The Bank of the City of Buenos Aires launched credits to buy electric generators


Argentina, December 28, 2013

The City Bank launched three credit lines for locals who want to acquire different types of electric generators such as solar panels, wind generators, or LED or low power and control systems for household energy.

The goal is “to finance projects of energy independence and acquisition of technologies for more sustainable practices in energy consumption habits related to actions promoted by the Government of the City of Buenos Aires to help alleviate the crisis in the electricity sector.”

“To this end they have created three lines of specific loans, at subsidized rates, aimed at individuals, corporations and consortia to purchase , for example, electric generators of different types as generators such as solar panels, wind generators, also luminaries LED or low-power systems and home energy management, among others ” the company explained.

In this regard it was noted that the credits may be obtained at City Bank branches located in the Autonomous City of Buenos Aires.

For all cases the term is up to 48 months and includes a total grace period of three months (three months’ grace plus 45 shares), while the rate is fixed and 15.25 percent.

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