Openbank launches loan for energy efficiency projects


Openbank, the 100% digital bank of the Santander Group, launches a loan with attractive conditions for everyone (customers and non-customers) seeking to finance energy-efficient projects and products.

This product strengthens the bank’s commitment to the environment and boosts its customers’ green projects, such as the acquisition of solar panels, storage batteries, electric vehicles and the installation of thermal insulation and climate control systems (air source heat pumps), for example.

This loan has a competitive interest rate of 4.95% NIR (5.06% APR) for amounts between €300 and €24,000 with a repayment term between one and five years.

With the Energy Efficiency Loan, Openbank strengthens its range of products committed to the environment, including its virtual and physical cards, made from 100% recycled PVC, and its robo-advisor automated investment service, which prioritises investment in funds that fulfil environmental, sustainable and good governance (ESG) criteria.

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