2023-07-14 11:18:58
Caring for the environment is no longer just part of a discourse and now it is transformed into a reduction in interest rates when acquiring a mortgage, since customers who choose to buy a house that has a certification will be rewarded for caring for the planet of sustainable construction, explained Antonio Artigues, executive director of Banca Particulares de Santander México.
At a press conference to present the new sustainable loans in mortgage loans that incorporate ESG criteria (acronym for environmental, social and governance, in English), he highlighted that the new product can be obtained at a fixed rate from 8.85 percent, with a discount on payment appraisal and no commission for opening.
Javier Rodríguez Ardila, head of Green Finance at Santander México, indicated that the product was created because it encompasses the bank’s commitment to promote a green economy and is preceded by the agreement that the institution signed with the International Finance Corporation (IFC for its acronym in English). ), a member of the World Bank Group, to develop sustainable construction practices in Mexico in favor of energy efficiency and the environment.
The launch of this product, both explained, is because currently all housing developers are increasing the construction of sustainable homes and anticipate that in the medium term these will be available to all segments, so they decided to offer their clients a rate differentiated when acquiring these properties, which will also mark competition between builders, since clients will seek a lower rate and will choose to buy these certified green properties.
The bank explained that they already have around 50 developer projects of this type and hope that the offer will increase in the future.
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