Model your project savings and peak-demand reduction
Calculate ROICompare solar financing from CIMB, BSN, Maybank, Public Bank, Bank Islam, RHB & Hong Leong. Green loan rates from 3.5% p.a., tenures up to 10 years, up to RM200,000. All systems eligible for Solar ATAP. Apply through Trexon — faster approval.
Not sure if a bank loan is right for you? Compare all financing options including hire purchase, Islamic financing, and PPA.
Last updated: March 2026 • Rates are indicative, subject to bank approval
From 3.5% p.a.
Green loan rates — lower than typical personal loans
Up to 10 years
Long tenure keeps monthly payments manageable
Cash-flow positive
Most homeowners save more than they pay monthly
All major banks offering solar panel financing compared side by side. Rates are indicative — 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 | Green Loan | From 3.5% | 10 yr | RM 10k | RM 150k | ~1% | Allowed |
| Maybank | Green Loan | From 4.0% | 10 yr | RM 10k | RM 200k | From RM200 | Allowed |
| Public Bank | Personal Loan | From 4.2% | 10 yr | RM 15k | RM 100k | RM150–300 | Lock-in |
| Bank Islam | Islamic | From 4.0% | 10 yr | RM 10k | RM 150k | From RM100 | Ibra rebate |
| RHB | Green Loan | From 4.5% | 7 yr | RM 5k | RM 100k | RM100–200 | Allowed |
| Hong Leong | Personal Loan | From 5.0% | 7 yr | RM 5k | RM 100k | RM100–250 | Penalty |
* Rates as of March 2026. Subject to change. Final rate depends on applicant credit profile and bank assessment.
Solar panel bank loans in Malaysia are priced using two main benchmarks: the Standardised Base Rate (SBR) set by Bank Negara Malaysia, and flat rates determined by each bank. As of March 2026, the BNM SBR stands at approximately 1.85%, which means SBR-linked green loans like BSN (SBR + 2.62%) carry an effective rate of about 4.47% p.a., while Maybank (SBR + 3.5%) sits around 5.35% p.a. CIMB advertises from 3.5% p.a. as a flat rate, which is not directly comparable to SBR-linked rates but is broadly competitive.
The distinction between flat rate and reducing balance rate matters significantly for solar borrowers. A flat rate of 3.5% p.a. on a RM30,000 loan over 7 years means you pay interest on the full RM30,000 for all 7 years — total interest is RM7,350. A reducing balance rate (like SBR-linked products) calculates interest on the outstanding balance, which decreases monthly. For the same RM30,000 at an effective 4.5% reducing balance over 7 years, total interest is approximately RM4,950 — RM2,400 less than the “cheaper” flat 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. All bank-financed solar systems are eligible for Solar ATAP registration. 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 ensures your monthly TNB savings consistently exceed your loan repayment — achieving positive cash flow from month one.
Malaysian banks offer two categories of loans for solar panels: dedicated green loans (CIMB Green Loan, Maybank Green Financing, BSN Green Loan) and standard personal loans (Public Bank, Hong Leong, RHB Easy Loan). Green loans typically offer lower interest rates because they qualify for the bank's sustainability financing portfolio and attract favourable regulatory treatment under BNM's Value-based Intermediation (VBI) framework.
However, personal loans are often faster to approve (as little as 24 hours for existing customers) and have simpler documentation requirements. If speed is your priority and you already bank with Public Bank or Hong Leong, a personal loan may be more practical even at a slightly higher rate. For the lowest total cost over the loan tenure, green loans from CIMB, BSN, or Maybank are generally superior.
Each bank has different strengths. Here is what you need to know about solar financing from each major Malaysian bank.
Conventional financing
Rate
3.5% – 4.5% p.a.
Tenure
Up to 10 years
Max Loan
RM 150,000
CIMB offers dedicated green financing for sustainable home improvements including solar panels. The Green Loan comes with one of the most competitive rates in Malaysia and supports Solar ATAP projects.
Requirements
Conventional financing
Rate
4.0% – 5.0% p.a.
Tenure
Up to 10 years
Max Loan
RM 200,000
Maybank offers green loan financing specifically for solar panel systems under their sustainability financing umbrella. Ideal for larger commercial and industrial systems due to the higher maximum loan amount of RM200,000.
Requirements
Conventional financing
Rate
4.2% – 5.5% p.a.
Tenure
Up to 10 years
Max Loan
RM 100,000
Public Bank personal financing can be used for solar panel installation. Known for fast approval and straightforward processes, Public Bank is a popular choice for homeowners who already bank with them.
Requirements
Islamic (Shariah) financing
Rate
4.0% – 5.0% profit rate
Tenure
Up to 10 years
Max Loan
RM 150,000
Bank Islam offers Shariah-compliant solar panel financing under the Murabahah or Tawarruq structure. The profit rate is fixed for the entire tenure — no interest rate risk. Ideal for Muslim homeowners who prefer halal financing.
Requirements
Conventional financing
Rate
4.5% – 6.0% p.a.
Tenure
Up to 7 years
Max Loan
RM 100,000
RHB Easy Loan and RHB Green Financing package provides accessible solar financing with the lowest minimum loan amount (RM5,000), making it suitable for smaller systems or partial financing alongside a cash deposit.
Requirements
Conventional financing
Rate
5.0% – 7.0% p.a.
Tenure
Up to 7 years
Max Loan
RM 100,000
Hong Leong Bank personal loan can be used for solar panel financing. While not a dedicated green loan, the personal loan product offers fast approval and minimal documentation, making it a practical option for qualifying applicants.
Requirements
Trexon Energy works with all major Malaysian banks. Tell us your income and loan amount — we will identify which banks are most likely to approve you and at what rate.
The process from quotation to installation typically takes 2–4 weeks when applying through Trexon Energy. We handle all documentation and bank liaison on your behalf.
Get a free remote solar pre-assessment & quotation
Submit your TNB bill and property details for a remote pre-assessment and 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 recommends the best-fit bank. We compare green loan rates from CIMB, Maybank, Public Bank, Bank Islam, and RHB on your behalf.
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 — either online, at a branch, or through Trexon's financing partner portal. We follow up on your behalf to speed up approval.
Loan approval (3–7 working days)
Bank assesses your application. Approval typically takes 3–7 working days for personal loans, up to 14 days for green loans. We notify you immediately upon approval.
Sign and disbursement
Sign loan agreement. Bank disburses funds to Trexon Energy (or to you to pay Trexon). Installation is scheduled — typically starting within 2 weeks of fund disbursement.
Installation & start saving
Installation typically takes 1–2 days. System is commissioned, Solar ATAP application filed with SEDA. You start saving on your electricity bill from the first month — often more than your monthly loan repayment.
The table below shows indicative monthly loan repayments at 4.5% p.a. and estimated TNB bill savings for common system sizes. Use the Trexon solar calculator for a personalised estimate based on your actual bill.
| System Size | Approx. Cost | Monthly Payment (7yr @ 4.5%) | Monthly Payment (10yr @ 4.5%) | Est. Monthly Savings | Net Monthly Benefit (7yr) |
|---|---|---|---|---|---|
| 4kW | RM 14,999 | RM 207 | RM 155 | RM 250–330 | RM 43–123 saved |
| 5kW | RM 18,500 | RM 255 | RM 191 | RM 350–450 | RM 95–195 saved |
| 8kW | RM 26,999 | RM 372 | RM 279 | RM 500–650 | RM 128–278 saved |
| 10kW | RM 32,999 | RM 455 | RM 341 | RM 650–850 | RM 195–395 saved |
* Indicative figures at 4.5% p.a. flat rate. Monthly savings based on average residential TNB bill reduction. 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 should consider Bank Islam or CIMB Islamic as first option
Alternative advantages
Alternative disadvantages
Verdict: For maximum long-term returns, bank loan + ownership beats PPA; PPA is better for zero-capital situations
Alternative advantages
Alternative disadvantages
Verdict: Bank green loans generally offer better rates than hire purchase for most borrowers
Prepare these documents before applying. Trexon Energy provides all solar-specific documentation — you only need to supply personal financial documents.
Trexon tip: Submit to 2–3 banks simultaneously to increase your chances of approval and compare final offered rates. Trexon Energy can do this for you — a single application to multiple banks does not significantly affect your CCRIS score.
Answers to the most common questions about bank loans for solar panels in Malaysia.
Yes. Most major Malaysian banks — CIMB, Public Bank, Maybank, Bank Islam, and RHB — offer personal loans and green loans for solar panel financing. Loan amounts range from RM5,000 to RM200,000 with tenures up to 10 years. Under the new Solar ATAP programme (replacing NEM from January 2026), all financed solar systems are eligible. Trexon Energy works directly with these banks to streamline your application.
CIMB Green Loan offers the lowest starting rate at 3.5% p.a. BSN offers SBR + 2.62% (currently the lowest effective rate). Maybank has the highest maximum at RM200,000 — best for commercial systems. Bank Islam is the top pick for Shariah-compliant financing. RHB has the lowest minimum (RM5,000), suitable for smaller systems. The best bank depends on your loan amount, income, and financing preference.
Solar loan interest rates range from 3.5% to 7% p.a. in March 2026. Green loans (CIMB, Maybank, BSN) are typically cheaper at 3.5–5% p.a. The Standardised Base Rate (SBR) set by Bank Negara Malaysia is currently 1.85%, making SBR-linked loans like BSN (SBR + 2.62% = ~4.47% effective) competitive. Personal loans are 4.5–7% p.a. Bank Islam profit rates are 4–5% p.a. fixed.
Yes — for most homeowners, a financed solar system is cash-flow positive from month one. Example: A 5kW system at RM18,500 financed at 4.5% p.a. over 7 years = approx RM260/month loan payment. Average TNB bill savings = RM350–450/month. Net monthly benefit = RM90–190/month savings PLUS the loan payment. After 7 years, all savings are free for the remaining 18+ years of your 25-year system 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. All packages are eligible for green loan rates from CIMB, Maybank, Public Bank, Bank Islam, and RHB.
Not sure which system size you need?
Trexon Energy is a SEDA-certified solar installer with direct relationships with major Malaysian banks. We make the bank loan process faster and easier for homeowners.
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 submit to 2–3 banks simultaneously to find you the best approved rate.
Free remote credit pre-assessment
We review your credit profile remotely before applying to minimise the chance of rejection.
Solar ATAP registration
After installation, we file your Solar ATAP application with TNB — included in your package at no extra cost.
25-year panel warranty
All Trexon systems use Tier-1 panels with 25-year performance warranty — a requirement for many bank green loans.
Start with a free remote solar pre-assessment. We will recommend the right system, prepare your documents, and match you with the best bank for your profile.
Compare all financing options: BNPL, Lease, Cash, Islamic, PPA & IPP
Public Bank personal financing for solar panels — fast approval, trusted brand
RHB Easy Loan and green financing for solar — lowest minimum at RM5,000
Bank Simpanan Nasional solar loan options for Malaysian homeowners
Shariah-compliant Murabahah & Ijarah solar financing — profit rate from 4% p.a.
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 Malaysia's two largest solar financing options for 2026.
Compare other ways to fund your solar installation in Malaysia — bank loans, Islamic financing, PPA, and more.
Maybank Green Financing up to RM 200,000
CIMB Green Personal Financing
Public Bank green loan for residential
RHB green financing for solar
BSN MyHome solar add-on
Shariah-compliant solar financing
Tell us about your project and we'll match you to the right bank loan.
Eight financial institutions currently offer loan products suitable for solar panel financing in Malaysia. Here is a quick-reference comparison of their key terms. All rates are indicative as of March 2026 and are subject to individual credit assessment.
| Bank | Product Type | Rate (p.a.) | Max Tenure | Max Amount | Best For |
|---|---|---|---|---|---|
| Maybank | Green Loan | 4.0–5.0% | 10 yr | RM 200,000 | Largest loan amount |
| CIMB | Green Loan | 3.5–4.5% | 10 yr | RM 150,000 | Lowest starting rate |
| Public Bank | Personal Loan | 4.2–5.5% | 10 yr | RM 100,000 | Existing PB customers |
| RHB | Green Loan | 4.5–6.0% | 7 yr | RM 100,000 | Low minimum (RM5k) |
| BSN | Green Loan (SBR-linked) | ~4.47% effective | 10 yr | RM 150,000 | Civil servants & govt employees |
| Bank Islam | Islamic (Murabahah) | 4.0–5.0% profit | 10 yr | RM 150,000 | Shariah-compliant financing |
| Alliance Bank | Personal Loan | 5.0–7.0% | 7 yr | RM 100,000 | Quick online approval |
| MGTC (Danajamin) | Green Tech Loan | ~2.0–4.0% | 10 yr | RM 5,000,000 | SMEs & commercial systems |
* Rates as of March 2026. MGTC/Danajamin loan is for registered businesses, not 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
Every bank requires an official solar system quotation before approving a green 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. This remote quotation review is provided free of charge.
Choose your bank and loan product
Trexon compares your income, credit profile, and desired loan amount against each bank's criteria to shortlist the 2–3 most likely to approve you at the best rate. We submit to multiple banks simultaneously — a single credit check does not materially affect your CCRIS score when done within a 14-day window.
Submit documents and await approval
Submit your personal financial documents (listed below). Trexon provides all solar-specific documents. Approval typically takes 3–7 working days for personal loans and 7–14 days for green loans. Once approved, you sign the loan agreement, the bank disburses funds to Trexon, and installation begins within 2 weeks.
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, SEDA certification, and any additional project documents the bank requests.
Always compare effective rate, not flat rate. Banks sometimes advertise a flat interest rate (e.g., 3.5% p.a.) and others quote an effective rate calculated on the reducing balance. A flat rate of 3.5% over 7 years on RM30,000 costs you more in total interest than an effective rate of 4.8% reducing balance on the same loan. Ask each bank explicitly: “Is this rate flat or reducing balance?” CIMB and Maybank green loans are typically flat rate; BSN is SBR-linked (reducing balance).
Check the early settlement penalty before signing. Some banks (notably Public Bank) have a lock-in period during which you will pay a penalty if you settle the loan early — typically 3 to 5 years. If your financial situation may improve significantly (bonus, property sale, year-end cash), choose a product like CIMB or Maybank that explicitly allows early settlement without penalty.
Ready to compare options? See hire purchase plans, zero-upfront PPA, or use the solar savings calculator to model your cash flow before applying.