Power your home with Bank Alfalah Home Solar Finance. Generate your own clean energy and reduce your electricity bills. Enjoy the benefits of flexible payment options, competitive rates, and much more with Bank Alfalah Home Solar Finance. Invest today and save future!
Exclusive Features
- Fixed and Variable Markup Rate Options
- Quick and hassle-free processing
- Solar solutions starting from 3KW up to your household needs
- Equal monthly installments
- Competitive insurance rates
Financing
- Financing tenure from 3 years to 10 Years
- Financing amounts up to PKR 5Mn
- Balloon / partial payment (s) and early settlement options are available
- Up to 02 co-borrowers (Spouse/ Blood Relative) can be added
Residential Property Status:
Property where solar system to be installed should be residential and owned by the borrower or his/her spouse or blood relatives. In case property is owned by spouse / blood relatives, NOC/Undertaking is required from owner (s).
Solar Vendors:
Renowned solar vendor companies are enlisted on Bank’s approved panel. You can choose any of the vendor from Bank’s approved solar companies.
Security:
Hypothecation charge on solar equipment to be installed.
Eligibility Criteria:
| Description / Criteria | Alfalah Home Solar Finance | |
|---|---|---|
| Salaried | Self Employed / Businessmen / Others | |
| Citizenship | Valid CNIC/SNIC/NICOP/POC holder | |
| Minimum Net Monthly Income | Rs. 50,000 | Rs. 100,000 |
| Age | 25 Years till retirement | 25 Yeas – 70 Years |
| Minimum Experience | 2 Years | 3 Years |
Pricing
| Segment | Variable Pricing* |
|---|---|
| Local Salaried | 1 Year KIBOR + 3% |
| Self Employed Professional / Businessmen / Others Segment | 1 Year KIBOR + 4% |
*Customer may opt 6-months KIBOR as a benchmark
Hybrid Pricing
Bank Alfalah also offers hybrid pricing to fix your installment for certain period and variable thereafter to budget your expense with peace of mind. Terms and conditions apply.
Requirements:
- A valid CNIC.
- Monthly regular verifiable income streams.
- A good credit history
- Repayment capacity
For more details, please call or email us at home.finance@bankalfalah.com. You can apply online via rapid.bankalfalah.com.
