SOLAR FINANCING SOLUTIONS.
Empowering homes with flexible energy finance.
MEEZAN BANK FINANCING
SHARIAH-COMPLIANT SOLAR PANEL FINANCING
Meezan Bank proudly offers interest-free solar panel financing, making clean energy affordable and accessible for homeowners in Karachi, Lahore, and Rawalpindi/Islamabad. With flexible payment plans and expert support, you can reduce your electricity bill by up to 50%. Our financing covers complete solar systems, empowering you to generate your power. Net metering lets you sell excess electricity back to the grid, further lowering costs. Enjoy a hassle-free switch to solar with competitive pricing and a greener footprint. Meezan Solar is your partner for a sustainable future.
There are the following categories
Salaried Person.
Permanent job.
- Nationality: Pakistani, CNIC holder
- Age of applicant: Minimum 20 years and maximum 60 years
- Age of co-applicant: Maximum 75 years
- Employment status: Must be permanent
- Monthly Income: Minimum gross salary PKR 100,000
- Job Tenure: Current employment for at least 2 continuous years
- Income assessment: Payslip, bank statement, appointment letter, and/or audited financials (in case applicant is a paid director)
- Tax payee: Must be an active tax payee with an NTN number
- Credit checks: Bank will conduct bureau checks and will conduct verification of residence and office/business place
- References: Two references required
- Account in MBL:
- Debt Burden Ratio (DBR):
- 40% for new to industry or having a credit history of less than 12 months
- 45% for customers having an established history of 12 months or more
Salaried Person.
Contractual job.
- Income: Minimum monthly gross salary PKR 200,000
- Job Tenure: 03 years at current employer and overall, 05 years of experience. Contract must be with the direct company; third party contracts are not eligible
- Other aspects: Same as aforementioned for permanent job
Pension Income.
Retired Person.
- Nationality: Pakistani, adult, permanent resident, CNIC holder
- Age of applicant: Maximum 70 years at the time of maturity of financing
- Age of co-applicant: Maximum 75 years
- Employment status: Retired* pension holder
- Income: Minimum monthly gross pension PKR 100,000
- Income assessment: Through the pension book, pension bank statement, documents shall be required from a salaried individual if the applicant is still working and getting retired in the financing period, etc.
- Tax payee: Must be an active tax payee with an NTN number
- Credit checks: Bank will conduct bureau checks and will conduct verification of residence and office/business place
- References: Two references required
- Meezan Bank Account:
- Debt Burden Ratio (DBR):
- 40% for new to industry or having a credit history of less than 12 months
- 45% for customers having an established history of 12 months or more
* For an applicant who is currently on a job and is getting retired within the financing period, financing may be allowed for a tenure in which min 75 of % installments should be paid within the employment period and 25% after retirement.
Product Details
- Islamic Mode: Financing to be provided on the Islamic concept of Musawamah
- Installment: Unequal monthly installments
- Financing Tenure: Minimum 12 months (1 year) and Maximum up to 60 months (5 years)
- Allowed Capacity: From 1KW up to 30KW
- Financing Amount: Minimum PKR 100,000 and Maximum up to PKR 2,500,000
- Security Collateral: HPA on solar panel and 3 cheques
- Residence Ownership: Property ownership or owned by an immediate family member
- On-Grid System Down Payment
- With credit history ≥ 12 months – Minimum 15% maximum up to 50%
- With credit history < 12 months – Minimum 30% maximum up to 50%
- Off-Grid System (No Net Metering) Down Payment
- Minimum = 30% and maximum up to 50%.
- Takaful / After sale: Risk & reward will be transferred to the customer after execution of Musawamah contract, so any damage/loss/malfunction/after-sale services will be between the financing customer & the selected energy partner of the Bank.
BANK ALFALAH LIMITED FINANCING
SHARIAH-COMPLIANT SOLAR PANEL FINANCING
A term finance facility for customers willing to install solar energy equipment for the generation of electricity, ranging from 4 KW to 1000 kW, with net metering.
Target Market & Eligibility Criteria.
Documentary Requirements.
Individuals / Staff (preferred companies) with an intent of net-metering:
- Clean e-CIB report
- Income proof/salary slips/bank statement
- Utility bills for the last 1 year
- Non-objection certificate from all owners in case of joint property
- The installment amount should not exceed 20-30% over and above the 3-month peak bill average
- Load applicability assigned by respective DISCO & Vendor survey report
Solar Suppliers: Must be registered by the Alternative Energy Development Board. Payments shall
only be made to pre-approved vendors/suppliers
Mark-up Rate: KIBOR + 3.5% per annum
Installments: Monthly
Financing Tenure: Up to 5 years with a 3-month grace period
Down Payment:
- Self-Owned Premises & Agri Facilities: 20%
- Rental & Leased Facilities: 25%
- Staff (with an intent of net-metering): 10%
Bank Security:
- Hypothecation of Equipment
- Personal Guarantees
- Security Cheques
- Insurance
- Mortgage of property, cash/cash equivalent securities (shall be case dependent)
Financing Limit Caps:
(Adequate collateral as per bank policy is required for the following cases)
- Rental Premises Residential customers: above 2.5 million
- Owned Premises Residential customers: above 4.0 million
- SMEs & Commercial businesses: above 10.0 million
- Agri Customers / Business (Farming / Non-Farming) collateral equivalent to the loan amount shall be taken for all cases
- Maximum Loan Amount for a single borrower: 400 million
Bank Processing Charges: Processing charges Rs. 5,000/- or 0.2% of the loan amount, whichever is higher, non-refundable per application
Insurance: Insurance for the first year will be charged upfront with a down payment and will be billed in instalments for the remaining years
INDUSTRIAL FINANCING.
ORIX LEASING PAKISTAN.
To evaluate and approve financing requests, OLP (Orix Leasing Pakistan) requires customers to submit the following documents and information:
- Company Profile
- A detailed profile of the company, including history, core business activities, product/service offerings, ownership structure, organizational chart, major customers, and suppliers.
- Updated CBFS (Customer Borrower Fact Sheet)
- A duly filled and updated CBFS of the company, covering legal information, business details, banking relationships, existing financing facilities, and credit history.
- Audited Financial Statements – Last 3 Years (FY-23 to FY-24)
- Complete audited accounts of the last three financial years, including:
- Balance Sheet
- Profit & Loss Account
- Cash Flow Statement
- Notes to the Accounts
- Auditor’s Report
- Complete audited accounts of the last three financial years, including:
- Latest Management Accounts (as of June 30, 2025)
- Interim/management accounts reflecting the company’s latest financial position up to June 30, 2025.
- Should include Balance Sheet, Income Statement, and supporting schedules.
- Group Companies / Sister Concerns (if applicable)
- Details of all associated/group companies and sister concerns, including:
- Nature of business
- Relationship with applicant company
- Financial linkages (cross guarantees, inter-company loans, etc.)
- Details of all associated/group companies and sister concerns, including:
- Legal/Corporate Documents
Depending on the nature of the business, one of the following sets of documents must be provided:
- For Partnerships: Form C and Registered Partnership Deed.
- For Private/Public Limited Companies: Form A & Form 9, Certificate of Incorporation (COI), and Memorandum & Articles of Association (if applicable).
- Taxation Documents
- Income Tax Returns for the last three years (both company and sponsors, where applicable).
- Latest tax payment evidence.
- NTN Certificate
- A valid and updated National Tax Number (NTN) Certificate.
- Identity Documents
- Clear, legible, and valid CNIC copies of all Partners, Directors, and Authorized Signatories.
- In case of foreign nationals, Passport copies must be provided.
- All documents must be duly signed, stamped, and verified where applicable.
- OLP reserves the right to request any additional documents for further due diligence.
- Submission of incomplete/unclear documents may delay the financing process.