Solar Home
Markup
Financing is available at fixed 6% mark-up per annum (based on State Bank of Pakistan’s refinance scheme)
Financing Limit
Financing available between Rs. 300,000 to Rs. 2.5 million (without bettaries) and Rs. 3.5 million (with bettaries). Solar Panels as collateral only.
Equity
Minimum equity requirement of 20% of financing amount.
Tenure
Flexible financing tenure of between three (3) to Seven (7) years.
Processing Fee
Processing fee of minimum Rs. 14,000/- plus FED (Rs. 1,000/- upfront non refundable).
Insurance
Insurance offered through reputable insurance partners at a preferential rate.
- Consumer (Short Term - Finance facility)
- All citizens holding CNIC and Tax Payer
Property Ownership
- Property Ownership proof document (Title Deed) along with latest utility & electricity bill
Age
- 25 to 60 years
DBR
- Maximum up to 45% based on Credit checks with Credit Bureaus
Income
Salaried Customers:
Permanent: Rs. 50,000/- per month (For 5 KW System Only)
Permanent: Rs. 75,000/- per month
Contractual:
Rs. 100,000/- per month.
Business Customers: Rs. 100,000/- per month income.
Filled & signed JS GharApna Solar Panel Financing application form
- Copy of CNIC / NICOP (Attested)
- Two (2) Recent Passport Size Photograph (Attested)
- CF-1 Form of every borrower (Duly signed by customer & attested by branch)
- JS GharApna Solar Panel Key Fact Sheet (Attested)
- Bank statements business or personal account with account maintaining certificate should be attested by the branch
- 2 weeks.
- Processing fee / Legal Documentation Charges.
- SBP’s Refinancing Scheme for Renewable Energy - IH&SMEFD Circular No. 10 of 2019.