Contact Financial Holding, a leading non-banking financial services provider, has unveiled an innovative EV financing program. This initiative underscores the company’s support for the global transition towards a greener future. Promoting the transition to electric vehicles (EVs) has emerged as a crucial solution for environmental sustainability.
The new program introduces customer-centric features to facilitate EV purchases; including a modest down payment starting at 20%, optional insurance coverage, a repayment period of up to five years, and flexibility of full or partial early repayment with no associated fees at the first month. Moreover, Contact is actively exploring the possibility of financing electric trucks and motorcycles as well.
Tamer Samir, MD of Contact Credit, proudly announced this cutting-edge product, which represents both a strategic investment in the future and an opportunity to attract a broader customer base. He emphasized Contact’s dedication to offering financial solutions and ensuring exceptional after-sales support, including comprehensive information about electric vehicles and their features.
Said Zater, the CEO of Contact Financial Holding, echoed the company’s unwavering commitment to sustainability, at both environmental and economic levels . Through the EV finance product, Contact strives to empower communities to realize their vision of a sustainable and clean future. Zater emphasized that sustainability is a shared responsibility, not only for individuals but also for companies. Contact implemented a range of initiatives aimed at supporting environmental sustainability, including the Green Finance product introduced in late 2022.
Contact, with its extensive network of branches across Egypt, offers a diverse range of tailored financial options. The company remains committed to developing comprehensive financial solutions while maintaining flexibility and convenience. Contact Financial Holding continues to position itself as a key player in promoting sustainable practices.
