Allied Aitebar Solar System Finance is a Shari’ah Compliant term finance facility designed on the principles of Diminishing Musharakah, which allows you to start generating your own electricity and reduce your monthly electricity expenditures
- Simple and easy documentation
- No hidden cost
- Flexibility to choose payment period from 1 year to 7 years
- Monthly installment payment
- Personal Equity: Minimum 30% and Maximum 80%
- Financing amount from Rs. 200,000/- to Rs. 3,000,000/-
This facility is currently being offered in selected cities only including Karachi, Lahore, Rawalpindi / Islamabad, Gujranwala, Sialkot, Multan, Hyderabad and Faisalabad
Salaried Individuals
- Salaried individual working as permanent staff.
- Minimum length of employment 2 years.
- Minimum net monthly salary of Rs.50,000/-
- Minimum six (06) months’ relationship with ABL/Other bank(s).
- Six (6) salaries to be credited during last 6 months with ABL/Other bank(s).
Self Employed Individuals (Self-Employed Professionals/Self-Employed Businessman)
Having Relationship With ABL
- Self Employed individuals maintaining depository relationship with the Bank for past 1 year.
- Length of respective business/profession should be minimum 2 years.
- Minimum net monthly income of Rs. 75,000/-
Having Relationship with Other Banks
- Self-Employed individuals maintaining depository relationship with any other bank for past 2 years.
- Length of respective business/profession should be minimum 3 years.
- Minimum net monthly income of Rs. 100,000/-
Affluent Individual This segment may include salaried/self-employed individual
- The account holders maintaining an average balance of Rs.500,000 for the last one year with ABL shall fall under category.
- The applicant is required to present verifiable proof of income along with fulfilling the minimum income criteria and other related requirements.
Employees of Corporate under Corporate Arrangement
- Salaried individual working as permanent or on direct contract (Excluding 3rd Party Contract).
- Minimum length of employment of 2 years with existing employer.
- Minimum net monthly salary of Rs.40,000/-
6% rate under refinance scheme of SBP*
*Till such time refinance is not available to the Bank. l YK + 2% will be applicable