Bank Alfalah solar finance calculator
Work out the instalment on Bank Alfalah Home Solar Finance at 1-year KIBOR plus the bank's published margin.
Monthly instalmentPKR 19,348
- Rate used (KIBOR + 3%)
- 15.75% a year
- Amount financed
- PKR 800,000
- Total markup
- PKR 360,900
- Income check (PKR 50,000 a month for salaried applicants)
- Meets the minimum
- Down paymentPKR 200,00015%
- Amount financedPKR 800,00059%
- Interest or markupPKR 360,90027%
- Balance left
Year by year
| Year | Principal paid | Interest paid | Balance left |
|---|---|---|---|
| 1 | PKR 114,190 | PKR 117,990 | PKR 685,810 |
| 2 | PKR 133,532 | PKR 98,648 | PKR 552,277 |
| 3 | PKR 156,150 | PKR 76,030 | PKR 396,127 |
| 4 | PKR 182,599 | PKR 49,581 | PKR 213,528 |
| 5 | PKR 213,528 | PKR 18,652 | PKR 0 |
- Variable pricing means the instalment can change when KIBOR resets. The bank also offers a hybrid option that fixes the instalment for a period.
- Age: 25 to retirement for salaried, 25 to 70 for self-employed. Systems from 3 kW, on a residential property, from an approved vendor.
- Terms checked 2026-10-22 on bankalfalah.com, Home Solar Finance product page. Fees are in the bank's schedule of charges.
- Results are estimates. Banks add fees, insurance and their own rounding, so your lender's figures may differ slightly.
About this calculator
Bank Alfalah Home Solar Finance lends up to PKR 5 million for a complete home solar installation, repaid over 3 to 10 years. Pricing is variable and linked to 1-year KIBOR.
Enter your quotation and the calculator applies the bank's published margin for your income type to show the instalment and total markup.
How it works
- Rate = 1-year KIBOR + 3% for salaried customers, or + 4% for self-employed and business customers, as published by the bank.
- Amount financed = system cost minus your contribution.
- The instalment uses the standard reducing-balance formula. The real instalment will move as KIBOR resets.
Common questions
- What is the Bank Alfalah solar finance limit?
- Up to PKR 5 million for a complete installation, according to the bank's product page.
- Who can apply?
- The bank lists a minimum net income of PKR 50,000 a month for salaried and PKR 100,000 for self-employed applicants, aged 25 and above.
- Is there an Islamic option?
- Yes. Bank Alfalah Islamic offers a separate green finance product for home solar with its own terms.
Not affiliated with Bank Alfalah. Based on the bank's public page; confirm current terms with the bank.