KBank-SCG promote solar rooftop solution to advance a green society, offering home loan with 3-month interest-free installment payment plus discount of up to 70,000 Baht

Stocks News Friday April 8, 2022 09:48 —PRESS RELEASE LOCAL

KBank-SCG promote solar rooftop solution to advance a green society, offering home loan with 3-month interest-free installment payment plus discount of up to 70,000 Baht

KASIKORNBANK (KBank) has teamed with Siam Cement Group (SCG) in promoting clean energy at home with the aim of helping make Thailand a green society. To this end, KBank will offer home loan for solar rooftop installation with interest-free installment payment for three months and loan limit of up to 90 percent of collateral value. Eligible customers will enjoy a discount of up to Baht 70,000 for installation of an SCG solar rooftop system. The promotion runs from today until June 30, 2022.

Ms. Chalarat Phinitbenchaphol, KBank Executive Vice President, said, "KBank is committed to conducting our business with responsibility across all dimensions in accordance with the principles of a Bank of Sustainability. In support of the environment, KBank has initiated the 'GO GREEN Together' project which aims to provide financial support under the 'Green Zero' campaign for home loan and business financing. This initiative aims to encourage all Thais to 'go green' and take collaborative action to achieve a net zero economy. One of the green lifestyle elements that has grown continually is installation of a home solar rooftop system in response to consumers' demand for a clean energy source and long-term energy cost savings. While the installation cost varies with the electricity consumption of each household, the cost is typically in the range of Baht 200,000 - 600,000, with a payback period of 7 to 12 years".

Recently, KBank joined forces with SCG, an important partner sharing a common concept and a leader in environmental innovations to create a green society, to launch a special promotion in which the applicants of home loan for solar rooftop installation will enjoy a 3-month interest-free period, a maximum loan limit of 90 percent of collateral value and a discount of up to Baht 70,000 for solar rooftop installation by SCG. In addition, the first 100 customers with mortgage registration within the campaign period will receive an e-voucher of Baht 2,000 from Tops Supermarket.

This promotion will be available from April 8 to June 30, 2022. Interested customers can enquire for details on home loan for solar rooftop installation at any KBank branch or the K-Contact Center at 02-8888888, press 887. For solar rooftop installation and related services, please contact SCG authorized dealers nationwide or the SCG HOME Contact Center at 02-5862222.

Mr. Thongchai Sophon, Head of Housing Products Business, SCG Roofing Co., Ltd., a subsidiary of SCG, said, "SCG is pleased to join hands with a business partner like KBank in offering homeowners easier access to clean energy so as to reduce household greenhouse gas emissions and strive towards achieving SCG's net zero target while also promoting the use of clean energy in everyday life for a sustainable green society."

SCG Solar Roof, a market leader in residential solar roofing, offers a comprehensive solar roofing system service, ranging from field surveys, design, installation, and applying for a permit from relevant government agencies, to after-sales service from a professional team, with world-class technologies such as microinverter technology, a hybrid solution system, and the SOLAR FIX innovation, which is a solar rooftop installation system offered exclusively by SCG, reflecting its service quality and efficiency.

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