SBI & Bank Solar Loan EMI Calculator (7.0% Interest Scheme)
Calculate your monthly loan repayment for rooftop solar. Zero collateral required for systems up to 3 kW under PM Surya Ghar.
Requires 285 sq. ft. of shadow-free roof. Generates ~357 units/month.
Direct Bank Transfer (DBT) credited straight to your bank account via PM Surya Ghar portal.
Original Cost: ₹1,65,000. Recovers cost in 2.7 Years!
Full Financial & Energy Feasibility Breakdown
PM Surya Ghar Collateral-Free Bank Financing Scheme (2026)
To ensure that zero Indian families are excluded due to upfront capital constraints, the Ministry of Finance partnered with major public sector banks (SBI, Canara Bank, PNB, Bank of Baroda) to launch a specialized collateral-free green loan facility:
Repo Rate + 0.50% markup. Lowest interest rate in Indian retail banking.
No home mortgage or asset security needed. Simple digital sanction.
Standard 5-year or 7-year monthly EMI schedule with zero prepayment penalty.
Sample 5-Year Loan Repayment vs Monthly Savings
| System Size | Total Cost | Govt. Subsidy | Loan Amount (Net) | 5-Yr Monthly EMI (@ 7%) | Monthly Bill Saved |
|---|---|---|---|---|---|
| 1 kW System | ₹55,000 | ₹30,000 | ₹25,000 | ~₹495 / mo | ~₹900 / mo (Net Profit!) |
| 2 kW System | ₹1,10,000 | ₹60,000 | ₹50,000 | ~₹990 / mo | ~₹1,800 / mo (Net Profit!) |
| 3 kW System | ₹1,65,000 | ₹78,000 | ₹87,000 | ~₹1,720 / mo | ~₹2,700 / mo (₹1,000+ Profit!) |
* As demonstrated above, your monthly solar energy generation savings exceed your bank EMI from Month 1, creating an instant positive cashflow!