Solar System on Installments in Multan: 2025 Guide
Want to switch to solar in Multan but worried about the high upfront cost?
You don’t need to pay everything at once anymore. Multiple banks now offer solar loans between ₨. 500,000 and ₨. 10,000,000, with low markup (around 6%) and easy repayment terms up to 7 years.
From Gulgasht Colony to New Multan, local businesses can now enjoy affordable solar energy without the financial burden.
How Much Does a Solar Loan Really Cost in Multan?
Don’t forget—a solar loan means you’re also paying interest, not just for the system.
Say you go for a 3kW setup. Your monthly installments might range from PKR 18,000 to 24,000 on a 3-year financing plan.
With an average 6% bank markup and possible insurance add-ons, your total expense could rise 15–20% above a cash purchase.
Is it a smart move? Absolutely—if you’re clear on the loan terms and manage your budget properly.
List of Banks and Their Solar Financing Programs
Meezan Bank
Meezan Bank offers Sharia-compliant solar financing through diminishing musharaka agreements.
| Feature | Details |
|---|---|
| Financing Range | ₨1–15 million |
| Profit Rate | 7% (includes administrative fees) |
| Tenure | 5–10 years |
| Eligibility | CNIC, property ownership, NTN registration |
JS Bank (Smart Roshni Program)
JS Bank’s flagship program targets Peshawar’s residential and commercial sectors.
| Feature | Details |
|---|---|
| Loan Cap | ₨3.5 million (residential), ₨10 million (commercial) |
| Interest Rate | 6% fixed |
| Repayment | Monthly installments over 7 years |
| Unique Benefit | Free energy audit |
Bank Alfalah
Bank Alfalah provides term finance for solar systems up to 1 MW with net metering.
| Feature | Details |
|---|---|
| Loan Range | ₨2–15 million |
| Interest Rate | 5.5–6% |
| Tenure | 5–8 years |
| Collateral | Hypothecation for loans under ₨5 million |
Soneri Bank
Soneri Bank offers tiered financing based on project scale.
| Feature | Details |
|---|---|
| Residential Loans | Up to ₨3 million (hypothecation only) |
| Commercial Loans | ₨3–5 million (additional collateral required) |
| Interest Rate | 6.5% (residential), 7% (commercial) |
| Tenure | 3–10 years |
Allied Bank Financing
Allied Bank offers both conventional and Islamic solar financing solutions designed to help individuals install solar power systems on residential properties.
| Feature | Details |
| Loan Amount | Up to Rs. 3,000,000 |
| Loan Tenure | Up to 7 years |
| Down Payment | 30% of project cost |
| Markup Rate | 6% per annum (fixed) |
| Balloon Payments | Up to 4 allowed (after 1 year, 1-year gap between each) |
| Salaried | Permanent employee, Rs. 50,000 min net salary, 6 months banking history |
| Self-Employed | 30% of the project cost |
Bank of Punjab (Shamsi Tawanai Scheme)
BOP’s program emphasizes agricultural and SME solar adoption in Peshawar’s rural areas.
| Feature | Details |
|---|---|
| Loan Focus | Solar tubewells, agro-processing units |
| Amount | ₨300,000 – ₨4 million |
| Interest Rate | 4.5% for first 2 years (rising to 6%) |
| Repayment | Harvest-season adjusted installments |
National Bank of Pakistan (NBP)
NBP supports Peshawar’s industrial estates, including Hayatabad Industrial Zone.
| Feature | Details |
|---|---|
| Loan Cap | ₨20 million |
| Interest Rate | 5.75% for export-oriented industries |
| Subsidy | 1% rebate for early repayment |
| Tenure | 10 years |
MCB Islamic Bank
MCB Islamic Bank offers Shari’ah-compliant solar financing through its Solar Energy Solution Finance product, operating under the Diminishing Musharakah model.
| Feature | Details |
|---|---|
| Financing Mode | Diminishing Musharakah |
| Maximum Financing | Up to PKR 20 million |
| Financing Tenure | Up to 10 years |
| Customer Contribution | 20% |
| Takaful Rates | Competitive |
Bank Islami
Bank Islami couples financing with technical support for commercial projects.
| Feature | Details |
|---|---|
| Loan Amount | Up to ₨10 million |
| Interest Rate | 6.5% |
| Value-Add | Free maintenance for 1 year |
| Tenure | 7 years |
Faysal Bank
Faysal Bank’s Solar for Industry scheme targets Peshawar’s textile and manufacturing sectors.
| Feature | Details |
|---|---|
| Loan Amount | Up to ₨25 million |
| Interest Rate | 6.25% |
| Repayment | Linked to export proceeds |
| Collateral | Machinery hypothecation |
Concluding Words
Solar energy is reshaping how businesses in Multan manage their energy costs.
Thanks to easy financing and competitive loan terms, even small to mid-sized businesses can make the switch without breaking the bank.
If you’re operating in areas like Hussain Agahi, Gulgasht, or New Multan, don’t wait. Invest in a cleaner, more sustainable future for your business.
Content Writer | Assistant Manager (Electrical) at IESCO
As a passionate content writer, I’m on a mission to make solar hassle-free for you through my expert guides and easy-to-digest content.