Financing

Solar Financing Pakistan

Solar Financing Pakistan offers a comprehensive solution, from financing to installation of the solar panel system. We offer Solar Panel financing loan as per conditions. Premier Energy’s state-of-the-art installations have qualified for State Bank of Pakistan’s Refinancing Scheme for renewable energy.

State Bank of Pakistan Solar Financing Scheme for Renewable Energy

It brings us immense pleasure to introduce the Revised Financing Scheme for Renewable Energy launched by the State Bank of Pakistan. With this lucrative offer, all prospects including domestic, commercial and industrial clients shall be allowed to benefit from solar installation at easy monthly installments and at a markup of 2+4=6% only. Please note that the said 4% is further negotiable depending upon the prospect’s relationship with their respective banks. The said loan is available on a 10 years term whilst allowing you to reap a guaranteed return of 25%.

Google Signs up to $2bn Wind and Solar Investment

We are very pleased to announce that after the successful installation of 1MW Grid-Tied System at a Textile Unit in Kabirwala, Premier Energy has now successfully qualified for State Bank of Pakistan Revised Financing Scheme (category II).  Premier’s State of the Art installations have fulfilled.

Prescribed requirements of Alternative Energy Development Board (AEDB) and other relevant Government Departments (Federal or Provincial), in compliance with the prevalent Renewable Energy Policy of the Government of Pakistan.

With the successful implementation of this scheme, solar now has been made affordable for all. As a service provider, we at Premier Energy shall facilitate you throughout the process of loan attainment. (Please find the detailed brochure issued by State Bank of Pakistan attached to this mail).

Please feel absolutely free to ask any question regarding the proposal or any other thing regarding our services. It would be a delight to take your questions.

For More Info Visit:-

SBP Financing Scheme for Renewable Energy

Requision of Refinance Limit under Renewable Energy Refinance Scheme for FY 20xx‐yy

REFINANCE APPLICATION FORM

JS Zarkhez Solar Tubewell Finance Khait Kay Liye Haryali

Premier Energy & JS Bank proudly present JS Zarkhez Solar Tubewell facility that enables you to ­finance Solar Tubewell for your farm, allowing you hassle free extraction of water from the ground for drip irrigation, watering the fields & livestock. JS Zarkhez Solar Tubewell Finance is a term loan facility under the SBP refi­nance scheme, to ensure continuous supply of water through generation of electricity ranging from 4KW to 100KW, with a convenient repayment schedule at a highly subsidized markup rate.

Facility Features

  • Flexible Tenor: Between 3 and 5 years, with quarterly installments for repayment
  • Financing Limit: Rs. 500,000/- to Rs. 2.5 million/-
  • Subsidized Mark up: 6% per annum
  • Minimum Equity Contribution: 20% of Solar Tubewell value
  • Insurance Coverage: Solar Tubewell will be comprehensively insured through reputable insurance partners

Eligibility Criteria

  • Farmer holding CNIC with maximum age of 65 years on expiry of ­finance facility
  • Permanent resident of the area
  • Must be residing within 30 kms radius of the financing branch
  • Must have a clean e-CIB (no defaults)
  • Must be owner of minimum 5 acres of well cultivated land
  • Underground water should be fit/suitable for irrigation

Documents Checklist

  • Two copies passport size photograph
  • Two copies of CNIC
  • Agri-passbook supported by Fard Jamabandi OR copy of Khasra Girdawari in applicant’s name
  • Quotation of Solar Tubewell from the authorized JS Bank’s solar energy partner
  • Irrigation department’s report of water being _t/suitable

 Apply for JS Zarkhez Solar Tubewell

Finance

Step 1: Select your preferred solar energy partner

Step 2: Visit nearest JS Bank designated branch & fill out the JS Zarkhez Application Form

Step 3: Complete document checklist upon approval

Step 4: Solar Tubewell, financed by JS Bank, will be installed by the solar energy partner after completion of post sanction formalities

JS Apna Ghar Solar Panel Financing For Your Ghar!

Premier Energy & JS GharApna Solar Panel Financing offers a comprehensive solution, from financing to installation of the solar panel system, with the best services provided through our energy partners. JS GharApna Solar Panel financing offers loan of up to Rs. 2 million, at a highly subsidized mark-up rate of only 6% per annum. Upon installation of solar panel system at your Ghar, you will experience an increase in your disposable income due to reduction in living expenses through declining electricity bills.

Solar Panel Specifications

All solar panel systems include 10 years warranty of panels & 25 years of performance.

Financing & Equity

JS GharApna Solar Panel Financing offers financing between Rs. 500,000/- and Rs. 2,000,000/-, depending on the number and size of the solar panels being Purchased, with minimum equity contribution of 25% of the financing amount.

 Lowest Mark-up Rate & Flexible Tenure

  • JS GharApna Solar Panel Financing is offered at a highly subsidized mark-up rate of only 6% per annum through a term loan – based on SBP refinance scheme
  • Flexible financing tenure is available for up to five (5) years, with repayments in monthly installments

Hassle-free Monthly Installments

Pay your monthly installment to JS Bank through the savings generated through solar panels. Below is a comparison table of electricity saved against financing amount:

Charges & Insurance

  • Processing Fees of Rs. 10,000/- plus FED
  • Mandatory insurance of solar panel solutions through reputed insurance partners
  • In case installment is not paid within due date then mark-up rate of 1 year KIBOR + 10% per annum is applicable

 Eligibility Criteria

  • Must be Computerized National Identity Card (CNIC) holder
  • Must be owner of the residence – where solar panels are to be installed

 Requirements for Getting Started

  • Open an account at JS Bank (Current or Savings)
  • Fill & sign JS GharApna Solar Panel Financing application form
  • Obtain quotation of solar panels’ system from the authorized energy partner of the Bank
  • Two (2) recent passport size photographs
  • Copy of CNIC/NICOP

Salaried Individuals

  • Last 3 Months’ Pay Slips of the customer
  • 6 Months’ Bank Statement (Salary Account)
  • Employment Certificate
  • Minimum Salary Requirement:
  • Rs. 40,000/- per month for permanent employees
  • Rs. 50,000/- per month for contractual employees
  • Minimum employment duration of 2 years (employment proof is required)

 Businessmen

  • An average of Rs. 100,000/- balance per month
  • Proof of last 2 years of business
  • Last 1 year’s bank statement along with bank certificate for non JS Bank account holders
  • Maximum 3 bank statements for income clubbing
  • Must be an income tax payee

 Apply now for JS GharApna Solar Panel Financing by visiting your nearest JS Bank branch or call 0800-011-22