Allied Solar System Finance 2025

Allied Solar System Finance is a solar financing product of Allied Bank in Pakistan. Like many other banks, Allied Bank Pakistan is also saying goodbye to high electricity bills and hello to sustainable green energy. Under the State Bank of Pakistan’s financing scheme, Allied Bank offers solar loans at low markup rates to consumers of solar panels. Allied Solar System Finance is a loan facility provided by Allied Bank Limited (ABL) in Pakistan, designed to help homeowners install solar energy systems through manageable monthly installments. It offers a practical solution to rising electricity costs and unreliable power supply, allowing consumers to embrace clean energy without a heavy upfront investment. Solar panel customers can easily apply by visiting any Allied Bank branch in Pakistan.

What is Allied Solar System Finance?

Allied Solar System Finance offers a consumer-friendly financing program, enabling individuals and businesses to purchase and install solar energy systems without the full upfront cost. Instead, customers can spread the payment over easy monthly installments while immediately benefiting from reduced electricity bills. Unlike conventional loans, this facility is specifically tailored for solar energy projects and comes with flexible terms, ensuring affordability for both middle-class households and commercial clients.

Allied Solar System Finance Features & Benefits

Loan amount from 200,000 PKR to 3 million PKR
The repayment period is up to 7 years
Equity is a minimum of 30%
No hidden charges
A secure financing facility can be availed for a living house (for personal use, parents, son, or daughter).
The processing fee will be charged only after the bank approves the loan
The markup variable rate for a salaried person is 1-year KIBOR + 3%
The markup variable rate for a businessman is 1-year KIBOR + 3%
No hidden charges; processing fee only applied post-approval
Standard pricing of Allied solar system finance is 6%
The balloon payment facility is available
Late payment charges will be applicable
Backed by Allied Bank’s extensive branch network across Pakistan
Approved Vendors: Solar panels, inverters, and batteries must be purchased through certified vendors to ensure quality and long-term performance.

Allied Solar System Finance Eligibility Criteria

Be a Pakistani resident with a valid CNIC.
The age limit is 21 to 59 years
For a salaried person, 2 years of permanent employment are necessary
The net salary limit for an employee is 50,000 PKR
For a business person, the 2-year relationship should be with the same business
Own the property where the solar system will be installed.
The Net monthly income for the businessman ranges from 75,000 to 100,000 PKR, depending on the banking relationship with Allied Bank.
Maintain an Allied Bank account (new accounts can be opened if required).

Allied Solar System Finance Documents

CNIC copy of the applicant
CNIC copy of co-owner, if applicable
Two passport-size pictures
Income proof, salary statements, Income estimation report, OR business proof
Bank statements
Income tax return
Property ownership proof
Bank account maintenance letter
Personal guarantee and letter of access from co-borrower (if any)
Survey report by solar panel vendor (Vendor should be from Allied Bank’s given list)
Proprietorship letter, if applicable

How Can I Apply For Allied Solar System Finance?

Initial Inquiry – Visit the nearest Allied Bank branch or contact their customer helpline for solar financing details.
Quotation from Vendor – Obtain a quotation from an ABL-approved solar system provider.
Submit Documents – Provide CNIC, proof of ownership, income documents, NTN (if applicable), and an electricity bill.
Financing Agreement – Once approved, sign the Islamic-compliant financing agreement and provide post-dated cheques.
Upon approval and payment of the processing fee, the bank disburses funds directly to the vendor for installation.
Site Survey & Installation – The vendor and bank conduct a site survey, after which the solar system is installed.
Monthly Installments – Repay in easy installments and enjoy savings on your electricity bills.

Why Does Solar Financing Matter in Pakistan?

Soaring Electricity Prices – With bills doubling in recent years, solar has become more of a necessity than a luxury.
Government Initiatives – State Bank actively promotes renewable energy projects through financing schemes.
Energy Security – Solar reduces Pakistan’s reliance on imported fuels and helps ensure energy independence.
Sustainability Goals – Transitioning to clean energy supports global climate action targets.

Conclusion

Allied Solar System Finance is paving the way for affordable and sustainable energy solutions in Pakistan. By offering flexible financing options, they enable homeowners and businesses to adopt solar power without incurring heavy upfront costs. This approach not only supports clean energy growth but also reduces dependence on conventional electricity, ultimately helping customers save money while protecting the environment. With their reliable financial plans and commitment to renewable energy, Allied Solar System Finance is making solar energy accessible for everyone. By choosing Allied Solar Financing, you’re not only cutting down your electricity bills but also contributing to a cleaner, greener, and more energy-independent Pakistan.

Frequently Asked Questions About Allied Solar Finance

What is Allied Solar Finance?

Allied Solar Finance offers flexible financing options for solar energy systems, enabling customers to pay in affordable installments rather than a significant upfront cost.

Who can apply for Allied Solar Finance?

Both residential and commercial property owners in Pakistan can apply, provided they meet the bank’s eligibility criteria, such as income verification and credit assessment.

How can I apply for Allied Solar Finance?

Applications can be submitted through Allied Bank branches or their official website, where customers need to provide basic documents and financial details.

What is the interest rate for Allied Solar System Finance?

Under SBP’s Refinancing Scheme: As long as the State Bank of Pakistan’s refinance scheme is available, Allied Bank offers a fixed 6% per annum markup rate for solar financing.

Allied Solar System Finance 2025

Allied Solar System Finance Features & Benefits