Alfalah Green Energy

A term finance facility for customers willing to install solar energy equipment for generation of electricity ranging from 4 KW to 1000 KW with net metering.

Features and Benefits:

• Customized financing solutions
• Affordable mark-up rates
• Repayment tenure of up to 5 years
• Limit Enhancement facility
• Replacement Financing (Post Facility Pay-off)

Target Market Eligibility Criteria / Documentary Requirements:

Individuals / Staff (preferred companies) with an intent of net-metering:

• Clean e-CIB report
• Income proof / salary slips / bank statement
• Utility bills of last 1 year
• Non-objection certificate from all owners in case of joint property
• Installment amount should not exceed 20-30% over and above 3-month peak bill average
• Load applicability assigned by respective DISCO Vendor survey report

Commercial, SMEs Agri Business:

• Clean e-CIB report
• Proof for being in the business for at least three years
• Utility bills of last 1 year
• Non-objection certificate from all owners in case of joint property
• Installment amount not to exceed 20-30% over and above 3-month peak bill average
• Load applicability assigned by respective DISCO Vendor survey report

Suppliers:

Must be registered by Alternative Energy Development Board. Payments shall only be made to pre-approved Vendors / suppliers

Mark-up Rate:

6% per annum

Frequency of Payments:

Monthly / Quarterly / Bi Annual

Financing Tenure:

Up to 5 years with 3-month grace period

Down Payment:

• Self-Owned Premises Agri Facilities: 20%
• Rental Leased Facilities: 25%

Security:

• Hypothecation of Equipment
• Personal Guarantees
• Security Cheques
• Insurance
• Mortgage of property, cash / cash equivalent securities (shall be case dependent)

Limit Caps:

• (adequate collateral as per bank policy is required for following cases)
• Rental Premises Residential customers: above 2.5 million
• Owned Premises Residential customers: above 4.0 million
• SMEs Commercial businesses: above 10.0 million
• Agri Customers / Business (Farming / Non-Farming): collateral equivalent to loan amount shall be taken for all cases

Processing Charges:

Processing charges Rs. 5,000/- or 1% of the loan amount whichever is higher, non-refundable per application