Model your project savings and peak-demand reduction
Calculate ROICompare solar financing from CIMB, BSN, Maybank, Public Bank, Bank Islam, RHB & Hong Leong. Check current terms with each bank: Maybank Solar PV Financing is offered up to RM100,000 and up to 10 years on a floating rate. All systems eligible for Solar ATAP. Apply through Trexon.
Not sure if a bank loan is right for you? Compare all financing options including 0% card instalments, Islamic financing and OKAPI rent-to-own.
Check current terms with each bank • Subject to bank approval
Check current terms
Rates, amounts and tenure are set by each bank
Compare tenures
Longer tenure lowers monthly payments but raises total cost
Compare before you borrow
Weigh your monthly TNB savings against the bank's repayment quote
Banks offering solar panel financing compared side by side. Check current terms with each bank — your final rate depends on income, credit score, and loan tenure.
| Bank | Type | Interest / Profit Rate | Max Tenure | Min Amount | Max Amount | Processing Fee | Early Settlement |
|---|---|---|---|---|---|---|---|
| CIMB | Solar financing | Check with bank | Check with bank | Check with bank | Check with bank | Check with bank | Check with bank |
| Maybank | Solar PV Financing | SBR + 2.70% | 10 yr | Check with bank | RM 100k | Check with bank | Check with bank |
| Public Bank | Solar financing | Check with bank | Check with bank | Check with bank | Check with bank | Check with bank | Check with bank |
| Bank Islam | Islamic | Check with bank | Check with bank | Check with bank | Check with bank | Check with bank | Check with bank |
| RHB | Solar financing | Check with bank | Check with bank | Check with bank | Check with bank | Check with bank | Check with bank |
| Hong Leong | Personal Loan | Check with bank | Check with bank | Check with bank | Check with bank | Check with bank | Check with bank |
* Terms are set by each bank and may change. Maybank figures are Maybank's own illustration. Final rate depends on applicant credit profile and bank assessment.
Solar panel bank loans in Malaysia can be priced using benchmarks such as the Standardised Base Rate (SBR) set by Bank Negara Malaysia, or flat rates determined by each bank. Maybank illustrates its Solar PV Financing at SBR + 2.70% on a floating rate. Rates differ by bank, product and applicant, so check current terms with each bank.
The distinction between flat rate and reducing balance rate matters significantly for solar borrowers. A flat rate charges interest on the original loan amount for the whole tenure, while a reducing balance rate charges interest on the outstanding balance, which falls every month. The same percentage therefore costs more as a flat rate than as a reducing balance rate. Always ask your bank whether the quoted rate is flat or reducing.
The Solar Accelerated Transition Action Programme (Solar ATAP) replaced the Net Energy Metering (NEM) scheme from January 1, 2026, under the Energy Commission guideline GP/ST/No. 60/2025. Systems at eligible TNB premises can register under Solar ATAP; check eligibility before you apply. The key change affecting financing decisions is that excess energy credits no longer carry forward between billing cycles — this makes proper system sizing more important than ever.
For domestic customers, excess energy is credited at the Energy Charge rate from your TNB tariff. For non-domestic (commercial) customers, credits are based on the System Marginal Price (SMP), which fluctuates. This means residential homeowners with a bank loan should size their system to match daily consumption rather than oversizing for maximum export. A well-sized system helps your monthly TNB savings cover your loan repayment.
Malaysian banks may offer dedicated green or sustainability financing as well as standard personal loans for solar panels. Product names, rates and eligibility change, so check current terms with each bank. Personal loans often have simpler documentation, while dedicated green products, where available, may be priced differently.
If you already bank with a particular bank, an application there may be more practical. Compare the total cost over the loan tenure, not just the headline rate.
Each bank has different strengths. Here is what you need to know about solar financing from each major Malaysian bank.
Conventional financing
Rate
Check current terms with the bank
Tenure
Check current terms with the bank
Max Loan
Check current terms with the bank
CIMB financing options for solar panels. CIMB's own page describes green financing as an add-on to a home-purchase loan rather than a standalone solar loan, so confirm with the bank which product you qualify for.
Requirements
Conventional financing
Rate
Floating rate (Maybank illustration: SBR + 2.70%)
Tenure
Up to 10 years
Max Loan
Up to RM 100,000
Maybank Solar PV Financing is offered up to RM100,000 and up to 10 years on a floating rate. Maybank's own illustration is SBR + 2.70%. Check current terms with the bank.
Requirements
Conventional financing
Rate
Check current terms with the bank
Tenure
Check current terms with the bank
Max Loan
Check current terms with the bank
Public Bank personal financing can be used for solar panel installation. Check current terms with the bank.
Requirements
Islamic (Shariah) financing
Rate
Check current terms with the bank
Tenure
Check current terms with the bank
Max Loan
Check current terms with the bank
Bank Islam may offer Shariah-compliant financing for solar panels. Check current terms, including the structure and profit rate, with the bank.
Requirements
Conventional financing
Rate
Check current terms with the bank
Tenure
Check current terms with the bank
Max Loan
Check current terms with the bank
Ask RHB whether their personal or green financing products can be used for solar panels, including partial financing alongside a cash deposit. We have not verified the product terms; check current terms with the bank.
Requirements
Conventional financing
Rate
Check current terms with the bank
Tenure
Check current terms with the bank
Max Loan
Check current terms with the bank
Hong Leong Bank personal loan can be used for solar panel financing. It is not a dedicated solar product, so check current terms with the bank.
Requirements
Trexon prepares the official solar quotation and documents; you apply directly to your own bank. Tell us your income and loan amount — we will help you decide which banks to approach.
We handle your solar documentation and bank liaison on your behalf. Timing depends on the bank's approval.
Get a free solar quotation
Submit your TNB bill and property details for an official quotation. If on-site measurements are needed, book the RM100 priority site visit, fully credited when you proceed. The quotation is required by all banks.
Choose your bank and loan product
Based on your income, credit profile, and loan amount, Trexon can help you decide which bank to approach. Check current terms with CIMB, Maybank, Public Bank, Bank Islam, and RHB before you choose.
Prepare your documents
Gather: IC copy, latest 3-month salary slips, 6-month bank statements, TNB bill. Trexon provides the solar quotation and any additional project documentation the bank needs.
Submit loan application
Submit to your chosen bank — online or at a branch. We supply any solar documents the bank asks for.
Loan approval
The bank assesses your application and sets the approval timing. We follow up with the bank and let you know once it is approved.
Sign and disbursement
Sign loan agreement. Bank disburses funds to Trexon Energy (or to you to pay Trexon). Installation is scheduled once financing is approved.
Installation & start saving
Installation typically takes 1–2 days. System is commissioned and TNB activates your Solar ATAP export credits. Your system then starts offsetting your TNB bill; compare your savings with your monthly loan repayment.
The table below shows approximate system costs and estimated TNB bill savings for common system sizes. Your monthly loan repayment depends on the rate and tenure your bank offers. Use the Trexon solar calculator for a personalised estimate based on your actual bill.
| System Size | Approx. Cost | Est. Monthly Savings |
|---|---|---|
| 5.58 kWp | RM 19,499 | about RM 140 |
| 8.06 kWp | RM 21,999 | about RM 280 |
| 9.92 kWp | RM 24,999 | about RM 370 |
* Monthly savings are indicative: our RP4 domestic bill model for a household whose monthly usage matches the system's output (3.5 sun-hours, 40% used at home, export credited at the 27.03 sen Energy Charge for 10 years, excl. AFA). Actual figures vary by location, consumption, and irradiation.
A bank loan is one of several ways to finance solar panels in Malaysia. Here is how it compares to the alternatives:
Alternative advantages
Alternative disadvantages
Verdict: Muslim homeowners may wish to ask about Islamic financing options first
Alternative advantages
Alternative disadvantages
Verdict: Trexon does not offer PPAs. Compare the long-term cost of owning the system with a third-party PPA tariff
Alternative advantages
Alternative disadvantages
Verdict: Compare the total cost of a bank loan and hire purchase before you decide
Prepare these documents before applying. Trexon Energy provides all solar-specific documentation — you only need to supply personal financial documents.
Trexon tip: Ask about applying to more than one bank so you can compare final offers. Each application may be recorded on your credit report, so check with the bank before applying to several.
Answers to the most common questions about bank loans for solar panels in Malaysia.
Yes. Many Malaysian banks — including CIMB, Public Bank, Maybank, Bank Islam, and RHB — offer loans that can be used for solar panel financing. Amounts and tenures depend on the bank and product, so check current terms with each bank. Under the new Solar ATAP programme (replacing NEM from January 2026), financed solar systems can be registered. Trexon Energy prepares your solar quotation and documents to support your application.
It depends on your loan amount, income, existing banking relationship and financing preference. Check current terms with each bank and compare the total cost over the tenure. Maybank illustrates its Solar PV Financing at SBR + 2.70% on a floating rate, up to RM100,000 and up to 10 years.
Rates depend on the bank, the product and your credit profile. Maybank illustrates its Solar PV Financing at a floating rate of SBR + 2.70%. For other banks, check current terms with the bank. The Standardised Base Rate (SBR) is set by Bank Negara Malaysia; SBR-linked loans move with it, while flat-rate loans do not.
Whether financing pays for itself depends on your bill, the loan rate and the tenure. A 5.58 kWp system starts from RM19,499. Get a repayment quote from your bank and compare it with your estimated monthly TNB savings. Once the loan is repaid, the savings continue for the rest of the system's life.
Standard documents: (1) IC copy, (2) Latest 3-month salary slips, (3) Latest 6-month bank statements, (4) Recent TNB electricity bill, (5) Trexon Energy quotation (we provide this), (6) Property title deed or tenancy agreement. Self-employed: also need SSM business registration + 2 years tax returns (BE/B form). Trexon prepares all solar-specific documents for you.
Solar ATAP (replacing NEM from January 2026) does not change bank loan eligibility — all solar systems financed through bank loans qualify for Solar ATAP credits. Key difference: under Solar ATAP, excess energy credits are calculated using the Energy Charge rate (domestic) or System Marginal Price (non-domestic), and credits do not carry forward between billing cycles. This makes self-consumption sizing more important, which affects the optimal loan amount.
These solar systems are frequently financed through bank loans in Malaysia. Check current financing terms with CIMB, Maybank, Public Bank, Bank Islam, and RHB.
Not sure which system size you need?
Trexon Energy is a SEDA-registered installer (RPVSP-2026/373). We help homeowners prepare their bank loan applications.
Bank liaison included
We handle all communication with the bank — you focus on choosing your system.
Documentation prepared for you
We provide the official quotation, project specs, and all supporting documents the bank needs.
Multi-bank applications
We can help you prepare applications for more than one bank so you can compare offers.
Free quote
Start with a free quote based on your TNB bill. The quotation is the document banks need.
Solar ATAP registration
We file your Solar ATAP application with SEDA before installation and handle the TNB paperwork — included in your package at no extra cost.
30-year panel performance warranty
All Trexon systems use Tier-1 panels with a 30-year performance warranty.
Start with a free solar quote. We will recommend the right system, prepare your documents, and help you choose a bank for your profile.
Compare all financing options: cash, 0% card instalments, bank loans, Islamic financing, OKAPI rent-to-own
Public Bank personal financing for solar panels — check current terms
RHB financing for solar panels — check current terms with the bank
Bank Simpanan Nasional solar loan options for Malaysian homeowners
Shariah-compliant solar financing options — check current terms with the bank
Compare solar system packages and full pricing breakdown
Estimate your monthly savings and payback period
Start your solar financing application in 5 minutes
Detailed comparison of two solar financing options in Malaysia for 2026.
Compare other ways to fund your solar installation in Malaysia — bank loans, Islamic financing, hire purchase, and more.
Maybank Solar PV Financing up to RM 100,000
CIMB financing options for solar
Public Bank personal financing for solar
RHB financing for solar
BSN solar financing
Shariah-compliant solar financing
Tell us about your project and we'll match you to the right bank loan.
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Several financial institutions offer loan products that can be used for solar panel financing in Malaysia. Here is a quick-reference comparison. Check current terms with each bank; all terms are subject to individual credit assessment.
| Bank | Product Type | Rate (p.a.) | Max Tenure | Max Amount | Best For |
|---|---|---|---|---|---|
| Maybank | Solar PV Financing | SBR + 2.70% (floating) | 10 yr | RM 100,000 | Maybank illustration |
| CIMB | Solar financing | Check with bank | Check with bank | Check with bank | Confirm the product |
| Public Bank | Personal Loan | Check with bank | Check with bank | Check with bank | Existing customers |
| RHB | Solar financing | Check with bank | Check with bank | Check with bank | Partial financing |
| BSN | Solar financing | Check with bank | Check with bank | Check with bank | Nationwide branches |
| Bank Islam | Islamic | Check with bank | Check with bank | Check with bank | Shariah-compliant financing |
| Alliance Bank | Personal Loan | Check with bank | Check with bank | Check with bank | Online application |
| MGTC GTFS 5.0 | Government guarantee on a bank loan | No interest rebate | Check with bank | Check with bank | Companies (not homeowners) |
* Terms are set by each bank. GTFS 5.0 (MGTC) gives companies a 60–80% government guarantee on the green-technology portion of a bank loan; it is not for residential homeowners. Learn about MGTC green loans.
The application process is straightforward when you work with Trexon Energy. We handle all documentation and bank communication on your behalf.
Get a solar quotation from Trexon Energy
Banks typically ask for an official solar system quotation before approving a loan. Our quotation includes system size, exact components, installation cost, projected output, and Solar ATAP eligibility confirmation — all the technical details your bank's credit team needs. Request a free quote to get started.
Choose your bank and loan product
Trexon can help you compare your income, credit profile, and desired loan amount against each bank's published criteria and shortlist the banks to approach. Each application may be recorded on your credit report, so check with the bank before applying to several.
Submit documents and await approval
Submit your personal financial documents (listed below). Trexon provides all solar-specific documents. Approval timing is set by the bank. Once approved, you sign the loan agreement, the bank disburses funds to Trexon, and installation is scheduled.
You only need to provide personal financial documents — Trexon prepares all solar-specific paperwork:
Self-employed applicants additionally need: SSM business registration certificate, latest 2 years income tax returns (Form B or BE), and 6 months business bank statements. Trexon provides the official quotation, system specifications, and any additional project documents the bank requests.
Always compare effective rate, not flat rate. Banks may advertise a flat interest rate while others quote an effective rate calculated on the reducing balance. A flat rate costs more in total interest than the same percentage on a reducing-balance basis. Ask each bank explicitly: “Is this rate flat or reducing balance?” Maybank illustrates its Solar PV Financing on a floating (SBR-linked) rate.
Check the early settlement penalty before signing. Some loans have a lock-in period during which you pay a penalty if you settle early. If your financial situation may improve significantly (bonus, property sale, year-end cash), ask each bank about lock-in periods and early settlement terms.
Ready to compare options? See hire purchase plans, PPA, or use the solar savings calculator to model your cash flow before applying.