessible to retail customers. Krungsri encourages customers to save costs and promotes them to be a part of creating environmental sustainability."
Entrepreneurs interested in Solar Roof Lending Program can inquire more information by contacting your Relationship Manager. For retail customers interested in Krungsri Home for Cash loans, please visit https://www.krungsri.com/th/personal/loans/home-loans for more information.
Source: Bank of Ayudhya PCL