Hong Leong Finance announced on March 23, that it has launched its green vehicle financing initiative for vehicle rental companies, the first in Singapore.

The new initiative comes in two parts: the Vehicle-Green Loan and the Charger-Green Loan.

The former is offered at a competitive rate of 1.5% per annum for up to seven years to encourage the vehicle rental sector towards the use of green vehicles. The package is available for fully electric vehicles (EVs) and hybrid vehicles.

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