CIMB unveils one-stop suite of Sustainable Living Home Solutions to make it easier for consumers to adopt low-carbon lifestyles

25 April 2023

A first in the market, CIMB’s full suite of solutions aims to make it easier for consumers to reduce their environmental impact through a range of deals and solutions

Kuala Lumpur: CIMB Bank Berhad and CIMB Islamic Bank Berhad (“CIMB” or “the Bank”) have unveiled a full suite of Sustainable Living Home Solutions (“SLH Solutions” or the “Solutions”) in conjunction with the recent Earth Day on 22 April 2023. With the growing interest among Malaysians in reducing their environmental impact, CIMB is the first bank to introduce a one-stop suite of solutions that makes it easier for consumers to embrace sustainable lifestyle practices in an accessible and rewarding manner. 

Available on a dedicated online platform, the Solutions cover a comprehensive range of offerings and deals tailored to consumers’ home and lifestyle needs. These include preferential rates for green home financing, solar panel financing, deals on energy-efficient appliances and various mobility and lifestyle offerings.

Among the key highlights are preferential mortgage financing rates for green building certified homes and a 0% instalment payment plan on solar panel installations with CIMB’s panel of solar companies such as VASOLAR, amongst others, offering comprehensive smart management solar panel solutions, including for residential projects.

Meanwhile, CIMB’s merchant partners are also offering CIMB’s 0% Easy Pay plans for energy-efficient appliances to make their homes more sustainable and at the same time, help to reduce electricity bills. The partners include established home and consumer electronics retailers in Malaysia such as Tan Boon Ming (“TBM”), Harvey Norman and E.S.H. Electrical – ensuring that consumers have a wide selection of energy-efficient products in outfitting their dream homes.

Effendy Shahul Hamid, Chief Executive Officer, Group Consumer and Digital Banking of CIMB Group said, “We are proud to be the first bank in Malaysia to provide consumers with a complete range of solutions that empower them to make sustainable choices, and help them transition towards lower-carbon lifestyles."

“At CIMB, we believe in integrating ESG factors into our offerings to make it easier and more affordable for consumers to reduce their carbon footprint. In playing our part to support the ESG agenda, we are delighted to collaborate with established partners who share our commitment, as we work together to inspire and encourage sustainable practices among Malaysians,” he added.

Tan Long Kee, Managing Director of Tan Boon Ming Sdn. Bhd. (“TBM”) said, “We aim to provide our customers with products that align with CIMB to offer a range of energy-efficient home and consumer electronics products. As a leading home and consumer electronics retailer in Malaysia, we are dedicated to not only become the best-in-class service retailer but also to constantly improve our offerings particularly in the area of energy-efficient products, to meet the growing demand for sustainable solutions. We aspire to provide our customers with products that align with their sustainability objectives, enabling them to reduce their carbon footprint and live a more sustainable lifestyle."

J.P. Leong, Senior Business Development Manager of Tera VA Sdn Bhd (“VASOLAR”) said, “As a renewable source of power, installing solar panels on your home helps reduce greenhouse gas emissions and mitigate climate change. VASOLAR is a 100% home grown Malaysian brand that brings us closer to achieve our shared ESG responsibility to save our planet."

In complementing these Solutions, CIMB has also become the first bank to foray into the EV mobility scooters space in Malaysia in collaboration with Blueshark, a smart electric motorcycle brand.

The Bank is offering a 0%, Credit Card Easy Payment Plan for Blueshark’s newly launched fully electric scooter models, the Blueshark R1 and Blueshark R1 Lite. Powered by swappable rechargeable batteries designed for urban commutes, the scooters provide consumers with a mode of transportation that helps to reduce their carbon footprint.

“The Blueshark R series is the culmination of our efforts to bring sustainable and innovative solutions to the urban mobility market, with swappable battery technology and best-in-class innovations. We applaud this unprecedented initiative by CIMB to integrate green living solutions to make the most advanced EV technology, features and aesthetics even more accessible to people from all walks of life, enabling smart electromobility for all towards a more liveable, greener future," said Jeff Chong, Group Chief Executive Officer (ASEAN) of Blueshark Ecosystem Sdn Bhd.

Find out more about CIMB’s sustainable finance offerings, including home living, mobility, savings account, wealth management and other attractive deals and solutions at www.cimb.com.my/sac.