Thursday, 24 August 2023 News Articles

Empowering Sustainability

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Westpac NZ's Innovative Interest-Free Lending Program Extends to Water Tanks 

Water conservation is taking centre stage in New Zealand, and Promax is thrilled to share the latest innovative financing initiative that's making a splash in the sustainability scene. Westpac NZ's groundbreaking "Greater Choices Loan" program, initially designed to promote electric vehicles (EVs), is now creating ripples in the water tank industry, offering interest-free lending for water tank installations.

 

Water Scarcity: A Global Challenge

Water scarcity is not a challenge unique to New Zealand; it's a global concern. Responsible water management and conservation are vital, and one of the key solutions is efficient water storage. That's where water tanks come into play. These tanks help capture, store, and manage rainwater, providing a sustainable source for various domestic and industrial needs.

 

Inspiration from EV Financing

The "Greater Choices Loan" program from Westpac NZ drew inspiration from the success of financing electric vehicles. Offering interest-free loans for EVs significantly boosted their adoption rates, proving that financial incentives can drive sustainable choices. Now, the program is extending its reach to another crucial aspect of sustainability: water tank installations.

 

Benefits of Interest-Free Lending for Water Tanks

This initiative has the potential to transform the water tank industry and contribute to a more sustainable New Zealand:

  1. Affordable Access: Interest-free loans make water tank installations more financially accessible for a wider range of individuals and businesses, promoting water conservation across the board.
  2. Environmental Impact: By encouraging the adoption of water tanks, Westpac NZ is aiding in the reduction of strain on local water resources. This proactive approach aligns with New Zealand's commitment to sustainability and environmental stewardship.
  3. Business Sustainability: Businesses can leverage this opportunity to showcase their commitment to sustainability. Installing water tanks not only reduces operational costs but also demonstrates a commitment to responsible resource management, attracting eco-conscious customers.

 

Join the Sustainability Movement

Promax invites individuals and businesses to explore this remarkable opportunity and make a positive impact on the environment. By participating in Westpac NZ's "Greater Choices Loan" program for water tanks, you're not just investing in your future; you're investing in a more sustainable New Zealand.

 

For more details on this exciting development and how it can benefit you, read the full story here.

 

If you're interested in exploring water tank solutions or have questions about how this program can benefit you, feel free to reach out to us.

 

Call Promax on 0800 77 66 29