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Updated 2026EMI + interest

Solar Loan Calculator India 2026 — EMI & Interest Calculator

Estimate your EMI, total interest, and payments for a solar loan. Includes planning bank rates (SBI, PNB, Bank of Baroda, Canara) and subtracts PM Surya Ghar central subsidy as a baseline.

Solar loan EMI calculator

System size (kW)
Auto cost uses ₹65,000 per kW (planning).
Subsidy amount (₹)
Auto-calculated from central slabs (editable).
Down payment (%)
Reduces loan amount.
Loan amount (₹)
Auto = cost − subsidy − down payment (editable).
Bank
Up to ₹10 lakh, up to 10 years (verify latest)
Interest rate (% p.a.)
Auto-filled by bank (editable).
Loan tenure (months)
Monthly EMI
₹1,931
Total interest paid
₹18,337
Total payment
₹1,15,837
Break-even month
Month 1
Assumes monthly savings ~ ₹2,880 (120 units/kW × ₹8).
Amortization (first 6 months)
MonthOpeningEMIInterestPrincipalClosing
1₹97,500₹1,931₹569₹1,362₹96,138
2₹96,138₹1,931₹561₹1,370₹94,768
3₹94,768₹1,931₹553₹1,378₹93,391
4₹93,391₹1,931₹545₹1,386₹92,005
5₹92,005₹1,931₹537₹1,394₹90,611
6₹90,611₹1,931₹529₹1,402₹89,209

Tip: You can open the main calculator EMI tab directly at /calculator#emi.

Bank rate comparison (planning)

BankRate (p.a.)Notes
SBI7.00%Up to ₹10 lakh, up to 10 years (verify latest)
PNB7.25%—
Bank of Baroda7.50%—
Canara Bank7.25%—

Tips to get the best solar loan rate

  • Compare offers across banks and ask for any green/priority-sector rates.
  • Keep income proof and credit score strong to unlock lower rates.
  • Choose a tenure where EMI stays below your comfortable monthly savings range.
  • Prefer transparent quotes (processing fee, insurance, foreclosure charges).
  • If possible, increase down payment to reduce interest outgo.

FAQ

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Final cost: ₹1,17,000Monthly savings: ₹2,880