Solar Financing in Rawalpindi: Complete Guide 2025
Running a shop or business in Rawalpindi and thinking about solar—but concerned about the upfront cost?
Good news: Over a dozen banks now offer solar financing from ₨. 500,000 to ₨. 10,000,000, with interest rates starting at just 6% and flexible repayment options of up to 7 years.
Whether you’re operating in Raja Bazaar, Saddar Market, or Commercial Market—switching to solar has never been more accessible or affordable.
What’s the Actual Price of a Solar Loan in Rawalpindi?
Keep in mind—a solar loan isn’t just about the panels, it’s also about the cost of financing.
For example, if you install a 3kW system, your monthly payments could fall between PKR 18,000 to 24,000 over a 3-year plan.
Most local banks charge around 6% markup, and may also include insurance fees. As a result, your total cost could end up 15–20% higher than if you paid all at once.
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 |
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 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 |
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 |
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 |
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 |
Final Remarks
Switching to solar in Rawalpindi is no longer just a dream for large businesses—it’s a practical option for small shop owners and service providers too.
With flexible loan options, low markup rates, and increasing support from banks, solar energy is becoming an accessible and smart investment.
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.