Alfalah Green EnergyAlfalah Green Energy

Alfalah Green Energy

A term finance facility for customers willing to install solar energy equipment for generation of electricity ranging from 4 KW to 1000
KW with net metering.

Features and Benefits:

  • Customized financing solutions
  • Affordable mark-up rates
  • Repayment tenure of up to 5 years
  • Limit Enhancement facility
  • Replacement Financing (Post Facility Pay-off)

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 of last 1 year
  • Non-objection certificate from all owners in case of joint property
  • Installment amount should not exceed 20-30% over and above 3-month peak bill average
  • Load applicability assigned by respective DISCO & Vendor survey report

Commercial, SMEs & Agri Business:

  • Clean e-CIB report
  • Proof for being in the business for at least three years (not applicable for Agri customers)
  • Utility bills of last 1 year (not applicable for Agri customers)
  • Non-objection certificate from all owners in case of joint property
  • Installment amount not to exceed 20-30% over and above 3-month peak bill average (not applicable for Agri customers)
  • Load applicability assigned by respective DISCO & Vendor survey report

Suppliers:

Must be registered by Alternative Energy Development Board. Payments shall only be made to pre-approved vendors / suppliers

Mark-up Rate:

6% per annum

Frequency of Payments:

Principal: Monthly / Quarterly / Bi Annually
Mark-up: Monthly / Quarterly

Financing Tenure:

Up to 5 years with 3-month grace period

Down Payment:

  • Self-Owned Premises & Agri Facilities: 20%
  • Rental & Leased Facilities: 25%
  • Staff (with an intent of net-metering): 10%

Security:

  • Hypothecation of Equipment
  • Personal Guarantees
  • Security Cheques
  • Insurance
  • Mortgage of property, cash / cash equivalent securities (shall be case dependent)

Limit Caps:

(adequate collateral as per bank policy is required for 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 loan amount shall be taken for all cases
  • Maximum Loan Amount for single borrower: 400 million

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 down payment and will be built in instalments for remaining years

Apply Now Or you can apply for Alfalah Green Energy at the branch.
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