Free tool
Solar loan and EMI calculator
The PM Surya Ghar loan is collateral-free from nationalised banks at the repo rate plus 0.5%, which was 5.75% on 28 July 2026, over 10 years. Enter the amount left after subsidy and compare the EMI with what the system saves.
Figures verified on 16 Sept 2026. Every number links to its source on the sources page.
₹
Use the net payable from the solar calculator.
% a year
PM Surya Ghar loans: repo rate + 0.5% (5.75% on 28 Jul 2026). Bank rates differ; enter yours.
years
₹
From the solar calculator; used to compare EMI with savings.
Monthly EMI
₹1,098
- Total repaid
- ₹1,31,723
- Total interest
- ₹31,723
- Saving minus EMI
- +₹1,402 a month
Reducing-balance EMI, no processing fee or insurance modelled. Under the scheme the loan is collateral-free from nationalised banks; the rate is repo-linked and changes with the repo rate.
Questions people ask
Sources
- 1.PM Surya Ghar: Subsidy Support and Low-Interest Financing (Rajya Sabha reply) — PIB / MNRE, 28 Jul 2026
- 2.Cabinet approves PM-Surya Ghar: Muft Bijli Yojana — PIB / MNRE, 29 Feb 2024
- 3.PM Surya Ghar: India's Solar Revolution (backgrounder) — PIB / MNRE, 13 Mar 2025
- 4.Tie-up with SIDBI, SBI and other NBFCs for collateral-free solar loans — Verde Solaire, 2023
- 5.Solar Panel Price in Delhi – 2025 Cost, Subsidy & EMI Explained — Verde Solaire, 14 Jul 2025