EMI Per Lakh Calculator India — Quick Reference Table
Home · Car · Personal · Education Loan — Amortization, Prepayment & Bank Comparison
The "EMI per lakh" concept makes loan comparison simple — once you know the EMI for ₹1 lakh, multiply by your loan amount (in lakhs) to get exact EMI. At 8.5% for 20 years, EMI per lakh = ₹868. So ₹50L home loan EMI = 50 × ₹868 = ₹43,400. This calculator generates the complete rate-vs-tenure EMI table from 6% to 16% and 1 to 30 years.
💡 Best Tenure Suggestion
Compare how tenure affects your EMI and total interest
🔄 Prepayment Calculator
See how a lump-sum prepayment reduces your loan burden
🏦 Compare Loan from 3 Banks
See EMI difference across banks for your loan amount of ₹10,00,000
📅 Amortization Schedule
Month-by-month loan repayment breakdown
| Month | EMI | Principal | Interest | Balance | Paid % |
|---|---|---|---|---|---|
| Month 1 | ₹8,678 | ₹1,595 | ₹7,083 | ₹9,98,405 | |
| Month 2 | ₹8,678 | ₹1,606 | ₹7,072 | ₹9,96,799 | |
| Month 3 | ₹8,678 | ₹1,618 | ₹7,061 | ₹9,95,181 | |
| Month 4 | ₹8,678 | ₹1,629 | ₹7,049 | ₹9,93,552 | |
| Month 5 | ₹8,678 | ₹1,641 | ₹7,038 | ₹9,91,912 | |
| Month 6 | ₹8,678 | ₹1,652 | ₹7,026 | ₹9,90,260 | |
| Month 7 | ₹8,678 | ₹1,664 | ₹7,014 | ₹9,88,596 | |
| Month 8 | ₹8,678 | ₹1,676 | ₹7,003 | ₹9,86,920 | |
| Month 9 | ₹8,678 | ₹1,688 | ₹6,991 | ₹9,85,232 | |
| Month 10 | ₹8,678 | ₹1,700 | ₹6,979 | ₹9,83,533 | |
| Month 11 | ₹8,678 | ₹1,712 | ₹6,967 | ₹9,81,821 | |
| Month 12 | ₹8,678 | ₹1,724 | ₹6,955 | ₹9,80,098 |
How to Use EMI Calculator India
Select your loan type (Home, Car, Personal, Education), enter loan amount, set interest rate and tenure. Get instant monthly EMI, total interest, amortization schedule, and bank comparison — all free, no login required.
EMI Formula — How It Works
EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ - 1) where P = Principal, r = monthly rate (Annual/12/100), n = months.
Example: ₹10 lakh at 8.5% for 20 years → EMI = ₹8,678/month · Total Interest = ₹10.83 lakh · Total Payment = ₹20.83 lakh.
When Should You Prepay Your Loan?
Prepaying in the first half of the tenure saves maximum interest — because early EMIs are mostly interest. A ₹2 lakh prepayment in year 2 of a 20-year home loan can save ₹4–6 lakh in total interest. Use our Prepayment Calculator above to see your exact savings.
Home Loan vs Car Loan vs Personal Loan — Key Differences
Home Loan: Lowest rates (8.5–9.5%), longest tenure (30 years), secured against property. Car Loan: Medium rates (8–10%), tenure 1–7 years, car as collateral. Personal Loan: Highest rates (10.5–24%), no collateral, fastest disbursement.
Frequently Asked Questions
What is EMI per lakh and how to use it?
EMI per lakh = monthly EMI for ₹1,00,000 loan at a given rate and tenure. To find your loan EMI: EMI = (EMI per lakh) × (loan amount in lakhs). Example: EMI per lakh at 9%, 15 years = ₹1,014. For ₹35L loan: 35 × ₹1,014 = ₹35,490/month.
What is the EMI per lakh at 8.5% for various tenures?
8.5% rate: 5 years = ₹2,051/lakh. 10 years = ₹1,239/lakh. 15 years = ₹985/lakh. 20 years = ₹868/lakh. 25 years = ₹805/lakh. 30 years = ₹769/lakh. Each extra 5 years saves ₹63–183/lakh in EMI but adds lakhs to total interest.
How much does 0.5% rate difference affect EMI?
On ₹50L, 20-year loan: at 8.5% EMI = ₹43,391. At 9.0% EMI = ₹44,986. Difference = ₹1,595/month = ₹19,140/year = ₹3.83L over 20 years. This is why negotiating rate matters — even 0.25% = ₹1.9L savings on ₹50L loan.
Should I use EMI per lakh or actual EMI calculator?
EMI per lakh is great for quick comparisons and shortlisting loan amounts. But use actual EMI calculator for exact amortization schedule, prepayment analysis and total interest. Both are based on the same formula — the per-lakh table just pre-computes for ₹1L.