Finance · September 2026
The cheap SBP solar loan is gone. Banks now price off KIBOR.
Meezan, Alfalah, HBL, Faysal, JS, NBP, BOP all still write rooftop paper. Markup sits in the mid-to-high teens. We are not a bank — we give you a BOM the credit officer can read.
Street terms · confirm at the branch
What 2026 write-ups actually quote.
| Bank | Product (as advertised) | Type | Ceiling (talk) | Tenure | Pricing band | Down |
|---|---|---|---|---|---|---|
| Meezan | Solar Ease / Aasaan / Musawamah | Islamic | ~Rs 25–30 lakh residential | 1–5 yr | Quote-based, mid-to-high teens | ~15% |
| Bank Alfalah | Home Solar Finance | Both windows | ~Rs 50 lakh | 3–10 yr | 1-yr KIBOR + 3–4% | ~15–25% |
| HBL | Renewable / green facility | Conventional | ~Rs 30–60 lakh | up to 7–10 yr | KIBOR-linked, often 17–23% | ~15–20% |
| Faysal | Islami Solar Finance | Islamic | ~Rs 30 lakh | 3–7 yr | Quote-based teens | ~15% |
| JS Bank | Smart Roshni | Conventional | ~Rs 50 lakh | 3–7 yr | Often 18–23% | ~20% |
| NBP / BOP | Roshan Ghar / BOP Solar | Conventional | varies | ~5 yr | Government banks, still commercial KIBOR | ~20% |
SBP subsidised refinance is not on new disbursements. If a branch still says “6% SBP scheme,” get it in writing. Some Islamic products exclude batteries — ask before you size LFP into the loan. Lists disagree; the sanction letter wins.
EMI sketch
Not a bank offer. A number to walk in with.
Reducing-balance EMI. Islamic profit schedules differ. Compare the sanction, not this box.
Documents
Same pile at every bank.
CNIC. Last 6 months bank statements. 3 salary slips or 2 years business proof + NTN. Last 12 electricity bills. Property papers. Installer quotation with SKUs (plates, inverter, LFP, iron). Some banks want an AEDB/PPIB vendor code — we will not invent one.
After net-billing, credit officers like hybrid + self-consumption more than “export 1:1.” Size the array to the bill, not to a 10 kW sticker.