Meezan Solar financing

Power Your Home with Shariah-Compliant Solar Panel Financing

At Meezan Bank, we believe that clean energy is the way forward, and we’re committed to helping you make the switch with confidence. Our Solar Panel Financing Program is designed to provide you with affordable and accessible options to invest in renewable energy while also saving money on your energy bills. With Meezan Bank, you’ll have access to flexible payment plans, competitive pricing, and expert guidance to help you navigate the process with ease.

Meezan Solar offers financing of complete solar panel systems for your home. You can lower your monthly electricity bill by up to 50%, by availing an interest-free solar financing solution. Meezan solar is ideal for homeowners for generating their own source of power. Through net metering, excess power generated by solar energy may also be sold back to the national electricity grid, resulting in a greener environment.

Note: Solar Panel financing will be exclusively available in Karachi, Lahore and Rawalpindi/Islamabad

key benefits

Project

Eligibility Criteria

  • Nationality: Pakistani, adult, permanent resident, CNIC holder
  • Age of applicant: Minimum 20 years and maximum 60 years or up to the age of retirement at the time of maturity
  • Age of co-applicant: Maximum 75 years
  • Employment status: Must be permanent
  • Income: Minimum monthly gross salary PKR 100,000
  • Job Tenure: Current employment for at least 2 continuous years
  • Income assessment: Through payslip, bank statement, appointment letter, employment letter and / or audited financials (in case applicant is a paid director)
  • Tax payee: Must be an active tax payee with NTN number
  • Credit checks: Bank will conduct bureau checks and will conduct verification of residence and office / business place
  • References: Two references required
  • Financing for flats: Financing for flats / apartments is not available.
  • Account in Meezan Bank: Mandatory. If applicant currently does not have any account in Meezan Bank, it will be opened to offer financing.
  • Maximum Debt Burden Ratio (DBR):
      • 40% for new to industry or having a credit history less than 12 months
      • 45% for customers having established history of 12 months or more
  • Income: Minimum monthly gross salary PKR 200,000
  • Job Tenure: 03 years at current employer and overall, 05 years of experience. Contract must be with direct company, third party contracts are not eligible
  • Other aspects: Same as aforementioned for permanent job
  • Nationality: Pakistani, adult, permanent resident, CNIC holder
  • Age of applicant: Minimum 30 years and maximum 65 years at the time of maturity of financing
  • Age of co-applicant: Maximum 75 years
  • Income: Minimum monthly gross income PKR 500,000
  • Business Tenure: At least 05 years
  • Income assessment: Through Bank statement, Audited Accounts, Tax returns. Etc
  • Tax payee: Must be an active tax payee with NTN number
  • Credit checks: Bank will conduct bureau checks and will conduct verification of residence and office / business place
  • References: Two references required
  • Financing for flats: Financing for flats / apartments is not available.
  • Account in Meezan Bank: Mandatory. If applicant currently does not have any account in Meezan Bank, it will be opened to offer financing.
  • Maximum Debt Burden Ratio (DBR):
    • 30% for new to industry or having a credit history less than 12 months
    • 35% for customers having established history of 12 months or more
  • Nationality: Pakistani, adult, permanent resident, CNIC holder
  • Age of applicant: Maximum 70 years at the time of maturity of financing
  • Age of co-applicant: Maximum 75 years
  • Employment status: Retired* pension holder
  • Income: Minimum monthly gross pension PKR 100,000
  • Income assessment: Through pension book, pension bank statement, documents shall be required from a salaried individual if applicant is still working and getting retired in financing period, etc.
  • Tax payee: Must be an active tax payee with NTN number
  • Credit checks: Bank will conduct bureau checks and will conduct verification of residence and office / business place
  • References: Two references required
  • Financing for flats: Financing for flats / apartments is not available.
  • Account in Meezan Bank: Mandatory. If applicant currently does not have any account in Meezan Bank, it will be opened to offer financing.
  • Maximum Debt Burden Ratio (DBR):
    • 40% for new to industry or having a credit history less than 12 months
    • 45% for customers having established history of 12 months or more

* For an applicant who is currently on job and is getting retired within the financing period, financing may be allowed for a tenure in which min 75% installments should be paid within employment period and 25% after retirement.

Use our Calculator to Determine your Payment Plan!


Solar Panel Payments Calculator

Please enable JavaScript in your browser to complete this form.
Name

How to Apply

Visit your nearest Meezan Bank branch or call our 24/7 Call Centre at 111-331-331 / 111-331-332 to initiate your application.

List of Required Documents

List of Approved Energy Partners

Application forn

Contact our Dedicated Representatives

(Monday to Friday between 9am to 6pm)

Mr. Azeem Ullah

Cell No : 0331 2592705
Karachi

Mr. Azeem Ullah

Cell No : 0331 2592705
Karachi

Mr. Azeem Ullah

Cell No : 0331 2592705
Karachi

Would you like more information?

Fill out the form below and you will be contacted by a Meezan Bank representative.
Please enable JavaScript in your browser to complete this form.
Name