Meezan Bank Solar Financing

Meezan Bank solar financing is offering massive support to the solar energy industry in Pakistan. Due to the country’s increasing demand for solar energy, many financial institutions, including Bank Alfalah Green Energy and Faysal Bank Solar Financing, among others, have entered this emerging industry under the guidelines of the State Bank of Pakistan. Meezan Bank is one of the leading Islamic banks, operating over 900 branches nationwide. The bank also finances solar panel consumers through a Shariah-compliant policy, utilizing the Meezan Bank solar financing product.
Meezan Bank has introduced a Shariah-compliant solar financing program—officially called Meezan Bank Solar Financing—designed to help people finance solar panel systems with manageable payments, in line with Islamic banking principles, and with transparent terms. This guide covers everything: how it works, eligibility, benefits, and what to watch out for.

Key features of Meezan Bank Solar Financing

Under the Islamic concept (Shariah)
Easy monthly installments
Loan Tenure is 1 to 5 years
Eligible capacity is 1KW to 1000KW
The financing amount is from 100,000 PKR to 2,500,000 PKR
The home property must be in the name of an applicant or a family member, who can be added as a co-owner in the application
A down payment for an off-grid system can be from 30% to 50%
A down payment for an on-grid system can vary from 15% to 30% depending on credit history
Bank processing charges of 5,000 PKR
The financing amount will include the costs of the inverter, solar panels, wiring, and installation.
The bank is not offering financing for solar batteries and net metering. These costs will be paid by the customer themselves.
Do not cover net metering, Inverters & batteries
Meezan does not offer financing for flats/apartments under this scheme.

Eligibility Criteria For Meezan Bank Solar Financing

For The Salaried Persons (Permanent and Contractual)

Pakistani national with permanent residency
The minimum age is 20 years, and the maximum is 60 years
The age of the co-applicant is 75 years
Employment status must be permanent
The minimum monthly salary for a permanent employee is 100,000 PKR, and for a contractual one, it is 200,000 PKR
The job tenure for permanent employees continues for 2 years, and for contractual employees, it is 3 years with the current employer and 5 years of experience.
Income assessment will be through pay slips, account statements, and employment letters.
An active taxpayer with an NTN number
The bank will verify credit history through the ECIB (Electronic Consumer Information Bureau) report and verification for the office or home.
An account opened with the Meezan Bank is mandatory for solar financing.
The minimum (DBR) Debt burden ratio is 40%
DBR will calculate through this formula: Monthly installment / Monthly income

For The Business Individual

Pakistani national with permanent residency
The minimum age is 30 years, and the maximum is 65 years
The age of the co-applicant is 75 years
The minimum monthly gross income should be 500,000 PKR
Business tenure is at least 5 years
Income assessment will be through bank account statements and tax returns.
Two References are required
An active taxpayer with a National Tax Number (NTN)
The bank will verify credit history through the ECIB (Electronic Consumer Information Bureau) report and verify business or home ownership.
An account opened with the Meezan Bank is mandatory for solar financing.
The minimum (DBR) Debt burden ratio is 30%
DBR will calculate through this formula
Monthly installment / Monthly income

For The Pension Holders

Pakistani national with permanent residency
The minimum age is 70 years
The age of the co-applicant is 75 years
Employment status must be retired, and the pension holder must
The minimum monthly gross pension is 100,000 PKR
Income assessment will be through the pension book, bank statements, and employment documents.
An active taxpayer with an NTN number
The bank will verify credit history through the ECIB (Electronic Consumer Information Bureau) report and verify the office or home address.
An account opened with the Meezan Bank is mandatory for solar financing.
The minimum (DBR) Debt burden ratio is 40%
DBR will calculate through this formula
Monthly installment / Monthly income

How to Apply for Meezan Bank Solar Financing?

Visit a Branch or Contact Meezan
- You can apply at your nearest Meezan Bank branch or contact their call center for guidance. Their official website also has a section dedicated to solar financing information.
Get a Quotation
- Customers must obtain a quotation from one of Meezan Bank’s officially approved solar vendors. This ensures that the equipment and installation meet the bank’s quality standards.
Submit Required Documents
- You’ll need to provide copies of your CNIC, the latest electricity bill, proof of property ownership, income verification (such as a salary slip or business proof), and tax documents (like an NTN).
Maintain a Meezan Bank Account
- To proceed with the financing, you must have an active Meezan Bank account. If you don’t already have one, the bank will guide you in opening it.
Sign the Financing Agreement
- After approval, you will complete the necessary Islamic financing agreement (Musawamah contract), provide post-dated cheques, and sign the relevant documents.
Survey and Installation
- After completing the paperwork, the bank and vendor may conduct a site survey. After approval, the solar system is installed, and you begin repayments through convenient monthly installments.

Meezan bank solar financing calculator

The Meezan Bank Solar Financing Calculator is an easy-to-use online tool that helps customers estimate the cost and monthly installment for purchasing a solar power system under Meezan Bank’s Green Energy Financing scheme. By entering details such as the total solar system price, down payment, and financing tenure, users can instantly view their estimated monthly payment and total payable amount. This calculator helps homeowners and businesses plan their shift toward renewable energy with clear financial insights. Meezan Bank’s initiative supports eco-friendly investments, making solar energy adoption more affordable and convenient across Pakistan. The calculation process is transparent and easy, ensuring there are no hidden charges. It encourages individuals and businesses to adopt renewable energy with financial confidence. Through this facility, Meezan Bank plays a key role in promoting clean and sustainable energy in Pakistan.
The Meezan solar panel payment calculator on the bank’s official website can help you determine your payment plan.

Conclusion

In conclusion, Meezan Bank Solar Financing provides a smart and Shariah-compliant way to switch to renewable energy without financial stress. The scheme helps customers own efficient solar systems through easy monthly installments, making green energy more accessible to everyone. With transparent calculations and flexible repayment plans, Meezan Bank ensures a smooth and affordable financing experience. It empowers households and businesses to reduce their electricity bills while contributing to a cleaner environment. The initiative also supports Pakistan’s shift toward sustainable energy independence. Overall, it’s a reliable and beneficial solution for anyone planning to invest in solar power.

What is Meezan Bank Solar Financing?

Shariah-compliant financing to buy and install a solar system on easy monthly installments.

How much funding can I get?

From PKR 100,000 to PKR 2.5 million (up to PKR 3 million for premium customers).

Is it interest-free?

Yes. It uses a profit-based Islamic financing model (Musawamah), not interest.

Who can apply for Meezan Bank Solar Financing?

Salaried persons, business owners, and pensioners who are Pakistani citizens and taxpayers.

How to apply for Meezan Bank Solar Financing?

Visit a Meezan Bank branch, submit the required documents, and obtain a vendor quotation.

Meezan Bank Solar Financing

Key features of Meezan Bank Solar Financing