Solar Loan EMI Calculator – Estimate Your Solar Financing Easily

If you are planning to install a solar system and need financing, our Solar Loan EMI Calculator is the ideal tool to estimate your monthly repayments and total cost. Whether you are a homeowner or a business owner, this calculator helps you understand the financial implications before taking out a loan.
We work with solar companies that provide solar installations as well as solar loans, so we have a lot of experience in this, and we have built this calculator based on our experience.

What Is the Solar EMI Calculator?

The Solar EMI (Equated Monthly Installment) Calculator is an online tool that allows you to estimate:

• What your monthly EMI would be approximately,

• What the total interest payable from start to end,

• What the total solar cost would be and the loan amount after margin,

• What the likely processing fee and GST would be,

• Month-by-month amortization table,

• And a loan chart showing your costs.

It simplifies decision making by providing a clear picture of your financial commitments over the loan term.

Note: Processing fee and EMI may vary from bank to bank.

Key Features of the Tool

1. User Type Selection

   • Choose between Residential or Commercial.

   • Residential projects up to ₹2,00,000 get a 10% margin, above that and all commercial projects get a 20% margin.

2. Loan Type

   • Fixed: EMI stays the same throughout the term.

   • Reducing: EMI decreases as the principal reduces.

3. Loan Source

   • Choose from JanSamarth (no processing fee for residential users) or Other lenders.

4. Flexible Inputs

   • Total cost

   • Interest rate (6% to 18%)

   • Loan term (6 to 120 months)

5. Visual Breakdown

   • A color-coded bar chart showing the loan vs margin

   • A detailed amortization table month-wise, with interest, principal, EMI, and balance

6. Print/Download Support

   • Users can print or save the results directly.

How the Calculator Works

• Based on your project cost, it automatically calculates the margin amount and loan amount.

• For Fixed loans, EMI is calculated using the standard amortization formula.

• For Reducing balance loans, each month’s interest and principal are calculated individually.

• The tool adds processing fee + GST unless JanSamarth is selected under Residential.

Benefits of Using the Calculator

Easy-to-use and mobile-friendly
Accurate EMI estimates
Transparent breakdown of fees and charges
Helps compare Fixed vs. Reducing loan types
Saves time and avoids surprises in loan repayment.