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Use the portion of the solar installation price that you plan to borrow as the loan principal. Enter the lender's annual nominal rate and term in months. This loan calculator models fixed-rate, reducing-balance monthly payments; compare its result with the lender's actual schedule and fee terms.

Yes. The EMI calculator estimates an equal monthly instalment for a fixed-rate, reducing-balance loan using principal, annual nominal interest and term. Use only the amount being borrowed after any cash contribution. Upfront fees are paid separately in this model. For other financing structures, compare the estimate with the actual payment schedule instead of assuming they work the same way.