Solar financing calculator

Paying monthly makes solar possible for many homes and businesses, but it always costs more than paying in full. This shows exactly how much more. Jualink is not a lender; our partners decide on applications and set the final terms.

System cost (NGN)Deposit: 25% (₦1,000,000)Term: 36 months

Interest rate (% a year)Interest methodUpfront fee (%)Monthly fee (NGN)

Estimated monthly payment

₦120,872

for 36 months, after a ₦1,000,000 deposit

System cost: ₦4,000,000
Deposit: ₦1,000,000
Amount financed: ₦3,000,000
Interest: ₦1,351,387
Fees: ₦30,000
Total repaid to lender: ₦4,351,387
Total you pay: ₦5,381,387
Extra vs paying cash: ₦1,381,387
Effective APR (incl. fees): 26.8%

Month-by-month schedule

Month	Payment	Interest	Balance
1	₦120,872	₦65,000	₦2,944,128
2	₦120,872	₦63,789	₦2,887,046
3	₦120,872	₦62,553	₦2,828,727
4	₦120,872	₦61,289	₦2,769,144
5	₦120,872	₦59,998	₦2,708,270
6	₦120,872	₦58,679	₦2,646,077
7	₦120,872	₦57,332	₦2,582,537
8	₦120,872	₦55,955	₦2,517,620
9	₦120,872	₦54,548	₦2,451,297
10	₦120,872	₦53,111	₦2,383,536
11	₦120,872	₦51,643	₦2,314,308
12	₦120,872	₦50,143	₦2,243,579
13	₦120,872	₦48,611	₦2,171,318
14	₦120,872	₦47,045	₦2,097,492
15	₦120,872	₦45,446	₦2,022,065
16	₦120,872	₦43,811	₦1,945,005
17	₦120,872	₦42,142	₦1,866,275
18	₦120,872	₦40,436	₦1,785,839
19	₦120,872	₦38,693	₦1,703,660
20	₦120,872	₦36,913	₦1,619,701
21	₦120,872	₦35,094	₦1,533,923
22	₦120,872	₦33,235	₦1,446,286
23	₦120,872	₦31,336	₦1,356,750
24	₦120,872	₦29,396	₦1,265,275
25	₦120,872	₦27,414	₦1,171,817
26	₦120,872	₦25,389	₦1,076,335
27	₦120,872	₦23,321	₦978,783
28	₦120,872	₦21,207	₦879,118
29	₦120,872	₦19,048	₦777,294
30	₦120,872	₦16,841	₦673,264
31	₦120,872	₦14,587	₦566,979
32	₦120,872	₦12,285	₦458,392
33	₦120,872	₦9,932	₦347,452
34	₦120,872	₦7,528	₦234,108
35	₦120,872	₦5,072	₦118,309
36	₦120,872	₦2,563	₦0

An estimate from the terms you entered. Interest is calculated monthly on the remaining balance; fees are taken as shown. Real offers come from lenders after they review an application.

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