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Solar Loan EMI
Reducing-balance EMI for solar financing.
FinancialCore inputs only — quick sizing with engineering defaults.
Inputs (SI units)
Results
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Engineering Formula
- i = r / 1200, n = yrs × 12
- EMI = P × i × (1+i)ⁿ / ((1+i)ⁿ − 1)
- Interest = EMI × n − P
Standard reducing-balance EMI. Same math banks use; verify against sanction letter for processing fee treatment.
Step-by-step Calculation
- 1.i
r/12000.00875 - 2.n
yrs×1260 - 3.EMI
Pi(1+i)ⁿ/((1+i)ⁿ-1)₹ 6,448
Design Assumptions
- • Fixed rate, no moratorium.
Engineering Tips
- ◆Compare 5-yr EMI vs system 25-yr life for cash-flow neutrality.
Warnings
- ▲Add 1–2% processing fee to APR for true cost.
Standards & References
RBI reducing-balance convention
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