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Nature of Finance
|
Term Loan
|
Basic Eligibility Criteria
|
Must be a Pakistani resident national, having satisfactory credit history & meeting income, DBR & collateral requirements.
|
Financing Limit
|
Min: Rs. 400,000/- Max: Rs. 5,000,000/-
|
Age Limit
|
Salaried Min:22 years Max: 60 years
SEB/SEP Min:22 Years Max: 65 years |
Length of Service
|
Salaried – Min: 1 Year
SEB/SEP – 3 Years Business Involvement |
Mark-up Rate
|
1 Year KIBOR + 2%
|
Loan Tenor
|
Up to 7 Years
|
Debt Burden Ratio (DBR)
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Up to 50%
|
Loan to Value (LTV)
|
Up to 80% of Solar Equipment value
|
Processing Fees
|
As per SOC
|
Net Income Requirement
|
Salaried Min: Rs. 70,000/- Monthly Salary
Business - SEB/SEP Min: Rs.150,000/- Monthly Income
|
| Repayment |
Monthly Basis |
| |
|
