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For Salaried persons
For pension Income Persons
Islamic Mode: Financing to be provided on Islamic concept of Musawamah
Installment: Unequal monthly installments
Profit rate: 6% per annum (fixed)
Financing tenure: Minimum 12 months (1 year) and Maximum upto 60 months (5 years)
Allowed capacity: From 1KW upto 1000KW
Financing amount: Minimum PKR 100,000 and Maximum upto PKR 2000,000
Security collateral: HPA on solar panel and 3 cheques
Residence ownership: Property where solar has to be installed must be owned by applicant. If the place is owned by an immediate family member*, in such case house owner(s) will become co-applicant**. In case of 2 or more owners of property, each and every owner will become co-applicant.
Co-applicant: In case of co-applicant there will be no income requirement from co-applicant.
On-Grid System Down Payment
With credit history ≥ 12 month – Minimum 15% maximum up to 50%
With credit history < 12 months – Minimum 30% maximum up to 50%
Off-Grid System (No Net Metering) Down Payment
Minimum = 30% and maximum up to 50%.
*Immediate family members include parents, spouse, siblings and children
**however, applicant must be residing at provided address
Financing available at a subsidized flat rate of 6% per annum independent of KIBOR.
Financing for residential use available from PKR 300,000 to PKR 4.5million.
Financing for commercial/industrial use available from PKR 2million to PKR 10million.
Financing is available without any need of collateral.
Down payment can be as low as 20%.
Payback within 3 to 5 years.
Monthly payments will be lower than your electricity bill.