Meezan Bank Loan Scheme | Solar Panel Loan 25 Lacs Loan
Meezan Bank Loan Scheme
Meezan Bank Loan Scheme: Meezan Bank Solar Panel Loan is attractive easy and very useful. An interest-free financial loan scheme to promote the adoption of solar energy to gain independence from WAPDA’s billing scheme. It is the cheapest and best way to generate electricity. This program is useful for those people who are worried about paying high electricity bills. And those who cannot pay high electricity bills. Through this program, any Can get up to 25 lakhs for building a home supply system through solar panels. In this article, we will guide you through every aspect of how to get the loan. Want to get this loan through a free loan?
Also Read: HBL Ready Cash Loan Latest News {2024}
Meezan Bank Loan Scheme Solar Panel:
1. Amount For The Installation
Meezan Bank offers loans for solar panel installations ranging from 3 Lacs to 25 Lacs rupees, interest-free, which is a significant amount. You can install a decent solar panel system for all of your home appliances for this money.
2. Meezan Bank Loan Scheme Range Of Solar panels
A large system capacity, from 1 KW to 1000 KW, is offered by this system. The Meezan Solar Panel Plant can accommodate a wide range of capacity needs. You can run all of your home’s appliances inside this range. Additionally, you can use this range of power supplies to run an office or department system in a plaza, school, or academy, among other places.
3. Eligibility Criteria In Meezan Bank Loan Scheme
There are many different and extensive qualifying requirements for this 25 Lacs interest-free loan from Meezan Bank, including business owners, everyday gamblers, employees of the government, entrepreneurs, retirees, and self-employed people. They can reduce their electricity costs by half or less with the aid of this program.
4. Financial Consultations
Meezan Bank offers candidates comprehensive financial counseling to assist them in comprehending the terms, conditions, and qualifying requirements.
5. Upkeep costs
This financing loan scheme pays for installation and maintenance costs in addition to the cost of solar panels. With Meezan Bank’s interest-free loan offer, you can also install solar panels.
6. Application Procedure
Applying for this solar panel loan from Meezan Bank is simple and requires no special skills. By calling the online helpdesk or going to the Meezan Bank branch, you can apply for this program.
7. Options for Repayment
With the possibility to prolong the term up to a maximum of 5 or 6 years, Meezan Bank gives applicants convenient and flexible repayment alternatives. They can select the payment plans that best fit their needs.
8. Interest-Free Meezan Bank Loan Scheme
To let the public profit from the most recent technological developments in solar energy in a natural way, Meezan Bank launched its interest-free solar panel loan program. This makes solar energy the greatest and most financially appealing choice available to consumers.
Main Elements of the Loan Program for Solar Panels
The loan amount for solar system: The maximum loan amount of Rs. 25 lacs is available for Meezan Bank’s Solar Panel Interest-free program, which ranges from Rs. 100,000 to Rs. 2,000,000.
Potential for setup: 1–1000 KW.
Shariah-compliant investment: plan for solar installation (Musawamah).
Duration of payments: The solar panel loan has a repayment period of 12 months to 60 months, with a maximum of 1 year and 6 years.
Eligibility For Meezan Bank Loan Scheme Solar Panel Loan
The following eligibility requirements must be satisfied to apply for Meezan Bank’s interest-free solar panel financing program:
Nationality
Candidates must be of Pakistani nationality and possess a current CNIC. There is no external application process for this program.
Age Restriction
The age range of the main applicant must be between 20 and 60 years old.
Age of co-applicants
The age of co-applicants cannot be greater than 75 years old. The Meezan Bank interest-free loan is not available to applicants who are older than 75.
The primary applicants’ salary
The principal applicant and co-applicants gross compensation (salary) should be at least Rs. 100,000 per month.
Temporary employees
Contractual employees with a year of work experience should receive a gross compensation (wage) of at least Rs. 150,000 per month.
Business Applicants’ Salary
Business applicants must have a gross compensation (salary) of at least Rs. 400,000 per month.
Pension for Senior Citizens
Pensioners should receive a gross pension of at least Rs. 9,000 per month.
Sureties
It is required of the applicant to provide at least two guarantors. An applicant is ineligible to qualify for this Meezan Bank interest-free solar financing program if he is unable to secure two guarantors.
