Solar loan EMI calculator
Enter the loan amount, the interest rate your lender offers and the tenure to see your monthly EMI and the total interest you'll pay.
An estimate from your inputs, not a loan offer
Ray2Volt Solar: solar loan EMI estimate. ray2voltsolar.com/solar-emi-calculator.html
Your estimate
- Monthly EMI
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- Total interest
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- Total repaid
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- Number of EMIs
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| Year | Paid | Principal | Interest | Balance |
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How the EMI is worked out
EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1), where P is the loan amount, r is the yearly interest rate ÷ 12 ÷ 100, and n is the number of monthly payments.
Your lender's figure may differ slightly because of processing fees, insurance or how it rounds. Loans are subject to lender approval.
Loans for solar
We offer bank-loan support for home and business solar, including collateral-free loan support where eligible. For homes, loans under the PM Surya Ghar scheme are applied for through the national portal. For home systems up to 3 kW, the scheme's collateral-free bank loans are linked to the RBI repo rate plus 0.5%, which the government put at 5.75% a year with a 10-year tenure in July 2026 (PIB, 28 Jul 2026). The rate moves with the repo rate, and every loan is subject to lender approval. Our guide to solar loans in India explains the options, and the PM Surya Ghar subsidy guide covers the subsidy for eligible homes.
For a business, a loan is one of three ways to pay for a plant. Compare buying outright, a loan and RESCO, or estimate the full return with the business ROI calculator.