SB Finance, a subsidiary of Security Bank Corporation, has partnered with Vietnamese electric vehicle manufacturer VinFast to offer financing packages for electric motorcycles in the Philippines, as reported by TeknoGadyet . The initiative is designed to make electric two-wheelers more accessible to Filipino consumers through affordable installment plans and competitive interest rates.
The partnership addresses a growing demand for sustainable transportation in the Philippines, where motorcycles are a primary mode of transport. By combining VinFast’s electric motorcycle lineup with SB Finance’s lending expertise, the companies aim to lower the upfront cost barrier and accelerate the shift away from fossil-fueled vehicles.
Neither company has disclosed specific loan terms or the models included, but the move aligns with Philippine government efforts to promote electric vehicles through tax incentives and infrastructure development. This financing program could set a precedent for other banks and EV makers eyeing the local market.