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Solar Loan EMI Calculator
Enter your loan amount, interest rate and tenure to see your monthly EMI for financing a solar system.
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Monthly EMI
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Total interest payable—
Total amount payable—
Loan tenure—
DisclaimerEstimate only, using the standard reducing-balance EMI formula. Actual EMI, processing fees and final interest rate depend on the lender's terms and your credit profile — confirm with your bank or NBFC before signing.
How EMI is calculated
This uses the standard reducing-balance formula banks use for EMI:
- EMI = P × r × (1+r)n ÷ ((1+r)n − 1)
- P = loan amount, r = monthly interest rate, n = number of monthly instalments.
See Solar Financing Options for Indian Homeowners on the Solar Draft blog for how EMI fits alongside the PM Surya Ghar subsidy.
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