PM Surya Ghar 7.0% Concessional Bank Loans
Solar Loan & EMI Calculator
Switch to solar with zero upfront burden. Calculate your monthly EMI against electricity bill savings and start saving from Month 1.
No account needed Live EMI as you move the sliders
- 7% p.a.
- lowest rate in the calculator
- 10 years
- longest tenure offered
- 4
- lenders compared side by side
Plant & Loan Details
Adjust capacity and loan terms to see live EMI updates.
7% concessional rate · Zero processing fee · Up to 10 years
3 kW
1 kW (Small Home)3 kW (Most Popular)10 kW (Bungalow)
10% (₹7,800)
0% (Zero Down)10% (Recommended)50%
7 Years
1 Year10 Years Max
Estimated Total System Cost₹1,56,000
PM Surya Ghar Subsidy (DBT)- ₹78,000
Net Cost After Subsidy₹78,000
Total Loan Amount Borrowed₹70,200
Day 1 Cashflow Positive
₹1,060 / month
Monthly EMI @ 7% p.a. for 7 years
Electricity Bill Saved
+ ₹2,520 /mo
Net in your pocket: ₹1,460/mo
Subsidy (DBT)
₹78,000
Monthly Units
360 kWh
Annual Savings
₹30,240
25-Yr Net Gain
₹6,59,160
Monthly Financial Comparison
Before Solar (Current Bill)
₹2,520
Paid to DISCOM every month with zero equity or ownership.
With Solar Green Loan
₹1,060
Loan EMI replaces your bill, and after 7 years power is 100% free!
Apply for Instant Solar Loan Eligibility
Check your eligibility for SBI, PNB, and Canara Bank PM Surya Ghar loans through Solset verified EPC partners.
Compare lenders
National Solar Rooftop Loan Schemes (2026)
Compare terms across leading public sector banks participating in PM Surya Ghar: Muft Bijli Yojana.
| Bank Name | Interest Rate | Max Tenure | Down Payment (Margin) | Prepayment Penalty |
|---|---|---|---|---|
| State Bank of India (SBI) | 7.00% p.a. | Up to 10 Years | 10% of net project cost | Zero |
| Punjab National Bank (PNB) | 7.00% p.a. | Up to 7 Years | Zero up to ₹2 Lakhs | Zero |
| Canara Bank | 7.00% p.a. | Up to 10 Years | 10% – 15% | Zero |
| Solar NBFCs / Fintechs | 9.50% – 11.5% | Up to 5 Years | Zero Down Payment available | Zero |
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