How to get solar panel easily? Meezan Bank has introduced a special solar financing facility for household customers in Karachi, Lahore and Islamabad, Rawalpindi. Under this scheme, homeowners can get financing in easy and interest-free installments to install a complete solar panel system on their homes. This financing is completely Sharia-compliant and is provided under Islamic principles so that people can reduce their electricity bills by getting clean and affordable energy

Visit Now:https://cmsolarscheme.punjab.gov.pk/

How to get solar panel?Eligibility Criteria

🇵🇰 Applicant should be a Pakistani citizen
🎂 Age limit should be between 20 to 60 years
💰 Monthly gross salary should be at least Rs. 1 lakh
👨‍💼 Must have at least two years of experience in the current job
📊 Applicant should be an active taxpayer and credit report should be correct
🏠 Proof of permanent residence should be provided
🏦 Must have a Meezan Bank account
🚫🏢 This facility is for prospects only and not available for flats or apartments
📈 Maximum loan to value ratio can be 45% and up to 40% if the customer is new

Also Read:2025 price update for solar panels in Pakistan

How to get solar panel financing for salaried individuals

💰 Monthly gross salary should be at least 200,000 Pakistani Rupees
🧑‍💼 Must have been working for at least 3 years at the current salary
📅 Must have a total work experience of at least 5 years
⚠️ Otherwise, the same conditions will apply

How to get solar panel financing for business people

🎂 Age limit should be between 30 and 65 years
💵 Monthly income should be at least five hundred thousand Pakistani rupees
🏢 The applicant’s business should be ongoing and profitable for at least 5 years
📄 The applicant must be an active taxpayer
📉 The debt burden ratio should be a maximum of 35 percent and if the applicant is new, it will be limited to 30 percent

How to get solar panel financing with pension income:

🎯 Maximum age at maturity of loan is 70 years
💰 Monthly total pension income should be at least 1 lakh Pakistani rupees
📋 Other conditions are same as for salaried individuals like being a tax payer, proof of residence etc.
📊 Debt burden ratio is maximum 45% and can be limited to 40% for new customers

Also Read:3kW Solar System Price in Pakistan complete details

How to get solar panel financing – Terms and Conditions:

💸 Amount Limit: Loans can be availed from Rs 1 lakh to Rs 2.5 million
🕒 Loan Tenure: 12 months to 60 months
🔋 System Size: Small to large solar systems from 1 kW to 1,000 kW

💰 Down Payment Details:
▪️ In-grade or net metering systems:
 📈 If your credit history is 1 year or more, then minimum 15% down payment required
 📉 If your credit history is low, then minimum 30% down payment required
 💼 Total down payment limit: 15% to 50%

▪️ Off-grade systems:
 🔌 Minimum 30% to 50% down payment required

📄 Collateral: Must have ownership rights over the solar system
🧾 Three post-dated cheques will have to be provided
🏠 Ownership of the property is mandatory for the loan

💳 Charges:
▪️ 🧾 Processing Fee: Rs 5,000 + Federal Excise Duty
▪️ 💼 STR Fee: Rs 1,000
▪️ 📋 Inspection & Survey: As per actual cost

ℹ️ Additional Information:
✅ No penalty for late repayment
✅ Early repayment of the loan is also allowed

How to get solar panel financing – Required Documents

🆔 Identity Card: of both the applicant and co-applicant
📄 Proof of Ownership of the Property: such as registry file or possession deed
💡 Recent Electricity Bill: to verify residential address
📝 Application Form: fully filled
📸 A Recent Passport Size Photograph
🖊️ Signed Declaration Form: provided by Meezan Bank
📑 Quotation from Meezan Energy Partner: obtained from authorized companies only

How to get solar panel financing – How to Apply

📄 Get a quote from a Meezan Authorized Solar Vendor
✅ Only Meezan-approved solar partners will accept a system quote
🏦 Visit Meezan Bank or contact the branch call center
📞 Call: 332-331-111 / 331-331-111
📁 Provide the required documents
🏧 If you do not have a Meezan Bank account, open a new account
📝 Complete the application form and submit it

Section	Details
Eligibility	how to get solar panel Pakistani citizen, age 20-60 years, monthly income at least Rs. 100,000, 2 years experience, active taxpayer, must have Meezan Bank account
Salaried	Monthly income at least Rs. 200,000, 3 years at current salary, total 5 years work experience
Business	Age 30-65 years, monthly income at least Rs. 500,000, profitable business for 5+ years, active taxpayer, max 35% debt burden ratio
Pension	Max loan maturity age 70, monthly pension at least Rs. 100,000, max 45% debt burden ratio
Loan Terms	Amount Rs. 100,000 to Rs. 2.5 million, tenure 12 to 60 months, system size 1 kW to 1,000 kW
Down Payment	Good credit: min 15%, otherwise 30-50%; off-grade systems require 30-50% down payment
Collateral	Ownership rights on solar system, three post-dated cheques, property ownership mandatory
Fees	Processing fee Rs. 5,000 + FED, STR fee Rs. 1,000, inspection cost as per actual
Documents	ID cards (applicant & co-applicant), property ownership proof, electricity bill, application form, photo, signed declaration, Meezan partner quotation
How to Apply	how to get solar panel Get quote from Meezan authorized vendor, visit bank or call 332-331-111 / 331-331-111, submit documents, open account if needed, submit application

Also Read:Solar Air Conditioner Prices 2025 and Key Specifications Explained

Conclusion

how to get solar panel? Meezan Bank’s solar financing is an interest-free, easy and Sharia-compliant facility that allows homeowners to benefit from lower electricity bills and clean energy. With simple terms, easy installments and quick approval, it is an excellent choice for becoming self-sufficient in household electricity.

FAQ’s