| Product | “BOK Roshan Ghar” Finance {Home Solar Power System} |
| Eligibility | Permanent Employee, with minimum service history of 5 years. Age 22 to 58 years, it shall not be more than 60 years at the time of maturity of finance facility. Average monthly verifiable income should be 3 times of the proposed monthly installment; with minimum monthly salary of PKR 25,000/-. Proposed loan installment plus other finance facilities installments (if any) should be less than 50% of the take home salary / income. Equipments to be purchased from BOK approved vendors. |
| Facility Amount | Category A: Minimum PKR 50,000/- Maximum PKR 200,000/- Category B: Minimum PKR 200,001/- Maximum PKR 500,000/- Category C: Minimum PKR 500,001/- Maximum PKR 2,000,000/- Debt: Equity Ratio 75 : 25 {based on approved vendor's sale invoice}, exclusive of installation & transportation charges. Applicant must deposit its minimum 25% share with BOK while applying for facility. |
| Period of Finance | 6 months to 5 years |
| Markup Rate | Floating markup rate 1 year KIBOR plus 600 pbs |
| Repayment | Installment will be due on 1st of each month. |
| Insurance | Borrower’s life insurance from Askari General Insurance Peshawar (0.3%+taxes). |
| Late Payment | A penalty of 2% on delayed installment amount; i.e. after 15th day. |
| Early Adjustment | Premature payment penalty @ 2.0% to be charged if loan adjusted within first year of disbursement. |
| Processing Fee | Rs 5,000/- plus FED. |
| Securities | Category A PG of BOK customer maintaining average balance more than proposed loan amount OR Govt employee of grade 17 /above. Category B Two PGs of BOK customers maintaining average balance more than proposed loan amount OR Govt employees of grade 17 /above. Category C Mortgage of residential House (where system is being installed) OR Any other tangible security approved by Group Head Post dated cheques with the interval of six months from the date of disbursement for the outstanding amount as per tentative repayment schedule will be obtained at the time of disbursement. |
| Vendor | Address | Telephone | |
| Solar System Pakistan (Pvt) Ltd | UG 59, Eden Tower, Main Boulevard Gulberg III, Lahore | 042-35753450 | sskazi81@hotmail.com |
| Mansha Brothers | 17-A, Khayaban-e-Iqbal, XX Block, DHA, Lahore | 042-6676191 / 042-111500111 | javediqbal@manshabrothers.com shahidlone@manshabrothers.com |
| Premier Energy (Pvt) Ltd | 42-E/1, Ghalib Road, Gulberg - III, Lahore | 042-35239100/02 | daniyal.siddiqui@premierenergy.com.pk |
| JKS Pvt Ltd | Suite # 7, 3rd floor Al-Latif Centre, Main Boulevard Gulberg III, Lahore | 042-35781111 / 37804796 | karrar.ali@jks-int.com |
| Pakistan Solar Services | Office # 9, 3rd floor B B Mall, Gulistan e Johar Karachi | 021-34160010 | k.rahil@paksolarservices.com |
| Pak Shamsi | 13, Arbab Shakeel Plaza Opposite Police Public School, Board Jamrud Road., Peshawar | 091-5611918 | info@pakshamsi.com |
| Akhter Solar Limited | Sector E-7 House no. 310 Aurengzeb Road Islamabad. | 051-2656651-2 | sales@akhtersolar.com |
