Smart Roshni
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. 500,000 to Rs. 10 million . 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
Minimum PKR 6,000/- or 0.5% of loan amount (whichever is higher).
Insurance
Insurance offered through reputable insurance partners at a preferential rate.
- SME / Corporate.
- Businesses / Retail Stores / SME/ Corporate
- Last 1 year of business proof / Property Ownership document along with latest utility & electricity bill [In case the property is not owned (leased / rented) NOC would be required]
- Filled in SME loan applications.
- Filled in application form of Smart Roshni - SME.
- Copy of valid CNIC / NICOP.
- Copy of NTN.
- Quotation of the Solar Systems through authorized energy partner.
- Two (2) Recent Passport Size Photograph.
- Audited Accounts (Financial Statements) / Managing Accounts, as per SBP regulations.
- Last 1 year of business proof .
- Last 1 year bank statement is required along with bank certificate for non JS Bank account holders Maximum 3 Bank statements of at least 1 year.
- Personal Guarantee of the owners / directors (only sponsor directors in case of limited companies).
In case of a Partnership, the following documents will be required:
- CTC Partnership Deed.
- Partnership Mandate / Resolution.
- Borrowing Resolution.
- Personal Guarantee of the Partners.
In case of a Private Limited Company, the following documents will be required:
- Certificate of Incorporation.
- Memorandum of Association.
- Article of Association.
- Board Resolution.
- Latest Form A.
- Latest Form 29.
- Personal Guarantee of the Directors.
- 30 Days.
- Processing fee / Legal Documentation Charges.
- SBP’s Refinancing Scheme for Renewable Energy - IH&SMEFD Circular No. 10 of 2019