What does a 5 kW system cost per month on a bank solar loan?

At Rs 150,000 per kW the system is PKR 700,000. With 20% down and 3 years, the lowest published-rate product is Allied Solar System Finance at about PKR 17,150 a month (15.68%, 1-year KIBOR plus the bank's spread), repaying PKR 617,387 in all on PKR 490,000 financed. Over 5 years the same product is PKR 11,833 a month but PKR 709,962 in total.

How does Oraan's plan compare?

Oraan charges a fixed service fee on the amount, split evenly over 10 or 5 months; nothing compounds and there is no rate. On PKR 560,000 that is PKR 67,760 a month for 10 months (PKR 677,600 in all) or PKR 123,760 for 5 months (PKR 618,800). The monthly figure is higher than a bank's because the term is 10 months, not 3 to 7 years; the total repaid is what to compare. The plan covers Rs 15,000 to Rs 1,000,000.

Which is cheaper overall, the bank or Oraan?

It depends on the term. On the default system the bank loan over 3 years costs PKR 127,387 in markup; Oraan's 10-month plan costs PKR 117,600 in service fee and the 5-month plan PKR 58,800. A longer bank term lowers the monthly amount and raises the total. The tool shows both so you can pick the one you can actually carry each month.

Why is the bank rate an estimate?

Banks publish a spread over KIBOR, not a rate: NBP is 1-year KIBOR + 2%, Alfalah and Allied + 3%, JS and MCB + 3.5% (MCB on the 6-month). We add the spread to SBP's KIBOR offer rate as on 5 October 2026 (6-month 12.39%, 12-month 12.68%). KIBOR moves, the rate is repriced through the loan, and a self-employed applicant usually pays 0.5 to 1 point more. The figure you are offered will differ.

Is there still a 6% solar loan?

Not for a household today. The State Bank's renewable-energy refinance scheme, which let banks lend at up to 6%, was last extended to 30 June 2024, and no bank now advertises a residential solar product at that price. Every published rate in October 2026 is KIBOR-linked, which puts it between about 14.7% and 16.2%.

Solar Financing Calculator Pakistan: Bank Loans vs Oraan

Every bank solar product with a published rate, and Oraan's plan, on the same system: monthly amount, total repaid, cost of financing. Reviewed 6 October 2026.

The full comparison

Sorted by monthly instalment. Banks are computed on a reducing balance, equal monthly instalments, at the indicative rate. Oraan's plan is a fixed service fee on the amount, split evenly; it is not a rate and is not shown as one.

Product	Type	Rate	Term	Monthly	Total repaid	Cost of financing
Allied Solar System Finance30% minimum equity applied, so Rs 490,000 financed	Conventional	15.68%	36 mo	PKR 17,150	PKR 617,387	PKR 127,387
Allied Aitebar Solar System Finance30% minimum equity applied, so Rs 490,000 financed	Islamic	15.68%	36 mo	PKR 17,150	PKR 617,387	PKR 127,387
NBP Roshan Ghar Solar Finance	Conventional	14.68%	36 mo	PKR 19,325	PKR 695,698	PKR 135,698
Alfalah Home Solar Finance	Conventional	15.68%	36 mo	PKR 19,600	PKR 705,585	PKR 145,585
MCB Green Ghar Finance	Conventional	15.89%	36 mo	PKR 19,658	PKR 707,671	PKR 147,671
JS Smart Roshni Solar Solution Financing	Conventional	16.18%	36 mo	PKR 19,738	PKR 710,559	PKR 150,559
Oraan instalments, 10 months	Oraan	fixed fee	10 mo	PKR 67,760	PKR 677,600	PKR 117,600
Oraan instalments, 5 months	Oraan	fixed fee	5 mo	PKR 123,760	PKR 618,800	PKR 58,800

What each bank offers

Read from each bank's own product page on 6 October 2026. Figures banks do not publish are marked.

Product	Type	Published pricing	Term (years)	Amount	Equity	Processing fee
NBP Roshan Ghar Solar Finance	Conventional	1 Year KIBOR + 2%	up to 7	Rs 400,000 to Rs 5,000,000	min 20%	As per schedule of charges
Alfalah Home Solar Finance	Conventional	1 Year KIBOR + 3% (salaried); + 4% (self-employed)	3 to 10	up to Rs 5,000,000	not published	Not published on the product page
Allied Solar System Finance	Conventional	1-Year KIBOR + 3% (salaried); + 3.5% (self-employed), variable	up to 7	Rs 200,000 to Rs 3,000,000	min 30%	Charged after approval, per schedule of charges
Allied Aitebar Solar System Finance	Islamic	1-Year KIBOR + 3% (salaried); + 3.5% (self-employed), Diminishing Musharakah	up to 7	Rs 200,000 to Rs 3,000,000	min 30%	Per schedule of charges
MCB Green Ghar Finance	Conventional	6 Month KIBOR + 3.5%	up to 7	Rs 200,000 to Rs 5,000,000	min 20%	Per schedule of charges (Rs 7,000 in the July to December 2026 schedule)
JS Smart Roshni Solar Solution Financing	Conventional	1 year KIBOR + 3.5%	3 to 7	Rs 500,000 to Rs 10,000,000	min 20%	Per schedule of charges

NBP. Financing up to 80% of equipment value. Minimum salary Rs 25,000.
Bank Alfalah. Systems from 3 kW. Minimum income Rs 50,000 salaried, Rs 100,000 self-employed. Equity not stated on the page.
Allied Bank. Minimum salary Rs 50,000; age 21 to 59.
MCB. Equity 20% salaried, 25% self-employed. Minimum income Rs 75,000 / 150,000. Property mortgage above Rs 1.5 million.
JS Bank. Collateral, hypothecation of the system and post-dated cheques required; mandatory insurance.

Rate on application

These exist but publish no rate, so they are not in the computed table.

Meezan Solar (Islamic): up to 5 years, up to Rs 2,500,000; processing fee not published. Musawamah sale. Up to Rs 3 million for Premium Banking. Batteries not financed. Meezan's site could not be reached on the day; figures from an aggregator, unverified.
Bank Alfalah Islamic Green Finance (Islamic): 3 to 10 years, not published, equity from 20%; processing fee per schedule of charges. Diminishing Musharakah, 3 to 100 kW, financing up to 80%.
BOP Solar (Conventional): up to 7 years, up to Rs 5,000,000, equity from 20%; processing fee not published. Up to Rs 500,000 unsecured over 3 years; up to Rs 5 million against property over 7. Page last updated July 2024.
HBL: No solar product on hbl.com; only HBL PersonalLoan at a fixed 35.99%, 12 to 48 months.
Faysal Bank: No retail solar financing page on faysalbank.com could be found; only a 2025 interest-free partnership with Akhuwat.

How the figures are worked out

Bank instalment: the financed amount after your down payment, at the indicative annual rate divided by twelve, over the number of months, on a reducing balance. That is the standard equal-instalment formula every bank's own calculator uses. Total repaid is the instalment times the months; cost of financing is total repaid minus the amount financed. Processing fees, insurance and stamp duty are not included; each bank charges them on top.

Oraan: the service fee is 21% of the amount over 10 months or 11% over 5, added once and divided evenly. There is no interest and no compounding, so it is not shown as a rate; annualising a fixed fee over ten months into a percentage would not describe what you pay.

What this tool cannot know

Your rate. Banks price salaried and self-employed applicants differently and reprice with KIBOR. We use the salaried spread on today's KIBOR.
Whether you qualify. Minimum income, age, debt-burden ratio, property for a mortgage above a threshold: each bank has its own list, summarised above.
The real system cost. Rs 110,000 to 200,000 per kW spans the market in 2026; your quote decides.
Processing fees that sit in a schedule of charges rather than on the product page. Ask before signing.
Oraan's final plan. It is confirmed in the app after review; the figure here is the published fee on the amount.

Sources: NBP: NBP Roshan Ghar Solar Finance · Bank Alfalah: Alfalah Home Solar Finance · Allied Bank: Allied Solar System Finance · Allied Bank: Allied Aitebar Solar System Finance · MCB: MCB Green Ghar Finance · JS Bank: JS Smart Roshni Solar Solution Financing · Meezan Bank: Meezan Solar · Bank Alfalah: Bank Alfalah Islamic Green Finance · Bank of Punjab: BOP Solar · HBL · Faysal Bank · State Bank of Pakistan: KIBOR · State Bank of Pakistan: Financing Scheme for Renewable Energy