Allied Bank Offering Solar Energy Systems on Installments – Here Are the Details

Allied Bank has responded to higher interest in renewable energy in Pakistan by helping homeowners get solar power more easily and affordably. Now, customers can set up solar power with the bank’s financing, leading to lower initial costs and helping to protect the planet.

Why Solar Energy Matters in Pakistan

The country is regularly affected by energy challenges such as insufficient electricity and rising electricity bills. The national grid cannot handle the rising demand caused by more people and more businesses. As a result, households experience regular power cuts and large utility expenses. Since there is sunlight all year round, solar energy is a great solution.

Many homeowners stay away from solar because they see solar system installation as too expensive. Because solar installations are costly, many families are unable to cover the cost all at once. That’s why Allied Bank has introduced a new way to finance solar energy systems..

Making Solar Energy Affordable

To fill this gap, Allied Bank Limited is providing financing where individuals can purchase solar systems and other equipment by paying fixed sums over time. The goal is to make it easier for many families to go green, even if they have hard financial times.

With the offer, individuals can enjoy high-quality solar energy while choosing how to make payments. This new option lets people pay for solar systems a little at a time, saving on energy and costs from day one.

What’s Covered in the Solar Financing Offer?

Though the terms and conditions can change, the offer often covers the following:

•           All the equipment needed for a solar system, including solar panels, inverters, mounting equipment and batteries if needed

•           Installing and setting up costs

Your after-sales service will depend on the company you picked.

The bank enters agreements with licensed solar energy companies so that customers can buy dependable products and receive high-quality installation support.

Eligibility Criteria

Allied Bank’s solar financing is open to employees, company owners and professionals with accounts at Allied Bank.

•           Documents showing your earning and employment or business

•           A credit score that looks good

You are required to own or control the building you wish to place the system on.

Before approving the loan, the bank will assess an applicant’s credit history to set clear loan terms..

Simple and Hassle-Free Application Process

It is easy for people interested in solar energy to apply for financing with Allied Bank. There are just a few steps to the process:

1.   Show interest in Allied Bank by either visiting the site at www.allied.com.pk or contacting them by phone on 042-111-225-225.

2.   Submit your income statements, a copy of your CNIC and tax bills.

3.   Once you get the bank’s approval, they will help you choose a certified solar vendor.

4.   The vendor will visit your site and quote the cost of products and services.

5.   Once the borrower accepts the quotation, the bank finishes the loan process and disburses the money to the vendor.

Once the system is set up at your home, you start to repay it as you and your company decided.

Empowering a Greener Future

Allied Bank’s funding model does more than provide loans—it is moving people towards cleaner, more intelligent and sustainable living. The program goes along with Pakistan’s wider plan to increase renewable energy and lower use of fossil fuels by reducing dependence.

With the installment plan, solar energy is available to more middle-income families, so a wider group of the population can use renewable energy.

Who Should Consider This Offer?

This way of providing finance is suited to:

•             People living in houses with high electricity payments

•             Those who often experience load shedding

•             Individuals who want to switch to cleaner kinds of energy

•             Those who work for a salary or on their own with small capital up front

•             People seeking to invest in property for the future and ensure it’s sustainable If you want to spend less on energy or protect the environment, you could choose solar now—especially since Allied Bank makes it simple.