Solco Ltd (ASX: SOO) today announced a commercial arrangement with AMP Banking, under which Solco’s customers will have access to discounted home loans. Under the arrangements, AMP Banking will also rebate brokerage to Solco which will be used to help fund Solco’s sustainable water and power solutions in developing countries. Solco customers will have access to a home loan package that provides a 0.80% pa discount off the AMP Banking’s standard variable rate (as well as other benefits such as no establishment or ongoing annual fees) to the home owner when they utilise Solco products which are designed to reduce household water and power bills while having positive environmental outcomes. “By purchasing environmentally friendly Solco products, consumers will not only significantly reduce the household’s monthly power and water costs while also making a contribution to reducing greenhouse gas emissions but will now also have the opportunity to apply for a discounted home loan package through AMP Banking,” said Solco Managing Director Duncan Stone. He said the home loan package was part of the total sustainable water and power product offering to its residential customers. These products include solar hot water systems and heat pumps, rainwater harvesting, grey water, home insulation, highly efficient home heating and cooling systems, and solar power. Solco’s mission is to make a significant contribution towards changing the way the world accesses water and power, creating a sustainable and healthy environment for the planet while improving the populations’ quality of life. “A percentage of every new Solco-AMP Banking Home Loan will go towards assisting Solco achieve this vision,” Mr Stone said. A copy of the Solco-AMP Home Loan Brochure is attached. Full details of this package will be available on Solco’s website at www.solco.com.au in the coming weeks.
GOE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
