Solar Financing in Pakistan
State Bank of Pakistan has initiated Solar Financing Pakistan, through Solar Financing in Pakistan get Rs. 500000/- PKR to PKR Rs. 10 Million PKR in Pakistan. SBP has issued revised criteria for SBP renewable energy financing in Pakistan in 2016. Through Solar Financing scheme, we can encourage people who are belonging to the industrial, commercial, residential, and agricultural sector to invest in renewable energy sources. Through Solar Financing in Pakistan we can facilitate our customers to purchase solar energy systems in Pakistan on easy month installments.
This program shall allow more people to use renewable energy sources, which will help in attaining a free and uninterrupted supply of electricity. The excess energy which is produced shall be available to other people through Net Metering so it will impact the whole nation.
The eligibility criteria to qualify for this program have been kept very simple and easy to cope with the original objective of the program that is to encourage more people to use renewable energy by making it affordable. The eligibility criteria contain only these two requirements:
- Must hold a Computerized National Identity Card (CNIC)
- The borrower or his/her blood relative/spouse must verify the title/ownership of property
Mark Up Rate
The markup rate has been set economical to make sure more people can afford it, and become a part of this initiative. The markup rate has been decided 3+3=6 per annum by the SBP. The 3% can further be negotiated depending upon your relationship with your bank.
|Rate of Refinance||Maximum bank/ DFI’s Spread||Maximum End User Rate|