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Overview

Alfalah Home Solar Finance empowers domestic customers to switch to clean, cost-effective energy by offering easy financing for solar solutions. Whether you need a compact 3KW setup or a system tailored to your household’s needs, this facility provides flexible payment terms, competitive rates, and access to top-tier vendors—helping you cut electricity costs and reduce your carbon footprint.

What you get

  • Financing up to PKR 5 million.
  • Tenure flexibility from 3 to 10 years.
  • Equal monthly installments with competitive insurance rates.
  • Choice of variable or hybrid pricing to match your budget strategy.
  • Access to an extended network of Bank Alfalah–approved solar vendors.

Pricing

Segment Variable Pricing*
Local Salaried 1 Year KIBOR + 3%
Self Employed Professional / Businessmen / Others Segment 1 Year KIBOR + 4%

*Customer may opt 6-months KIBOR as a benchmark

Hybrid Pricing

Bank Alfalah also offers hybrid pricing to fix your installment for certain period and variable thereafter to budget your expense with peace of mind. Terms and conditions apply.

Features & Offerings

Wide Range of Solar Solutions

Install systems from 3KW to meet your household’s specific electricity needs.

Substantial Financing Limit

Borrow up to PKR 5 million to cover your complete solar installation.

Flexible Tenure Options

Repay in 3 to 10 years with equal monthly installments.

Choice of Pricing Plans

Select between variable pricing linked to KIBOR or hybrid pricing for rate stability.

Competitive Insurance

Benefit from affordable coverage, with the first year’s premium paid upfront.

Co-Borrower Support

Include up to two co-borrowers (spouse or blood relatives) to boost eligibility.

Simplified Documentation

Clear and tailored requirements for salaried, self-employed, and business customers.

Approved Vendor Network

Choose from a list of trusted, Bank Alfalah–approved solar providers.

Flexible Payment Options

Make balloon or partial prepayments, or settle early with nominal charges.

Eligibility

Salaried Individuals

  • Citizenship: Valid CNIC/SNIC/NICOP/POC holder
  • Minimum Net Monthly Income: PKR 50,000
  • Age: 25 years until retirement
  • Minimum Experience:

    2 years (Permanent employees)

    3–5 years (Contractual employees)

Self-Employed / Businessmen / Others

  • Citizenship: Valid CNIC/SNIC/NICOP/POC holder
  • Minimum Net Monthly Income: PKR 100,000
  • Age: 25–70 years
  • Minimum Experience: 3 years

Property Ownership Status

  • The property where the solar system will be installed must be residential and owned by the borrower, spouse, or blood relatives.
  • If owned by spouse/blood relatives, an NOC/Undertaking from the owner(s) is required.

Documents Required

  • Loan Application Form / Digital Application
  • Copy of applicant and/or co-applicant’s CNIC/SNIC/NICOP/POC
  • Color photographs of applicant and/or co-applicant
  • Proof of Employment/Business/Profession
  • Documentary evidence of all sources of incomes
  • Copies of all title property documents (if selected)
  • Home Solar - Copy of quotation from Bank Alfalah’s approved vendor

    • Salaried:

    • Latest salary slips or employment letter (stating date of joining, salary breakup and job status)
    • Last 6 months bank statement

    Self Employed / Businessperson:

    • Proof of Income:

      Last 1 Year Bank statement

      Latest tax returns

      Audited financials (if available)

      Income estimation (If required)

    • Professional certificate (in case of self-employed professional)
    • Sole proprietorship proof (in case of sole proprietorship)
    • Partnership deed and Form-C if registered (in case of partnership)
    • For limited companies, MOA, Form A, and Form 29

Important Documents

Note: Additional documents will be required considering customer's profile & segment.

Steps to your Home Solar Finance

  1. Home Solar Finance Application Physical / RAPID portal
  2. Received required documents along with solar vendor quotation
  3. Pre-Screening of submitted documents by the Bank
  4. Processing, verifications, and internal checks etc.
  5. Credit Review & Decision Making
  6. Pre-Disbursement Formalities. Signing of Finance & Charge documents by the customer (s)
  7. Disbursement of Approved Amount

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*Terms & Conditions apply.