CIMB is one of the banks homeowners ask about when they compare solar financing. This guide explains what we can confirm about CIMB's solar financing, what you must check with CIMB yourself, which documents banks usually ask for, and how to prepare so your application goes smoothly.
What CIMB's Own Page Says About Solar Financing
CIMB's own page describes its solar financing as an add-on to a home-purchase loan (5% of the property value or RM 50,000). It is not described as a standalone solar loan. Rates, tenure, fees, eligibility and approval times are set by CIMB and change over time, so check current terms with CIMB before you decide. We do not quote CIMB rates here because we cannot verify them.
Because the product is tied to a home-purchase loan, it may not suit you if you already own your home or if your system costs more than the add-on limit. Ask CIMB which product applies to your situation.
Questions to Ask CIMB Before You Apply
- Which CIMB product applies if I already own my home?
- What is the current rate, and is it floating or fixed?
- What are the maximum amount and the maximum tenure?
- What fees apply, including any early settlement charge?
- What are the eligibility rules (income, age, credit record)?
- Is a Shariah-compliant version available?
- How long does approval and disbursement take?
How CIMB Compares With Other Ways to Pay
| Option | What we can confirm |
|---|---|
| CIMB | Own page describes an add-on to a home-purchase loan (5% of property value or RM 50,000). Check current terms with CIMB. |
| Maybank Solar PV Financing | Up to RM 100,000, up to 10 years, floating rate (Maybank's own illustration uses SBR + 2.70%). |
| 0% card instalment at Trexon checkout | Up to 24 months: Affin, AmBank, HSBC, RHB and Standard Chartered 3/6/12/24 months; Alliance, OCBC and UOB 6/12/24 months. |
| Other banks | Check the bank's current rate and terms on its own product page. |
Maybank 0% EPP is not available through Trexon. Every Trexon route starts with a RM 2,000 booking.
Documents Banks Usually Ask For
Requirements differ by bank, so treat this as a general checklist and confirm the exact list with the bank.
Individual Applicants — Salaried Employee
- NRIC (front and back, colour copy)
- Recent salary slips
- Recent bank statements (the account where salary is credited)
- EA Form or latest EPF statement (confirmation of income)
- Solar installation quotation from a SEDA-registered contractor
- Property title or tenancy agreement (proof of installation address)
Individual Applicants — Self-Employed
- NRIC (front and back)
- Business registration documents
- Recent business bank statements
- Income tax returns (Form B) with LHDN acknowledgement
- Solar installation quotation from a SEDA-registered contractor
Business Applicants (SME)
- SSM registration certificate
- Memorandum and Articles of Association
- Recent business bank statements
- Audited financial statements and management accounts
- Director's NRIC and CCRIS
- Solar installation quotation with system specifications
- TNB supply account details for the installation address
Pro Tip: Get your solar quotation first. A written quotation gives the bank the system size, equipment and total price. Request a free quote here.
Step-by-Step: Preparing a Solar Loan Application
Step 1: Get Your Solar Quotation
Obtain a detailed quotation from a SEDA-registered solar contractor. It should include system size (kWp), panel brand and model, inverter specifications, total installed cost and estimated annual generation. Use our solar savings calculator to estimate system size before requesting quotes.
Step 2: Check Your Credit Profile
Request your CCRIS report through BNM's eCCRIS portal and review it for unresolved entries. If anything looks incorrect, raise it with the bureau before applying.
Step 3: Ask the Bank Which Product Applies
Contact CIMB and ask which product applies to you, using the questions above. For larger amounts or business applications, ask to speak to the business banking team.
Step 4: Review the Offer Letter
If approved, review the offered rate, tenure, monthly instalment and any conditions. Compare the effective rate stated in the offer letter with what you were told, and do not accept until they match.
Step 5: Installation, SEDA and TNB
Your contractor submits the Solar ATAP application and coordinates the TNB meter. With Trexon, booking to TNB commissioning is typically 6–10 weeks, with 1–2 days of on-site installation. If you pay Trexon directly, the balance after the RM 2,000 booking is paid in two stages: 70% on Solar ATAP approval and 30% on equipment delivery, before installation. Nothing is due after installation. If a bank finances the system, ask the bank how it pays the installer.
Things to Weigh Up
Possible advantages
- An add-on to a home-purchase loan may suit buyers of a new home, with one bank relationship
- A longer loan can lower the monthly repayment compared with a short card instalment plan
Points to check
- The product is tied to a home-purchase loan, so it may not be open to existing homeowners
- The add-on limit may be lower than your system cost
- Compare the total cost of each option, not only the headline rate
- If you need Shariah-compliant financing, ask CIMB whether an Islamic version is available, or see our Bank Islam solar financing guide
Frequently Asked Questions: CIMB Solar Loan Malaysia
Can I use a CIMB solar loan for a commercial property I rent, not own?
Banks usually want the property owner's written consent for a system on rented premises, and the terms vary. Ask a CIMB business banking officer about your situation.
Does CIMB offer a grace period before repayment starts?
It depends on the product. Confirm this with CIMB during the application stage.
Can I combine a CIMB solar loan with Solar ATAP?
Yes. The Solar ATAP programme lets you export excess solar energy to TNB and earn bill credits at the Energy Charge (RM 0.2703/kWh for homes, RM 0.3703 above 1,500 kWh a month). Unused credit is forfeited each billing period and is not carried forward. Solar ATAP is an export credit programme, not an upfront rebate.
What happens to my loan if my solar installer goes out of business?
Your loan obligation remains regardless of the installer's status. Equipment warranties are issued by the manufacturers, so check what each warranty covers and for how long before you sign.
Is a CIMB Solar Loan Right for You?
It depends on whether CIMB's current product applies to your situation and how it compares with other routes. Get CIMB's written terms, then compare the total cost and monthly repayment with your estimated monthly saving.
Use our financing comparison tool to see estimated monthly payments, or browse our solar packages to identify the right system size before approaching any bank.
Ready to move forward? Get your free quote today and we will help you prepare the documents for your financing application.
