JS Bank
Bank Alfalah
JS Bank
Zero Carbon & Solar Financing
Zero Carbon has partnered with multiple banks to light your houses with solar panels and encourage a shift towards renewables.
Under this initiative, Zero Carbon helps clients secure loans from partner banks at a mark-up rate as low as 6%. The partnership has already helped thousands of residential, agricultural, and commercial consumers to become energy independent, get their electricity bills reduced to zero, and tackle climate change by shifting towards renewables.
Under the smart solar panel financing solution, the residential and commercial consumers can get long-term solar panels loan financing facility.
Following are the salient features of the Solar Financing initiative:
Mark up
Fixed at 6% per Annum
Equity
Minimum 20% of the Financing Amount.
Charges
Minimum PKR 5,000/-or 0.5% (whichever is higher) of the loan amount.
Collateral
Solar Panel marked HPA to Bank (only through Bank’s Authorized vendors)
Financing
Between Rs. 500,000/-and Rs. 10,000,000/-
Tenure
Between 3 to 5 Years with monthly instalment
Bank Alfalah
Bank Alfalah
Bank Alfalah in collaboration with the State Bank of Pakistan has launched Alfalah Green Energy Program to offer loons to people for solar financing Bank Alfalah initiated this program to help people become energy independent and contribute toward a clean and green environment
Prerequisites to Get Financing:
- Complete application documents with customer’s signatures.
- Copy of property documents verifying Title/Ownership in name of the borrower or his/her blood relative/spouse
(NOC from other owners, in case property, is not owned by the borrower or jointly owned) - Processing fee cheque 6 Months Bank statements
- Copy of valid CNIC
- 2 latest photographs.
- Vendor Survey Report from Banks approved vendor (attached)
Equity
Minimum 20% of the Financing Amount.
Financing
Between Rs. 500,000/-and Rs. 10,000,000/-
Tenure
Between 3 to 5 Years with monthly installment
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