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Green Auto Loan

Enjoy preferential rates when you buy an electric or hybrid automobile

If you’re looking for ways to reduce your carbon footprint, buying a more energy-efficient automobile is a great place to start.

As part of our commitment to sustainability, we’re proud to support the fast-growing market for electric and hybrid automobiles with our new Green auto loans. 

Benefits

  • no processing fees 
  •           no credit life insurance required

  • loan amounts up to BHD 40,000
  • low APR from just 5.15%1

1Reducing balance rate. Indicative APR on Green Auto loans for an amount of BHD 10,000 and payable over 5 years period is 5.15%.

What is an electric automobile?

Unlike most fuel-consuming automobiles, an electric automobile can be powered fully or partially by a battery. They are classified as zero emission vehicles, because the motors don’t produce any exhaust fumes. When they are low on energy, they can simply be plugged into a power source. 

What is a hybrid automobile?

A hybrid car operates through multiple power sources working together. While most do feature a traditional combustion engine, they also contain a battery-powered electric motor which reduces the overall need for fuel. This makes them much more energy-efficient than vehicles that rely solely on traditional fuel sources. 

What are the benefits of driving an electric or hybrid vehicle?

  • reduced fuel consumption and emissions
  • ability to harness clean electric energy
  • better fuel efficiency and overall performance
  • recovered energy from regenerative braking

 

Apply now

Apply by phone

Call us on:

8000 1288 (within Bahrain) or 

+973 1756 9643 (outside Bahrain)

Apply in branch

Locate your nearest branch and visit us to discuss your application.