Overview
- Banco Ciudad is offering fixed-rate loans of up to $28 million at 20% TNA for taxis and remises over up to 48 months, and up to $2.8 million at 22.5% TNA for electric motorcycles over up to 36 months.
- Financing covers up to 70% of the vehicle price with an estimated payment-to-income guideline of about 30%, with initial payments cited at roughly $808,000 for the car cap and $101,000 for the moto cap.
- Applicants must submit a proforma invoice, hold valid licenses with minimum tenure, and accredit income; delivery riders also need registration in the city’s official roll and documented platform activity.
- The lines apply only to fully electric models and plug‑in hybrids, excluding conventional hybrids, and applications are processed through the Banco Ciudad website.
- The loans are part of a wider plan that includes 400 planned public chargers, patent tax exemptions, and electric public transport such as buses and the 2026 Trambus, as officials note just 608 full EVs and 457 PHEVs registered today with limited public charging.