Those interested in purchasing low- or zero-emission transportation options can now access a new line of credit. This month, Banco do Brasil (BB) launched the BB Crédito Mobilidade line, which will finance items such as bicycles, kick scooters, electric or manual scooters, and motorcycles under 125cc, with repayment terms of up to five years.
Up to 100% of the product's invoice value can be financed, capped at R$ 20,000. The loan offers terms of up to 60 months, with the first installment due up to 59 days after signing. Interest rates start at 1.83% per month (24.31% annually). Installments are auto-debited directly from the customer's account on their chosen date.
The financing is available to individual customers, who can apply directly through the Banco do Brasil app. Users simply navigate to the “Loans” menu, select “Apply for Financing,” and click on “BB Crédito Mobilidade.” The vehicles must be purchased from retailers partnered with Banco do Brasil.
According to BB, the new credit line reinforces the institution's commitment to initiatives with positive social and environmental impacts. According to a balance sheet released by the bank last week, its sustainable credit portfolio reached R$ 292.2 billion at the end of the first half of the year, representing a 13.3% increase over 12 months. The bank also recently lowered interest rates for hybrid and electric vehicle financing.
Via CicloVivo.
This article was written by CicloVivo. The translation is powered by AI.
