Solar Loan EMI Calculator - EMI vs Your Bill
The killer question for financed solar: is the EMI smaller than the electricity bill it replaces? Usually yes - see your numbers.
Your loan
EMI vs bill
₹2,970
Monthly EMI
₹3,000
Current monthly bill
EMI wins
Which is smaller?
💡 Your EMI (₹2,970) is LOWER than your current bill. You effectively swap the electricity bill for a loan payment that ends in 5 years - after that the power is free.
PM Surya Ghar tie-ups offer collateral-free loans around 7% for up to 3 kW. Total interest paid here: ₹28,200.
Frequently asked questions
Are there special solar loans?
PM Surya Ghar has tie-ups with public banks for collateral-free loans around 7% for residential systems up to 3 kW. Regular personal loans run 11-14%.
What happens after the loan ends?
The system keeps producing for 25 years. After a 5-year loan you typically get 20 years of essentially free power, minus a small inverter replacement around year 10-12.