Not every Malaysian homeowner has RM 20,000–40,000 sitting in their savings account. The good news: you don't need it. Multiple banks now offer dedicated solar financing in Malaysia, and the best ones have interest rates low enough that your monthly loan repayment is smaller than your monthly electricity savings — meaning you start saving from Day One.
In this guide, we compare Malaysia's two most popular solar financing banks: Maybank and CIMB.
Maybank Solar Loan: Green Financing Program
Product Overview
Maybank's Green Term Financing (formerly Green Home Financing) is a purpose-built loan for renewable energy installations including solar PV systems. It is accessible through Maybank branches and the MayBank2u portal.
Maybank Solar Loan Key Terms
| Feature | Details |
|---|---|
| Interest rate (BFR) | BFR – 0.30% (approximately 6.1% p.a. effective, Feb 2026) |
| Loan amount | RM 5,000 – RM 150,000 |
| Loan tenure | Up to 7 years |
| Collateral | None required below RM 50,000 |
| Processing fee | 1% of loan amount (waivable for Maybank priority customers) |
| Early settlement | Allowed, subject to early settlement fee (3 months interest) |
| Approval time | 7 – 14 business days |
Maybank Solar Loan Eligibility
- Malaysian citizen, 18 – 65 years old
- Minimum monthly income: RM 3,000 (salaried) or RM 5,000 (self-employed)
- Good CCRIS/CTOS credit record (no defaults, no active bankruptcy proceedings)
- Existing Maybank savings or current account (can open one during application)
- Loan purpose must be for SEDA-registered solar PV installation (invoice required)
CIMB Solar Loan: GreenBizReady and Personal Financing
Product Overview
CIMB offers solar financing through two channels: the CIMB GreenBizReady program for business owners and self-employed individuals, and CIMB Personal Financing-i for salaried employees under Islamic financing principles. The Islamic financing option (based on Tawarruq) is popular as it has a fixed profit rate throughout the tenure.
CIMB Solar Financing Key Terms
| Feature | Personal Financing-i (Salaried) | GreenBizReady (Business) |
|---|---|---|
| Rate type | Fixed profit rate | Variable (BLR-based) |
| Profit/interest rate | 4.99% – 7.88% p.a. effective | BLR – 1.0% to BLR + 0.5% |
| Loan amount | RM 2,000 – RM 150,000 | RM 10,000 – RM 500,000 |
| Tenure | Up to 10 years | Up to 7 years |
| Collateral | None required | Business assets may be required above RM 100,000 |
| Syariah compliant | Yes (Tawarruq) | Yes (Murabahah) |
| Approval time | 3 – 7 business days | 14 – 21 business days |
CIMB Solar Loan Eligibility
- Malaysian citizen, 21 – 60 years old (at time of application)
- Personal Financing-i: Minimum income RM 2,000/month (salaried), government employees prioritized
- GreenBizReady: Minimum 2 years business operation, business registered with SSM
- Clean CCRIS record
Head-to-Head Comparison: Maybank vs CIMB Solar Loan
| Factor | Maybank Green Financing | CIMB Personal Financing-i | Winner |
|---|---|---|---|
| Lowest interest rate | ~6.1% p.a. (variable) | 4.99% p.a. (fixed) | CIMB |
| Maximum tenure | 7 years | 10 years | CIMB |
| Rate certainty | Variable (BFR-linked) | Fixed throughout tenure | CIMB |
| Syariah compliance | No (conventional) | Yes (Tawarruq) | CIMB |
| Approval speed | 7–14 days | 3–7 days | CIMB |
| Maximum loan (personal) | RM 150,000 | RM 150,000 | Tie |
| Commercial/Business financing | Limited | GreenBizReady up to RM 500,000 | CIMB |
| Minimum income | RM 3,000/month | RM 2,000/month | CIMB |
Real Monthly Payment Examples
Example 1: 6kWp Residential System (RM 20,900 all-inclusive)
| Bank / Product | Rate | Tenure | Monthly Payment | Monthly Savings (solar) | Net Monthly Gain |
|---|---|---|---|---|---|
| Maybank Green Financing | 6.1% p.a. | 7 years | RM 296 | RM 450 | +RM 154 |
| CIMB Personal Financing-i | 5.5% p.a. fixed | 7 years | RM 280 | RM 450 | +RM 170 |
| CIMB Personal Financing-i | 5.5% p.a. fixed | 10 years | RM 220 | RM 450 | +RM 230 |
Example 2: 10kWp Bungalow System (RM 32,000 financed)
| Bank / Product | Rate | Tenure | Monthly Payment | Monthly Savings (solar) | Net Monthly Gain |
|---|---|---|---|---|---|
| Maybank Green Financing | 6.1% p.a. | 7 years | RM 526 | RM 780 | +RM 254 |
| CIMB Personal Financing-i | 5.5% p.a. fixed | 10 years | RM 390 | RM 780 | +RM 390 |
Other Solar Financing Options in Malaysia
Beyond Maybank and CIMB, these options are worth evaluating:
- RHB GreenRefinance: A home equity-based refinancing option where solar costs are bundled into your mortgage. Best for homeowners with significant equity and willingness to extend their mortgage tenure.
- Hong Leong Personal Financing: Competitive rates (from 5.88% p.a.) with a straightforward online application. Good fallback if Maybank or CIMB applications are rejected.
- Installer in-house financing (e.g., Trexon EasyPay): Some installers offer direct financing with 0% profit rate for the first 12 months. Check our Trexon financing options for current terms.
- BSN MyHome Green Loan / Public Bank BAEGreen: Additional green bank loan options with rates from 3.5–4.0% p.a. Note that EPF (KWSP) Account 2 withdrawals are not currently on the approved list for solar panel purchases, so green bank loans are the primary financing path.
Verdict: Which Bank Should You Choose?
For most Malaysian homeowners, CIMB Personal Financing-i is the better choice for solar loans in 2026. The combination of a fixed profit rate (no interest rate risk over 7–10 years), Syariah compliance, faster approval, lower minimum income requirement, and longer available tenure (10 years) gives CIMB a clear edge over Maybank's Green Financing.
Maybank becomes competitive if you are already a priority banking customer (processing fee waived), have a strong existing relationship, or prefer conventional banking products.
Use our financing calculator to see exact monthly 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 for assistance with the loan application process.
For detailed terms, eligibility, and step-by-step application guides, visit our dedicated pages: Maybank solar financing and CIMB solar financing.