The bank alfalah announced recently for solar panel installment for people that cannot afford solar panels. Now they can also enjoy the solar energy by easy installments. If you want to know all details about Solar panel Installment by bank Alfalah and its eligibility criteria then read the article completely.
Get more information about solar panels click here:
Solar panels installment in Pakistan
The Government of Pakistan recently announced a 2024-25 budget to reduce the import of solar panels. Government also provides subsidy, taxes in Pakistan and other countries for solar panels. Every person has the right to benefit from renewable energy sources. Solar panels are at the top of them. You can decrease your electricity bill by apply Solar panel Installment by bank Alfalahand the other advantage is that you can use electricity at night by installing batteries.
Easy installment plans
In Pakistan many banks provide easy installment on solar panels but in this article we talk about the Solar panel Installment by bank Alfalah with term plan.
The bank of alfalah provides loans to those who produce the 4 Kw to 100Kw electricity. The bank also allows people to sell extra electricity back to the grid.
If you want to get a loan of 500,000 for a solar panel system for 5 years then you have to pay 14636 PKR every month. Everyone can easily pay this amount monthly and get benefit from solar panels.
If you get solar panels through Maryam Nawaz solar panel scheme: CM Punjab solar scheme:
Importance of solar panel installment
Energy benefits:
The installation of solar panels will reduce the electricity bills.
Affordable:
Everyone can afford solar panels on easy installments and cost manage on monthly payments.
Environmental benefits:
By using solar panels the greenhouse gases and carbon footprint are also reduced.
Increase value of property:
After the installation of solar panels the price of your house or property also increased by easy installments.
Eligibility criteria
Criteria for individuals:
- Clean e-CIB report
- Salary proofs / pay slips and also bank statements
- Electricity bills of last 1 year
- Installment amount not increase and 3 months bills on high average
- No objection is on certificate if you have joint property
- Survey report and load report by DISCO
Criteria for Commercial and Agriculture:
- Clean e-CIB report
- Business proof of last 3 years (not for agricultural)
- Electricity bills of last 1 year (not for agricultural)
- Installment amount not increase and 3 months bills on high average (not for agricultural)
- Survey report and load report by DISCO
Suppliers:
The suppliers also registered from Alternative energy development board.
Rate of Markup%:
Per Annum (6%)
Payments frequency:
Principal: Monthly / Quarterly / Annually
Markup: Monthly / Quarterly
Financing Period:
Period of 5 years and 3 months
Down Payments:
Self owned / Agricultural: 20%
Rental facilities: 25%
Staff: 10%
Conclusion
The Solar panel Installment by bank Alfalah is the best way to reduce electricity bills and gives strength to install a wide range of solar panel installations. With very affordable payments every one becomes able to benefit from renewable energy sources that makes little burden on your pocket.so it is good program Solar panel Installment by bank Alfalah.
The bank of alfalah contributed in making clean and green Pakistan by providing easy solar panel installments.
FAQs
- Can we get solar panels on installments?
Yes, we can get solar panels on easy installments through Solar panel Installment by bank Alfalah
- Can we apply for the Maryam Nawaz solar scheme?
Yes, we can apply for free Maryam Nawaz solar scheme.
- What is the phone number of bank alfalah for registration?
You can call your nearest bank alfalah for registration of Solar panel Installment by bank Alfalah.
- How can we get a loan from bank alfalah?
We can get loan for solar panel installment from bank alfalah by completed documents.
