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Pakistani bank introduces finance scheme for home solar panels

MM News Staff by MM News Staff
May 3, 2024
Reading Time: 1 min read
file photo

file photo

Meezan Bank has launched a new financing program called Meezan Solar. This initiative aims to facilitate homeowners in transitioning to green energy by offering easy financing opportunities for residential solar systems.

By opting for solar energy, homeowners can not only enjoy significant savings on their electricity bills but also play a part in reducing carbon emissions, thus contributing to a cleaner and greener environment. With Meezan Solar, customers can embrace a brighter and more sustainable future for themselves and future generations.

Under this financing facility, customers can avail themselves of flexible repayment options with easy monthly installments spread over up to 5 years. This allows homeowners to make the switch to solar energy without facing financial strain.

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Financing Details:

  • Financing Tenure: Minimum 1 year, Maximum 5 years
  • Financing Amount: Minimum PKR 100,000, Maximum up to PKR 2,500,000
  • Down Payment: Minimum 15%, Maximum 50% ( *Premium Banking customers of Meezan Bank can enjoy a maximum financing limit of up to PKR 3,000,000.)

The financing covers the costs of solar panels, inverters, and other ancillary items required for installation. Additionally, customers can benefit from Meezan Bank’s Premium Banking services, which offer extended financing limits for solar panel systems.

How to Apply:

For more information and to apply for solar panel financing, interested individuals can visit the Meezan Bank website or click on the provided link. Terms and conditions apply, and customers are encouraged to review the details before proceeding with their application.

 

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