Charge + partners of OCBC Bank offer free charges for electric vehicles and loans with low interest rates


Domestic electric vehicle charging operator (EV) Charge + announced today (June 3) its partnership with OCBC Bank to offer a complete charging solution and financing package for customers of Tesla Electric Vehicles (EV) in Singapore.

Under the package, Tesla customers can expect up to 18 months of free charging and a low-interest EV loan of 1.68 percent.

This January, Charge + and OCBC signed a Memorandum of Understanding (MOU) to strengthen Charge + ‘s plans to install 10,000 EV filling stations across the island by 2030.

These charging points will be installed in residential areas, condominiums, commercial and industrial facilities. Tesla customers enjoy a free charging period at Charge + filling stations for at least six months, which can be extended to as much as 18 months.

For the condominium segment, Charge + has grown sharply and become the leading provider of billing services as a service.

Under this model, Charge + will invest in, install and operate condominium charging stations. According to the company, it aroused “great interest in hundreds of multi-storey buildings”.

Building on this momentum, Charge + will provide Tesla customers with 18 months of free credit if its charging station is installed in the customer’s residential residence.

Tesla buyers who live on land ownership can look forward to getting a free EV charger, beyond the free six-month charge.

Whether the buyer of the EV lives in an HDB, condominium or in a country house, the availability of a suitable charge is important.

We believe our package will go a long way in addressing electric vehicle charging concerns by potential electric vehicle buyers and contributing to Singapore’s vision to phase out conventional vehicles by 2040.

Goh Chee Kiong, CEO of Charge +

In close partnership with Charge +, OCBC Bank is offering an Eco-Care car loan at a price of 1.68 percent, to support early adopters of electric vehicles.

Billing + OCBC bank
Sunny Quek (left) Head of Consumer Financial Services Singapore, OCBC Bank and Goh Chee Kiong (right) CEO, Charge + / Credit Credit: Charge +

Earlier in January 2021, OCBC Bank also issued a pre-approved car loan (PAL), which means that any potential car buyer can apply online and get approval immediately.

“With an attractive interest rate for the OCBC Eco-Care car loan, and partnering with Charge + to approve free billing loans, Tesla’s customers now have a complete package of financing and charging solutions to make their shopping experience even better,” she said. Sunny Quek, Head of Consumer Financial Services Singapore, OCBC Bank.

Electric vehicles is a key content pillar for the Vulcan Post. You can find the rest of our cryptocurrency coverage here.

Credits for featured images: Charge + / Forbes

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