🏦 Updated April 2026 — Real bank rates

Solar Financing Calculator
Pakistan 2026

Calculate your exact monthly installment for Meezan Bank, Faysal Bank, Bank Alfalah, HBL and JS Bank solar loans. Based on official 2026 bank rates — not estimates.

Meezan Bank — 6% p.a.
Faysal Bank — KIBOR+3%
Bank Alfalah — up to 10 years
HBL — up to 8 years
JS Bank — 6% fixed
Calculate your installment
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Meezan Bank
6% p.a. fixed · Islamic
Faysal Bank
KIBOR+3% · Islamic
Bank Alfalah
Variable · up to 10yr
HBL
Profile-based · 8yr
JS Bank
6% fixed · batteries incl.
Allied Bank
6% fixed · SBP scheme
Meezan Bank Solar: Rs 1L–25L financing. Islamic Musawamah (variable decreasing installments). Min income Rs 100k/mo (salaried). Cities: Lahore, Karachi, Islamabad, Rawalpindi.
Total solar system cost (Rs)Rs 8,00,000
Rs 1 LakhRs 25 Lakh
Down payment (%)20%
15%50%
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Your monthly installment, total cost, and full payment schedule will appear here. Based on official 2026 Pakistan bank rates.
All Pakistan Solar Financing Banks — 2026

Official rates sourced from bank websites. Rates subject to change — verify with your bank before applying.

BankMax LoanTenureRateMin IncomeDown PaymentSpecial
Meezan BankMost Popular Rs 25 Lakh 1–5 years 6% p.a. fixed Rs 1 Lakh/mo 15–30% Islamic Musawamah. Variable decreasing installments. Batteries NOT included.
JS BankBatteries included Rs 35 Lakh 3–7 years 6% p.a. fixed Rs 1 Lakh/mo 20% Only bank that includes lithium battery cost in financing.
Allied Bank Rs 30 Lakh up to 7 years 6% p.a. fixed Rs 1 Lakh/mo 20% SBP Renewable Energy scheme. Equal monthly installments.
Bank AlfalahLongest tenure Rs 50 Lakh 3–10 years KIBOR+spread Rs 1 Lakh/mo 20–25% Longest tenure (10yr) = lowest monthly payment. Variable rate.
Faysal Bank Rs 1 Crore 1–7 years KIBOR+3% Rs 1 Lakh/mo 20% Largest loan limit. Islamic Diminishing Musharakah. Includes off-grid batteries.
HBL Rs 1.2 Crore up to 8 years Profile-based Varies 20% Best for large commercial systems and farmers (tubewell scheme).
Meezan Bank note: Installments are NOT equal — they are variable and decreasing (Diminishing Musharakah). First installment is highest, last is lowest. The calculator shows approximate average. Actual schedule varies.
KIBOR rate note: Faysal Bank and Bank Alfalah use KIBOR-linked rates. As of April 2026, 1-Year KIBOR is approximately 12–13%. So Faysal rate ≈ 15–16% p.a. This changes monthly with SBP policy rate.
Best choice for most homes: Meezan Bank (6% fixed, Islamic, easy process) or JS Bank if you need batteries financed. For large systems above 25 Lakh, go to Faysal Bank or Bank Alfalah.
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