solco announces new home loan deal with amp bankin

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.