Not every Malaysian homeowner has RM 20,000–40,000 sitting in their savings account. The good news: you do not need it. Several banks offer solar financing, and Trexon also offers 0% card instalment plans at checkout. Bank rates and terms change, so this guide shows what we can verify and tells you what to check on the bank's own page.
In this guide, we look at two banks homeowners often ask about: Maybank and CIMB.
Maybank Solar PV Financing
Product Overview
Maybank's Solar PV Financing is a purpose-built facility for solar PV installations. Check the current rate, fees, eligibility and tenure on the Maybank Solar PV Financing page before you apply.
Maybank Solar PV Financing: What Maybank Publishes
| Feature | Details |
|---|---|
| Financing amount | Up to RM 100,000 |
| Tenure | Up to 10 years |
| Rate type | Floating (Maybank's own illustration uses SBR + 2.70%) |
| Fees, eligibility and approval time | Check the Maybank Solar PV Financing page and ask the bank |
CIMB
CIMB's own page describes a solar add-on to a home-purchase loan rather than a standalone solar loan. If you are considering CIMB, ask CIMB which product applies to you and check the current rate, tenure and eligibility on CIMB's own product page. We do not quote CIMB rates here because we cannot verify them.
What to Compare Between Banks
| Factor | What to ask the bank |
|---|---|
| Rate | Floating or fixed, and the current rate on the bank's own page |
| Tenure | Maximum years, because a longer tenure lowers the monthly repayment |
| Financing amount | Whether it covers your whole system quote |
| Fees and early settlement | Processing fee and any early settlement charge |
| Eligibility | Income, age, credit record and the documents required |
| Syariah-compliant option | Whether an Islamic product is available |
Example: Card Instalment vs Your Savings
For a 5.58 kWp system at RM 19,499 (Solis inverter), a RM200 monthly bill and the RP4 domestic tariff, our simplified estimate is a saving of about RM 143 a month. A 0% card instalment over 24 months is RM 19,499 ÷ 24 = about RM 812 a month, so the repayment is higher than the saving. A longer bank loan lowers the monthly repayment; get the bank's quote and compare it with your estimated saving. Estimate on the RP4 domestic tariff (from 1 Jul 2025), before AFA, the 1.6% RE Fund and service tax; 3.5 sun-hours a day; about 40% of solar used at home and the rest exported and credited at the 27.03 sen Energy Charge (capped at what you import) for 10 years under Solar ATAP; no tariff increases. Your bill and roof will change the figures.
Other Ways to Spread the Cost
- 0% card instalment at Trexon checkout: Affin, AmBank, HSBC, RHB and Standard Chartered cards offer 3, 6, 12 or 24 months; Alliance, OCBC and UOB cards offer 6, 12 or 24 months. The maximum is 24 months. Maybank 0% EPP is not available through Trexon.
- Other banks' green or personal loans: Check the rate and terms on each bank's own product page.
- EPF (KWSP): Trexon does not offer EPF-funded solar, so green bank loans and card instalments are the practical paths.
Verdict: How to Choose
We cannot name a winner without current published rates for both banks. Ask each bank for a written quote on your actual system price, then compare the total cost of the loan, not only the headline rate. Compare the monthly repayment with your estimated monthly saving, and check whether the tenure fits your plans.
Use our financing calculator to see payments for your chosen system size. Not sure which system size you need? Browse our solar pricing packages to compare complete turnkey costs before approaching your bank. Contact our team if you want help preparing the documents for your application.
For more detail, visit our dedicated pages: Maybank solar financing and CIMB solar financing.