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Solar Loan

Solar Loan

Solar Loan

This loan may be taken for the installation of the solar power system, home system, solar lightening, power pumps or other solar energy product for the business or personal use. The solar loan shall be provided under the product base lending methodology by Safco in partnership with the solar power companies to disburse the IFC certified solar products only. This loan product can be availed by Safco borrower as loan top-up facility with any loan product at the time of disbursement or during the loan tenure.

Solar Loan

  • Valid CNIC/SNIC
  • Age between 18 – 62 years
  • Permanent resident of the locality for 2 years
  • Operational Business for 2 years

PKR 15,000 to PKR 200,000 (Based on Business Cash Flow and Borrower need)

    • Processing & Registration Fee: 0 (None)
    • Emergency Fund: 1% per annum
    • Financial Income Charges: 25% per year (Under Solar Loan, Group Loan)

        28% per year (Under SME, Personal Loan, Individual Lending)

3 Months/ 6 Months/ 12 Months/ 18 Months/ 24 Months

  • Group/Individual
  • In case of death/ permanent disability