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If you want to switch the use of solar energy? but you have no efficient investment for this but ready for using solar energy. So the National Bank of Pakistan (NBP) is making it easier it introduced Roshan Ghar Solar Finance they give financial support salaried employees, business owners, and self-employed for buying solar systems. Solar financial support is given with very low markup rate of 13.99%.This is a very good  for those who want to switch to renewable use for decreasing the electricity bills. in this article we give you complete guidance for applying this financial support for buying solar in this we give information from eligibility criteria and required documents. 

Who can benefit from Roshan Ghar Solar Finance

NBP’s Solar Finance program is designed for The following categories who are eligible:

  • Salaried person: a man who is employed in any field of government federal or provincial, or any private sector and meets required employment criteria are eligible. 
  • Self-Employed/ Business Owners: a person who owns our business and they spend minimum 3 years experience in their current business are eligible for this finance support. 
  • NBP Staff:  the staff of national bank of Punjab Employees with a minimum of 6 months  can apply.
  • Armed Forces: Commissioned officers, junior commissioned officers, and non-commissioned officers with one year of service are eligible.

Loan features and applied limits

 NBP Solar Finance program offers flexible loan terms for those ready to invest in solar energy systems.

  • Loan Amount: The Loans range from PKR 400,000 to PKR 5,000,000.
  • Return time: Financing can extend up to 7 years (84 months), with loan maturity being subject to the applicant’s age bracket.
  •  Requirement: For existing NBP customers, the equity amount is 20% of the loan amount, while new-to-bank (NTB) customers need to provide the same amount upfront.
  • Security: Depending on your status as an existing customer or new-to-bank, you may be required to have property papers, gold, or other proof for security.
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“Affordable Solar Power with Roshan Ghar Finance”

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Required documents for Roshan Ghar Solar Finance

1.Salaried persons:

  • Fill the  Application Form:  first fill the form with Signed by the customer.
  • Copy of CNIC:attach the copy of CNIC for verification.
  • Salary Slip: Last 3 months’ salary slips with a detailed salary.
  • Employment Certificate: A letter or certificate to verify the number of years employed.
  • Photographs: Attach the 2 passport sized photographs.
  • Utility Bill: Latest electricity bill for the subject property to verify the residential address.

2.Self-Employed and Business Owners:

  • Bank Statements: At least 3 months of bank statements with NBP.
  • Property Documents: in the case of property documents you provided complete and ethnic papers to the bank. 
  •  Opinion: you have legal property documents that may be required.

 Process of distributing the Roshan Ghar Solar Finance 

if the application is approved, the loan amount will be disbursed as follows:

  • 80% of the solar system cost will be financed by National Bank of punjab.
  • The remaining 20% will be deposited as equity into the customer’s funding account, will be held for security.
  • Payment to the vendor will be made in the form of a banker’s cheque for the 80% financed amount. The remaining 20% will be paid when the process of installation is completed. 

How to apply for the Roshan Ghar Solar Finance 

If you are interested and want to apply for this solar finance program you can complete the NBP Roshan Ghar Solar Finance application form, available on the official NBP website. should submit fundamental documents, including verification of pay, service bills, and property reports.by going to the official website of the National bank of Punjab.

Conclusion:

NBP’s Solar Finance Facility is a great opportunity for those who want to install solar energy systems to prevent electricity bills. With the help of this financial support with low markup   salary, business owners, and self-employed professionals can switch to solar energy with easy financing options. Whether you are looking to reduce your energy costs or make a long-term investment in sustainable energy, this product is designed to meet your financial needs.

FAQS:

The loan amount ranges from PKR 400,000 to PKR 5,000,000.

Only 13.99% markup is taken by the NBP. 

You can easily return this payment in 7 years with low profit.

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