EMI per ₹1 Lakh Calculator
Look up the EMI on a flat ₹1 lakh loan for any rate and tenure combination.
About this calculator
Bankers and loan agents commonly quote EMI using a per-lakh reference figure rather than running a full calculation for your specific loan amount every time, and knowing that reference number lets you mentally scale to any loan size instantly. This calculator applies the standard EMI formula (based on principal, monthly interest rate and number of installments) to a flat ₹1,00,000 principal at your chosen annual interest rate and tenure, producing the exact per-lakh figure lenders and loan tables use. Enter a rate and tenure, and multiply the resulting per-lakh EMI by your loan amount in lakhs to estimate your actual monthly payment, without running the full EMI formula from scratch for your specific principal. This is especially useful for quickly comparing how EMI shifts across different rate or tenure scenarios, since the per-lakh figure isolates exactly how those two variables affect your payment independent of loan size.
Worked example
8.5% rate, 240-month tenure
Result: EMI per ₹1 lakh ≈ ₹868
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