CityPress - - Business -

One of the few ded­i­cated South African green fi­nanciers is a com­pany called GreenFin, but their rates at first glance do not seem that com­pet­i­tive.

On the com­pany’s web­site, the monthly in­stal­ment is cal­cu­lated at an 18% in­ter­est rate.

GreenFin pays an ap­proved in­staller di­rectly and home­own­ers only start re­pay­ing the cal­cu­lated monthly in­stal­ment once the in­stal­la­tion is com­pleted and func­tion­ing well.

South African banks be­lieve they can do bet­ter.

Although no spe­cific prod­uct is on of­fer, in­ter­ested con­sumers can ap­proach their banks di­rectly.

Ned­bank’s Dirk Visser said fi­nanc­ing was work­ing well in the busi­ness sec­tor. Ned­bank

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