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Solar System Financing or Loan in Pakistan

Solar Financing Pakistan

State Bank of Pakistan has announced Solar Financing in Pakistan as of now where you can obtain financing anywhere from Rs. 500,000 PKR to Rs. 10 Million PKR. In 2016, SBP amended the criteria for SBP Renewable Energy Finance in Pakistan to promote investment in renewable energy sources by individuals and organisations operating in the industrial, commercial, residential, and agricultural sectors. We can help our clients acquire solar energy systems in Pakistan on affordable monthly installments by providing Solar Financing in Pakistan.

Solar Financing in Pakistan
Solar Financing in Pakistan

The Pakistan government is telling everyone to use solar energy. In order to encourage the widespread adoption and use of solar energy, the Ministry of Finance has mandated that public and private sector banks provide Solar loans in Pakistan at attractive interest rates, which all Pakistanis are encouraged to take advantage of with the help of the following simple financing options.

Which bank financing solar panels in Pakistan?

Alfalah, UBank, Faysal, and JS bank offering schemes for financing individual rooftop solar power systems, so boosting clean energy and significantly reducing environmental impact.

Also Read: 5 Lakh Loan without Interest in Pakistan

Banks offering solar financing are listed below:

Alfalah Green Energy

A term loan in Pakistan arrangement for clients interested in installing solar energy equipment for power generation ranging from 4 KW to 1000 KW with net metering.

Features and Benefits:

  • Customized financing solutions
  • Affordable mark-up rates
  • Repayment tenure of up to 5 years
  • Limit Enhancement facility
  • Replacement Financing (Post Facility Pay-off)

Target Market & Eligibility Criteria / Documentary Requirements:

Individuals / Staff (preferred companies) with an intent of net-metering:

  • Clean e-CIB report
  • Income proof / salary slips / bank statement
  • Utility bills of last 1 year
  • Non-objection certificate from all owners in case of joint property
  • Installment amount should not exceed 20-30% over and above 3-month peak bill average
  • Load applicability assigned by respective DISCO & Vendor survey report

Commercial, SMEs & Agri Business:

  • Clean e-CIB report
  • Proof for being in the business for at least three years (not applicable for Agri customers)
  • Utility bills of last 1 year (not applicable for Agri customers)
  • Non-objection certificate from all owners in case of joint property
  • Installment amount not to exceed 20-30% over and above 3-month peak bill average (not applicable for Agri customers)
  • Load applicability assigned by respective DISCO & Vendor survey report


The registration of the equipment must be done by the Alternative Energy Development Board. Payments shall only be made to pre-vetted suppliers / vendors.

Mark-up Rate:

6% per annum

Frequency of Payments:

Principal: Monthly / Quarterly / Bi Annually
Mark-up: Monthly / Quarterly

Financing Tenure:

Up to 5 years with 3-month grace period

Down Payment:

Self-Owned Premises & Agri Facilities: 20%

Rental & Leased Facilities: 25%

Staff (with an intent of net-metering): 10%


  • Hypothecation of Equipment
  • Personal Guarantees
  • Security Cheques
  • Insurance
  • Mortgage of property, cash / cash equivalent securities (shall be case dependent)

Limit Caps:

(adequate collateral as per bank policy is required for following cases)

Rental Premises Residential customers: above 2.5 million

Owned Premises Residential customers: above 4.0 million

SMEs & Commercial businesses: above 10.0 million

Agri Customers / Business (Farming / Non-Farming): collateral equivalent to loan amount shall be taken for all cases

Maximum Loan Amount for single borrower: 400 million

Processing Charges:

Processing charges Rs. 5,000/- or 0.2% of the loan amount whichever is higher, non-refundable per application


All charges related to insurance for the first year will be collected upfront along with down payment, whereas the remaining charges will be divided and paid in instalments for the remaining years.

UBank Solar Financing

The Solar Financing facilities provided by U Microfinance Bank are designed to assist farmers, micro-entrepreneurs, and households in fulfilling their power and energy needs while keeping them within their budget constraints.

Features include:

  • Loans ranging from PKR 50,000 to PKR 3,000,000 are available.
  • Loan terms of up to 7 years
  • Loan repayment in monthly or semi-annual instalments
  • Minimum deposit and processing time
  • Solar equipment that has been certified

Documents Required:

  • Original CNIC picture (passport size) Proof of business/employment
  • Agri passbook attested copy (agriculture)

Faysal Islami Solar Solutions

Under the Islamic concept of Diminishing Musharka, Faysal Islami Solar Financing gives a fantastic Shariah certified option for your house. Now you might finance a complete photovoltaic panel system from Faysal Financial institution at reduced rates via SBP’s Islamic Refinance Scheme, lowering your month-to-month power expenses. You can now get credit reports for delivering additional power to the National Grid produced by your photovoltaic panel utilizing the net metering billing system.

Diminishing Musharakah (DM) is a sort of joint possession in asset or building in which any one of the joint proprietors undertakes/promises to progressively buy the possession share of the other joint owner(s) till ownership of the joint property or residential or commercial property is entirely moved to the purchasing joint proprietor.

Main features include:

  • Islamic Mode: Declining Minimum PKR 100,000 – Maximum PKR 3,000,000 Musharkah Financing
  • Tenure is flexible, ranging from one to seven years.
  • Profit Rate: 6% per year (Fixed)
  • Repayments: Fixed and Equal Monthly Installment Plan – Installments begin upon asset delivery and installation.
  • Non-refundable Capacity: 4KW to 20KW Processing Fee: 6,000 PKR + FED (Fixed)
  • Minimum equity: 15% of total asset value
  • Takaful Coverage: Takaful coverage on the FBL Panel from reputed Takaful Companies.
  • Co-Partner: There is a co-partner facility available.
  • Brand Partners: Faysal Islami Solar Solutions will be authorised on the Bank’s Panel from credible alternate energy solution providers who will deliver their needed services and are registered with the Alternative Energy Development Board.

Criteria for Eligibility:
Minimum age: 21 years Maximum age of 60 years
Minimum Earnings Requirement:
Individual Salary: PKR 100,000
Individual Self-Employed: 150,000

How to Get Solar Loan Faysal Bank:

To apply, please visit one of our branches or phone our Contact Center at 021 111 06 06 06, or SMS “ISS” followed by “City Name” followed by “CNIC” to 9181.

JS Ghar Apna Solar Solution

The solar panel system at your home can be financed and installed under the one-window solution provided by JS Ghar Apna Solar Panel Financing, which will help you to save costs, save money, and make your life easy.

Criteria for Eligibility:

  • Owner of the residence (House) – where solar panels are to be installed..
  • Computerized National Identity Card (CNIC) holder.
  • Only for residential properties, not semi-commercial or commercial properties.

Checklist of Required Documents:

  • Open a JS Bank account (Current or Savings).
  • Fill up and sign the loan application Application for JS GharApna Solar Panel Financing.
  • Obtain a quote for solar panel installations from the Bank’s authorised energy partner.two (2) passport-size pictures taken recently.
  • CNIC / NICOP CF-1 Undertaking Form Copies
  • JS GharApna Solar Panel Key Fact Sheet Property Ownership Document (Title Deed), as well as the most recent utility bill and electricity bill (for proof of ownership).
  • Bank statements for a corporate or personal account, together with an account maintenance certificate
    Applicant and co-borrower contact information.
  • You must be a current tax payer with an NTN number.
  • Any additional Bank requirements.

Also Read: Education Loan in Pakistan

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