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Green Loans



Our New Green Loans were designed specifically with the purchase of Solar Panels in mind.

You can spread the cost of purchasing Solar Panels by obtaining a loan.

When borrowing for “Green”* purposes you get;

  • Reduced interest rate of 6% variable (our lowest available unsecured loan rate)
  • Borrow for up to 7 years (our longest available term on an unsecured loan)
  • 100% financing
 

Apply today

Apply online or to make an appointment call +1 441 299 5959.

Apply online and save $200.

By installing Solar Panels you can reduce your electricity bill – talk to your Solar Provider to discuss the savings that could be made for your home.

You could use the money saved from the reduced electricity payment to pay for some or all of your monthly loan payment. After the loan ends you will continue to save on your bill!

Example

Cost of Solar Panel installation & energy saving enhancements to your home $30k (Example Only)

Monthly Electricity Saving $565.42**

Monthly Cost of a Green Loan for $30k over 7 years $438.26

Customer Savings for first 7 years $127.16

Expected life of Solar Panels is 30 years** so for the following 23 years (after loan is repaid) you will continue to save on your electricity bill.

**Energy Saving Figures and Expected Solar Panel Life were provided by a local Solar company and are estimates only. Actual savings will vary depending on the position and size of your home and your energy consumption

Other Uses

You can use the loan for a number of *Green purposes.

*Green Purposes are defined as;

  • Solar Panels
  • Electric Cars
  • Solar Water Heaters
  • Other recommended energy saving enhancements to your home as advised by your Solar Company.

Green Loans FAQs

This product and service is offered only in the jurisdiction of Bermuda by HSBC Bank Bermuda Limited and the material presented is not intended for use by persons located in or resident in other jurisdictions.

Issued by HSBC Bank Bermuda Limited, of 6 Front Street, Hamilton Bermuda, which is licensed to conduct Banking Business by the Bermuda Monetary Authority. The Site is primarily intended for those who access it from within Bermuda. Because of this, we cannot guarantee that the Site or the information thereon complies with law or regulation of other countries, or is appropriate for use, in other places. You are wholly responsible for use of the Site by any person using your computer and you must ensure that any such person complies with these Terms. The information provided on this Site is not intended for distribution to, or use by, any person in any jurisdiction where such distribution or use would be contrary to law or regulation. This Site should not be considered as communicating any invitation or inducement to engage in banking of investment activity or any offer to buy or sell any securities or other instruments outside Bermuda.