You Can Now Install Interest-Free Solar Panel Systems at Your Home in Easy Monthly Installments.

Customers of Meezan Bank can now enjoy Shariah-compliant perks. They are now offering interest-free solar panel installations in convenient monthly installments.

Their Solar Panel Financing programme makes renewable energy more accessible by offering flexible payment plans and competitive pricing. The installation will save up to 50% on electricity expenditures. Furthermore, because the technology is Shariah-compliant, you can install the solar panels without fear of incurring interest.

Solar Panel Details

The whole product description is provided below.

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Eligibility Criteria:

The eligibility conditions for business owners, permanent employees, contractual employees, and retirees varied. For further information about eligibility, see the Meezan Bank website.

However, the applicant must own the property where the solar panel is to be put. In the case of an immediate family member’s ownership, the house owner will be the co-applicant.

How to Apply

To apply for this service, go to your nearest Meezan Bank branch or phone their helpline at 111-331-331 / 111-331-332.

Obtain a quote from the bank’s Energy Partner. The list is available on the internet.

Submit the completed application form, a copy of your CNIC, and a copy of your most recent electricity bill.

The final step is to open an account with Meezan Bank.

Costs involved

The following are the financing costs.

Solar Panels Cost.

Inverter prices.

Other connected costs include equipment, wiring, and installation fees.

The cost of batteries (both off-grid and on-grid), net meeting to be borne by consumers, and its arrangement are unfunded.

With this interest-free option, you can have a stress-free summer.