National Bank of Pakistan (NBP) has launched a limited opportunity financing package that has a fixed mark up charge of 12.49 percent of two years on the home financing as well as solar panel financing. The offer comes through NBP Roshan Ghar Solar Finance and NBP Saibaan Home Finance schemes.
What is the NBP Solar Panel Scheme?
The solar panel scheme national bank provides financing for residential solar installations nationwide. Under this scheme, customers can finance up to 80% of the solar system cost with an equity contribution of 20%. Financing limits range from PKR 400,000 to PKR 5 million for general applicants and up to PKR 3 million for government employees.
The solar panel scheme, national bank interest rate is set at a fixed 12.49% for the first two years as part of the current limited-time offer. Under standard terms, the NBP solar loan interest rate is calculated at 1-Year KIBOR + 2%.
NBP Solar Loan for Government Employees
The NBP solar loan for government employees includes specific requirements:
- Valid CNIC and clean credit record
- Salary disbursed through NBP
- Minimum net monthly salary of PKR 25,000
- Maximum financing limit of PKR 3 million
- No property mortgage required; employer guarantee or undertaking accepted
The NBP solar loan for government employees requirements also include service tenure of at least one year in the current job and three years total employment history. Age limits are 22 years minimum and up to 60 years at maturity.
NBP Solar Financing Calculator and Application Process
The NBP solar financing calculator is not currently available on the bank’s website. However, applicants can estimate monthly installments using third-party solar loan calculators.
In the case of solar panel scheme national bank apply online option, direct online application facility is non-existent. The successful applicants should go to an NBP branch to provide a completed loan application form, CNIC, evidence of income, all property documents and then a quotation of an SBP (Authenticated solar vendor).
The national bank calculator of the solar panel scheme is not officially operated and reported, but it can be manually calculated using the mark up rate of the scheme, tenure of loan and amount of financing of a scheme.
NBP Saibaan Home Finance
The NBP Saibaan Home Finance scheme offers home purchase, construction, or plot-plus-construction financing up to PKR 35 million, with a fixed markup of 12.49% for the first two years during this promotion. Tenures range from 3 to 20 years, with a maximum loan-to-equity ratio of 70:30.
Terms, Conditions, and Market Impact
Both programs necessitate funding that must be utilized exclusively in residential context and it has time restrictions. The bank has the right to cancel such an offer at the will of the bank.
Market analysts observe that the solar financing scheme of NBP and the fixed-rate home loan may result in increased uptake of renewable energy and increased availability of property financing as property financing market in Pakistan is now seeing an upward trend in terms of demand in solar panel financing and low markups loans among others.
 has launched a limited opportunity financing package that has a fixed mark up charge of 12.49 percent of two years on the home financing as well as solar panel financing. The offer comes through NBP Roshan Ghar Solar Finance and NBP Saibaan Home Finance schemes.){kind=link}