Financing
You choose. We handle the loan.
आप चुनिए। लोन हम संभालेंगे।
We run the whole process, eligibility to subsidy claim. A 3 kW home: about ₹1,930 a month, dropping to ₹1,010 once the subsidy lands.
- Collateral-free up to ₹2,00,000
- Subsidy claimed for you
On the rooftops of
The team that builds and maintains 370+ solar plants across Rajasthan prepares your loan file.
Two ways to pay
Every Suntask proposal comes with a financing recommendation. These are the two routes.
Recommended for homes up to 3 kW
Bank loan under PM Surya Ghar
- Collateral-free loan up to ₹2,00,000, tenure up to 10 years.
- Interest around 7% a year, floating and repo-linked. Bank-published rates currently run 5.75–7.25%; your sanction letter carries the exact rate.
- You pay about 10% of the system cost upfront; the bank finances the rest.
- The ₹78,000 subsidy (up to ₹95,000 for MNBY-eligible households) is credited to your bank account after commissioning. Most customers use it to prepay the loan, and the EMI drops by nearly half.
- Suntask prepares the file, submits it, tracks it, and files the subsidy claim.
No lender, no interest
Pay direct
- A milestone schedule: 20% on booking · 70% on material delivery · 10% on commissioning.
- The subsidy is still claimed for you and credits to your account the same way.
What end-to-end means
You sign twice. We do the rest.
- 1
Check
YouSend your latest electricity bill on WhatsApp.
WeConfirm system size, loan route and loan amount the same day.
Day 0
- 2
File
YouSign the application we prepare.
WePrepare the complete file on the Jan Samarth portal or at the branch. Documents: Aadhaar, PAN, latest electricity bill, six-month bank statement, ownership proof, one photograph.
Days 1–3
- 3
Sanction
The bank approves; we schedule your installation against the sanction date.
Typically 7–14 days
- 4
Install and disburse
Disbursement releases to the project; our crew completes even a 10 kW site in a day.
One day on the roof
- 5
Subsidy
We file net-metering and the subsidy claim; ₹78,000 credits to your bank account. Most customers prepay the loan with it.
30–45 days after commissioning
After this there is one EMI, one monitored roof, and one team that looks after it for up to 10 years.
Five years of service, includedSolar EMI calculator
Work out your number.
Enter your monthly bill; the calculator sizes the plant, shows the EMI, what the subsidy does to it, and what you pay each month against the bill today. Every assumption it uses is listed inside the tool.
Solar EMI calculator
Your average month. Leave blank to compare with what the plant makes.
Your EMI: ₹1,930 a month
Your EMI
₹1,930
a month
₹1,010
a month, after the ₹78,000 subsidy prepays the loan at month 3
- 3 months at ₹1,930
- ₹78,000 subsidy
- 117 months at ₹1,010
Against the electricity it replaces
About 369 units a month
worth ≈ ₹2,581 at ₹7 a unit
The EMI stays below the electricity it replaces.
Your average month. Leave blank to compare with what the plant makes.
The money
- Suntask priceex-GST; GST at the rate on your quote is added to the invoice the bank finances
- ₹1,85,000
- You pay upfront10% margin
- ₹18,500
- Bank loan7% a year over 120 months
- ₹1,66,500
- Subsidy, credited to your accountcentral ₹78,000
- ₹78,000
- Total interest≈ ₹65,485 without the prepayment
- ₹35,644
- Net system cost after subsidy
- ₹1,07,000
Illustration at 7%; the bank's sanction letter governs. EMIs rounded to the nearest ₹10.
Adjust to a sanction letter or quote
Blank = by slab from the size
Assumptions and verification
Every default the tool uses, with where it comes from. The register number matches doc #36 §7.
| V1 | Rate up to ₹2,00,000 (% a year) | 7% | Illustration5.75–7.25% published, Jul 2026 |
| V2 | Rate above ₹2,00,000 (% a year) | 8% | Assumed |
| V3 | Upfront up to ₹2,00,000 (%) | 10% | Verify with bank |
| V4 | Upfront above ₹2,00,000 (%) | 20% | Assumed |
| V6 | Central subsidy (₹) | ₹30,000 · ₹60,000 · ₹78,000 | Scheme ruleMNRE |
| V7 | MNBY | ₹17,000 | Scheme ruleJVVNL · AVVNL · JdVVNL |
| V8 | Month the subsidy lands | 3 | Assumed30–45 d |
| V12 | Tariff (₹ a unit) | ₹7 | AssumedJVVNL |
| Y | Yield (units per kW a year) | 1475 | Planning yield= savings calculator, guide, blog |
| V17 | Price (₹) | 2 kW ₹1,63,000 · 3 kW ₹1,85,000 · 4 kW ₹2,35,000 · 5 kW ₹2,85,000 · 6 kW ₹3,25,000 · 7 kW ₹3,65,000 · 8 kW ₹3,85,000 · 10 kW ₹4,85,000 | Published price, ex-GST |
Standard illustrations
Illustrations below use a 10-year tenure at 7% (loans up to ₹2,00,000) and 8% above that, on Suntask's published pack prices (ex-GST), with the subsidy prepaying the loan at month 3. Rates are floating; the bank's sanction letter governs. These figures match the calculator's defaults exactly.
| System | Suntask price (ex-GST) | You pay upfront | Bank loan | EMI (10 yr) | EMI after subsidy prepayment |
|---|---|---|---|---|---|
| 2 kW | ₹1,63,000 | ₹16,300 | ₹1,46,700 | ~₹1,700 | ~₹990(₹60,000 subsidy) |
| 3 kW | ₹1,85,000 | ₹18,500 | ₹1,66,500 | ~₹1,930 | ~₹1,010(₹78,000 subsidy) |
| 4 kW | ₹2,35,000 | ₹47,000 | ₹1,88,000 | ~₹2,280(at ~8%) | ~₹1,320(₹78,000 subsidy) |
| 5 kW | ₹2,85,000 | ₹57,000 | ₹2,28,000 | ~₹2,770(at ~8%) | ~₹1,800(₹78,000 subsidy) |
| 6 kW | ₹3,25,000 | ₹65,000 | ₹2,60,000 | ~₹3,150(at ~8%) | ~₹2,190(₹78,000 subsidy) |
| 7 kW | ₹3,65,000 | ₹73,000 | ₹2,92,000 | ~₹3,540(at ~8%) | ~₹2,580(₹78,000 subsidy) |
| 8 kW | ₹3,85,000 | ₹77,000 | ₹3,08,000 | ~₹3,740(at ~8%) | ~₹2,770(₹78,000 subsidy) |
| 10 kW | ₹4,85,000 | ₹97,000 | ₹3,88,000 | ~₹4,710(at ~8%) | ~₹3,740(₹78,000 subsidy) |
- MNBY-eligible households receive up to ₹17,000 more; on a 3 kW that takes the EMI to about ₹810.
- Notice the 2 kW and 3 kW rows after subsidy: the larger subsidy on 3 kW pays for most of the third kilowatt.
- Prefer paying off faster? Choose "Finish early" in the calculator: on a 3 kW, the loan closes in about 4 years 7 months and total interest stays near ₹16,600. A 5-year tenure from the start is about ₹3,300 a month.
- Systems above 3 kW use the standard bank product: 20% upfront and hypothecation of the solar system. Standard practice, not property collateral.
- EMIs are reducing-balance calculations, rounded to the nearest ₹10.
- Prices are ex-GST. GST at the rate on your quote is added to the invoice the bank finances, so the sanctioned loan and EMI sit a little above these.
The EMI versus the bill
EMI versus the bill it replaces.
A 3 kW roof in Rajasthan generates about 360–375 units a month. At typical Jaipur DISCOM domestic tariffs, that is ₹2,400–2,900 of electricity. The EMI is about ₹1,930, lower than the bill from the first month, and about ₹1,010 once the subsidy prepays the loan. The system covers its own instalment and leaves margin.
If most of your bill is already covered by free MNBY units, solar will not pay back quickly. Our survey will tell you that plainly, including when the answer is that you should not buy yet.
Solar for homesShops and factories
PM Surya Ghar covers homes only.
For shops and factories we arrange term-loan financing through partner banks, and your accountant will want to look at one more line: accelerated depreciation on solar assets, which can change the payback math.
Off-grid systems receive no central subsidy and no PM Surya Ghar loan. Ask us on WhatsApp about EMI for them. Off-grid solar, in plain words
The loan
Questions about the loan.
Do I need collateral?
Up to ₹2 lakh, no. The loan is collateral-free under the scheme. Above ₹2 lakh, the solar system itself is hypothecated to the bank; your property is not involved.
What if the bank declines?
We pre-check eligibility before filing, so declines are rare. If it happens, you lose nothing: choose Suntask EMI or the direct-payment schedule, and the subsidy claim proceeds either way.
When does the subsidy arrive, and to whom?
To your own bank account, typically 30–45 days after commissioning, once inspection and the portal redemption are complete. We file it; you track it with us.
Can I prepay the loan?
Yes. Public-sector banks typically allow prepayment of these loans without penalty, and most customers prepay with the subsidy. The calculator shows both options: a lower EMI, or finishing early. Confirm the clause in your sanction letter.
Does the EMI start before the system generates?
Disbursement is timed to installation, and our crews finish a site in a day, so generation and repayment begin nearly together. The first EMI typically falls in the month after disbursement.
Is Suntask the lender?
No. Suntask is a solar EPC company. The bank sanctions the loan and sets the rate and terms; we prepare, file and follow up until money moves.
Will my credit score matter?
Yes, as with any bank loan. A reasonable repayment history helps; we check this in step 1 so you never file an application likely to fail.
Fair print
The bank lends. We run the process.
- Suntask (Shriarjun Needday Primemart Pvt Ltd) is a solar EPC company, not a bank or NBFC. Loans are sanctioned by the lending bank; approval, rate and terms are the bank's decision.
- Rates are floating and repo-linked. Figures on this page, including the calculator's defaults, are illustrations at 7% a year (loans up to ₹2 lakh) and 8% above, against bank-published rates of 5.75–7.25% as of July 2026.
- The subsidy is disbursed by the Government of India to your bank account after commissioning, inspection and portal redemption, subject to scheme rules and timelines.
- Insurance may be required for systems above 3 kW, per bank norms.
- Your exact price, rate, EMI and subsidy are printed in your proposal.
From the blog
Explained by the engineers.
Net metering and DISCOMs
Net metering in Rajasthan: JVVNL, AVVNL, JdVVNL, step by step
Net metering is the agreement that turns your roof into a two-way account with the DISCOM. Here is how the application moves through JVVNL, AVVNL or JdVVNL, what each step needs from you, and where applications stall.
4 September 2026 · 5 min readRead the article
Subsidy and money
Rajasthan's ₹17,000 solar top-up, explained
The central PM Surya Ghar subsidy tops out at ₹78,000. Rajasthan adds up to ₹17,000 for families under its free-electricity scheme, taking the total to ₹95,000. This is the explainer for that extra amount: eligibility by connection, the payment route, and the maths for the small plant it was designed around.
4 September 2026 · 4 min readRead the article
Buying a system
ALMM and DCR panels: check before you sign
Two acronyms decide whether your subsidy arrives: ALMM and DCR. Here is what they mean, how to check a quote against them in five minutes, and the other questions worth asking before the money moves.
4 September 2026 · 4 min readRead the article
Request a call back
Send your bill. Get your number.
One WhatsApp message starts the eligibility check; we reply the same day. Or leave your details here and we call you back.