Meezan solar financing calculator
Estimate the monthly instalment on Meezan Solar, the bank's Shariah-compliant solar financing, with its published limits and down payments.
Monthly instalmentPKR 28,522
- Down payment (20% (allowed 15% to 50%))
- PKR 200,000
- Amount financed
- PKR 800,000
- Total profit
- PKR 226,799
- Upfront fees (Processing PKR 6,000 + FED, and PKR 1,000 STR)
- PKR 7,000
- Down paymentPKR 200,00016%
- Amount financedPKR 800,00065%
- Interest or markupPKR 226,79918%
- Balance left
Year by year
| Year | Principal paid | Interest paid | Balance left |
|---|---|---|---|
| 1 | PKR 223,121 | PKR 119,145 | PKR 576,879 |
| 2 | PKR 264,152 | PKR 78,115 | PKR 312,727 |
| 3 | PKR 312,727 | PKR 29,539 | PKR 0 |
- Meezan Solar uses Musawamah: the bank buys the system and sells it to you at an agreed price paid in instalments. The instalment here is an estimate at the rate you enter.
- Available in Karachi, Lahore and Rawalpindi/Islamabad, on a house you own (not flats). No late-payment charge. Batteries are not financed.
- Terms from meezanbank.com, Meezan Solar page, last updated 4 August 2026.
About this calculator
Meezan Solar is Meezan Bank's Shariah-compliant financing for home solar systems, from PKR 100,000 to 2.5 million (3 million for Premium customers), repaid over 12 to 60 months.
The down payment depends on your system and credit history. The calculator applies those limits and estimates your instalment at the profit rate in your quotation.
How it works
- Minimum down payment is 15% for on-grid systems with 12 months of credit history, and 30% otherwise. The maximum is 50%.
- Amount financed = system cost minus down payment.
- The instalment is spread evenly over the tenure at the profit rate you enter.
Common questions
- Is Meezan solar financing interest-free?
- It is Shariah-compliant financing under Musawamah. The bank earns a profit built into the sale price rather than charging interest.
- Does Meezan finance batteries?
- No. The bank's page says batteries are not financed for on-grid or off-grid systems.
- Who is eligible?
- Among other conditions, permanent salaried applicants need a gross salary of at least PKR 100,000 and two years in their current job, and must own the house where the system is installed.
Not affiliated with Meezan Bank. Based on the bank's public page; confirm current terms with the bank.