Can’t pay for solar upfront? Many Pakistani banks offer solar financing with monthly instalments. This calculator shows your monthly instalment (EMI), the total profit or markup you’ll pay, and whether your bill savings can cover the instalment.
Solar Loan & Financing Calculator
Bank financing par monthly qist (EMI) aur total kharcha dekhein.
Standard reducing-balance formula. Banks such as Meezan, HBL, Bank Alfalah, Allied and NBP set their own rates, fees, insurance and eligibility; check the latest terms with the bank.
How to use the financing calculator
- Enter the full system cost from your installer’s quote. Not sure? Estimate it with our solar calculator.
- Set your down payment. Many banks ask for 10–30% upfront.
- Enter the bank’s annual profit or markup rate and choose the tenure.
- Add your expected monthly bill saving to see if solar pays for itself while you repay.
How the instalment is calculated
The calculator uses the standard reducing-balance formula that banks use for fixed-rate consumer financing:
EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1)
where P is the financed amount, r is the monthly rate (annual rate ÷ 12) and n is the number of months. Islamic banks such as Meezan price their products as rental or profit rather than interest, but the monthly amount works out in a similar way for comparison.
A Rs 8 lakh system with 20% down payment leaves Rs 6.4 lakh to finance. At 14% a year over 5 years, the instalment is about Rs 14,900 a month. If solar cuts your bill by Rs 20,000, you’re ahead by roughly Rs 5,100 every month from day one.
Banks offering solar financing in Pakistan
Several banks run solar financing products, including Meezan Bank, HBL, Bank Alfalah, Allied Bank, UBL, MCB, Bank of Punjab and NBP. Terms differ a lot between banks and change with the State Bank’s policy rate, so compare these points before you apply:
- Profit or markup rate, and whether it is fixed or floating (KIBOR-linked).
- Processing fees, insurance and any early repayment charges.
- Approved vendor lists: many banks only finance systems from their partner installers.
- Eligibility: salaried or business income, minimum income and credit history.
If your financing is linked to KIBOR, the instalment can rise or fall during the tenure. Ask the bank what your instalment would be if rates go up by 2–3%.
Is financing solar worth it?
Financing makes sense when your monthly bill saving is close to or above the instalment. Under the 2026 net billing rules, savings come mostly from units you use yourself, so size the system to your own use instead of overbuilding for exports.
Frequently asked questions
What is the monthly instalment for a 5kW solar system?
It depends on the cost and the bank’s rate. For a Rs 8 lakh system with 20% down at 14% over 5 years, the instalment is roughly Rs 14,900 a month.
Which bank is best for solar financing in Pakistan?
There’s no single best bank. Compare the rate, fees, tenure and approved vendors at two or three banks, including Islamic options if you prefer, and choose the lowest total cost.
Can I get solar financing without a salary?
Some banks finance business owners and self-employed people with proof of income and bank statements. Requirements vary, so ask the bank directly.
Prices and rules change often. This page was last reviewed on 12 November 2026. Spotted an outdated rate? Tell us and we'll update it.