Solar Financing in Faisalabad: Your Complete Guide

If you live in areas like D Ground, Madina Town, Sumandri Road, or Jaranwala Road, and have been delaying your solar plans due to high upfront costs, there’s good news.

As of 2025, over a dozen top banks in Pakistan are offering solar loans specifically for people like you, residents and business owners in Faisalabad.

You can now install a solar system with loans starting from ₨. 500,000 up to ₨. 10,000, with easy repayment plans.

Let’s get straight to the point.

Also Explore: Today’s Solar Plate Price in Faisalabad

Smart Questions to Ask Before Choosing a Bank

If you’ve ever dealt with banks in Pakistan, you know how fast things can get murky.

Solar financing isn’t any different. Many banks don’t give you the full story upfront. Some leave out key details until you’ve already signed.

That’s why it’s crucial to ask the right questions early:

Are there any hidden charges I should be aware of?
Is insurance included? What does it actually cover?
Does the loan cover everything—panels, inverter, installation, and net metering?
What exactly are the repayment terms?

A little clarity now can help you avoid headaches down the road.

What Does a Solar Loan Really Cost You?

Taking a solar loan means you’re not just covering the price of the system—you’re also paying for the convenience of spreading out the payment.

For example, if you install a 3kW system, your monthly payments might fall between PKR 18,000 and 24,000 over a 3-year loan period.

Most banks charge around 6% in interest, and some may include insurance or processing fees. This can push your total repayment 15–20% higher than paying upfront.

Still worth it? Absolutely—if you plan your budget carefully and know exactly what you’re signing up for.

HBL Solar Rozgar cheme

HBL’s Solar Rozgar scheme targets Faisalabad’s industrial zones, offering loans for systems up to 1 MW.

Feature	Details
Loan Amount	₨1–12 million
Interest Rate	6% fixed
Tenure	12 years (3-year grace period)
Eligibility	Industrial NTN, 2-year operational history

HBL collaborates with the Faisalabad Chamber of Commerce to prioritize textile factories.

Bank Alfalah Solar SME Program

Bank Alfalah’s Solar SME Program focuses on Faisalabad’s small and medium enterprises.

Feature	Details
Loan Cap	₨8 million
Interest Rate	5.5% for Faisalabad-based SMEs
Repayment	Quarterly installments over 8 years
Special Feature	50% collateral reduction for FESCO pre-approved projects

Meezan Bank Green Energy Murabaha

Meezan Bank’s Green Energy Murabaha offers Sharia-compliant financing for residential and commercial projects.

Feature	Details
Financing Range	₨500,000 – ₨10 million
Profit Rate	7.2% (includes Takaful insurance)
Tenure	3–10 years
Eligibility	Property ownership in Faisalabad, 6-month income proof

The bank reports 2,300 solar-funded households in Faisalabad since 2023.

Bank of Punjab (BOP Solar Initiative)

BOP’s program emphasizes agricultural solar solutions in Faisalabad’s rural outskirts.

Feature	Details
Loan Focus	Solar tubewells, poultry farm electrification
Amount	₨300,000 – ₨4 million
Interest Rate	4.5% for first 2 years (rising to 6%)
Repayment	Harvest-season adjusted installments

JS Bank (Solar Plus)

JS Bank’s Solar Plus targets residential complexes in Faisalabad’s Jinnah Colony and Peoples Colony.

Feature	Details
Loan Amount	Up to ₨3.5 million
Interest Rate	6% fixed
Tenure	7 years
Unique Benefit	Free FESCO net metering application support

Soneri Bank Solar Scheme

Soneri Bank offers tiered financing for Faisalabad’s commercial sector.

Feature	Details
Loan Range	₨2–15 million
Interest Rate	6.5% (commercial), 5.8% (residential)
Security	Hypothecation of solar assets
Tenure	5–12 years

NBP Solar Scheme

NBP prioritizes Faisalabad’s industrial estates, including the Value Addition City and M-3 Industrial City.

Feature	Details
Loan Cap	₨20 million
Interest Rate	5.75% for export-oriented industries
Subsidy	1% rebate for early repayment
Tenure	10 years

Al Baraka Bank Green Musharaka

Al Baraka’s Green Musharaka program uses diminishing partnership models.

Feature	Details
Financing Range	₨1–8 million
Profit Rate	7.5% (includes asset management fees)
Eligibility	Faisalabad property valuation matching 120% of loan amount
Tenure	5–8 years

Faysal Bank Solar Scheme

Faysal Bank’s Solar for Industry scheme supports Faisalabad’s textile mills.

Feature	Details
Loan Amount	Up to ₨25 million
Interest Rate	6.25%
Repayment	Linked to export proceeds
Collateral	Mill machinery hypothecation

Faisalabad Solar Solutions (Private Company)

This local provider offers in-house financing for residential systems.

Feature	Details
Loan Amount	₨400,000 – ₨2.5 million
Markup Rate	8% (no bank involvement)
Tenure	3 years
Unique Offer	Free maintenance and performance guarantees

Eligibility Criteria for Faisalabad Applicants

To qualify for solar loans in Faisalabad:

Residential: Valid CNIC, proof of property ownership, and FESCO bill history (1 year).
Commercial: NTN registration, 2-year audited financials, Faisalabad Chamber of Commerce membership.
Industrial: SECP registration, environmental compliance certificates, energy audit reports.

Application Procedure for Solar in Faisalabad

Document Submission: CNIC, property documents, income statements (residential) or balance sheets (commercial).
Technical Assessment: Partner firms like Punjab Energy Works evaluate site viability.
FESCO Approval: Banks coordinate net metering applications (14–21 days).
Disbursement: 85% of the loan is released post-panel installation; the balance after FESCO approval.