Allied Bank Solar System Finance – Full Guide to Installment Plans & Benefits 2025
In a time when electricity costs are soaring and power outages are becoming more frequent, many homeowners in Pakistan are turning toward solar energy for long-term savings and energy independence. To make the transition easier and more affordable, Allied Bank now offers a Solar System Financing Scheme that allows customers to purchase solar systems on easy monthly installments.
In this complete guide, we’ll walk you through the key benefits, per kilowatt cost, installment details, and eligibility criteria for Allied Bank’s solar system installment plan in 2025.
Why Choose Solar Energy?
Before diving into the financial details, it’s important to understand why solar power is a smart investment:
- Save on Electricity Bills: Reduce or eliminate your monthly bills.
- Reliable Energy: Say goodbye to load shedding and power cuts.
- Eco-Friendly: Reduce your carbon footprint and help combat climate change.
- Increase Property Value: Solar-equipped homes are in higher demand.
- Government Support: The SBP provides low markup loans to promote green energy.
What is Allied Bank Solar System Finance?
Allied Bank, in collaboration with the State Bank of Pakistan’s renewable energy scheme, offers low-interest installment plans for installing solar power systems. This financing program is designed for residential consumers who want to switch to solar without paying the full cost upfront.
Key Benefits of Allied Bank Solar System Financing
- Loan Limit: PKR 200,000 to PKR 3,000,000
- Loan Tenure: Up to 7 years (84 months)
- Markup Rate: 6% fixed per annum (SBP subsidized rate)
- Down Payment: Only 30% equity contribution required
- Ownership Flexibility: Financing allowed for properties owned by self, spouse, parents, or children
- No Hidden Charges: Transparent structure with easy application process
Monthly Installment Per Kilowatt
Let’s break down the cost and installment per kilowatt (kW) of solar power using average market prices:
| System Size | Total Cost | Financed Amount (70%) | Monthly Installment (7 years) |
|---|---|---|---|
| 3 kW | 450,000 | 315,000 | 4,700 |
| 5 kW | 750,000 | 525,000 | 7,800 |
| 10 kW | 1,500,000 | 1,050,000 | 15,600 |
Note: Costs are approximate and depend on vendor pricing, brand, battery size, and installation complexity.
Eligibility Criteria Allied Bank Solar System Financing
For Salaried Individuals:
- Age: 21 to 59 years
- Employment: Permanent, minimum 2 years of service
- Banking Relationship: 6+ months with Allied Bank or another bank
- Minimum Net Salary: PKR 50,000/month
For Self-Employed / Business Owners:
- Age: 21 to 59 years
- Business Tenure:
- At least 2 years if banking with Allied Bank
- At least 3 years with other banks
- Income:
- PKR 75,000/month (with ABL)
- PKR 100,000/month (with other banks)
Required Documents Allied Bank Solar System Financing
To apply, you’ll need the following:
- CNIC copy
- 2 recent passport-sized photographs
- Salary slip or bank statement (last 6 months)
- Property ownership documents
- Vendor quotation and site survey report
- Proof of income or tax returns (for business owners)
Step-by-Step Application Process
- Choose a Solar Vendor: Select from Allied Bank’s list of approved vendors.
- Site Survey: The vendor will visit your property and provide a system design with cost estimate.
- Prepare Documents: Gather all required paperwork including proof of income and property documents.
- Visit Allied Bank: Submit your application at the nearest branch.
- Loan Processing: Upon approval, Allied Bank disburses the funds directly to the vendor.
- Installation: Your solar system is installed and connected to your home.
- Start Saving: Begin using clean energy and repay in easy monthly installments.
Conclusion
The Allied Bank Solar System Finance Plan offers an excellent opportunity for Pakistani homeowners to embrace green energy without financial strain. With a low markup rate of 6%, flexible 7-year repayment, and wide vendor support, it’s easier than ever to switch to solar.
Whether you’re aiming to reduce your electricity bills or want to invest in a greener future, now is the perfect time to take advantage of Allied Bank’s solar financing.
