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OCBC expands range of EVs that can be financed under its eco-care car loans scheme

Felicia Tan
Felicia Tan • 2 min read
OCBC expands range of EVs that can be financed under its eco-care car loans scheme
The bank’s eco-care car loans surged over sixfold in 2023 since its inception in 2021. Photo: OCBC
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Oversea-Chinese Banking Corporation (OCBC) (SGX:O39) has expanded the range of electric vehicles (EVs) that can be financed under its eco-care car loans scheme.

The loan provides an additional incentive for customers with a preferential interest rate of 2.48% per annum (p.a.), which is 0.3% lower than the loans offered for internal combustion engine (ICE) cars.

Now, the scheme includes used EVs aged up to 10 years old, along with new EVs and used EVs under three years old.

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