(Use our ICICI Personal Loan EMI Calculator to quickly and accurately plan your finances and find the best loan options.)
Below is a detailed breakdown of how your payments are distributed:
| 🗓 Month | 💸 Principal (P) | 💰 Interest (I) | 💳 Total (P+I) | 💼 Pending |
|---|
An ICICI Personal Loan EMI Calculatoris a useful online tool that helps you quickly calculate your monthly EMIs for a personal loan from ICICI Bank. By entering details such as the loan amount, interest rate, and loan tenure, the calculator instantly provides an estimate of your monthly payments. This allows you to plan your finances effectively and make informed decisions.
Calculate your EMIs in just 3 simple steps:
Enter the desired loan amount you plan to borrow from ICICI Bank for your personal loan. The loan amount can range from ₹50,000 to ₹40 lakhs, depending on your eligibility.
Input the applicable interest rate for your loan. ICICI Bank's personal loan interest rates typically vary between 10.5% to 22%, depending on your credit score (CIBIL score), loan amount, and tenure.
Select the repayment tenure (in months) for your loan. ICICI allows flexible repayment periods ranging from 12 to 72 months. Choose a tenure that suits your financial situation.
Once you have entered these details, the calculator will display your monthly EMI amount, breaking down the principal and interest. This gives you a clear picture of your repayment schedule and helps you make better financial decisions.
Our ICICI Personal Loan EMI Calculatoroffers several advantages that make it a reliable financial planning tool:
Interest rates on a Personal Loan refer to the annual cost of borrowing funds. Lenders set these rates based on various factors, including creditworthiness and market conditions. Borrowers can use interest rate calculators to estimate their monthly repayments. Personal Loan interest rates play a crucial role in determining the overall cost of the loan, borrowers should compare the rates and choose the most favorable option for their financial needs. ICICI Bank offers Personal Loans with competitive interest rates starting at 10.85%*per annum.
| Particulars | Interest Rates and Applicable Charges |
|---|---|
| Personal Loan Interest Rates | Between 10.85% and 16.25% per annum |
| Loan Processing Charges / Origination Charges (Non-refundable) | Up to 2% of the loan amount plus applicable taxes |
| Latest MCLR | ICICI Bank MCLR – 1 Year: 9.10% Spread: 1.75% to 7.15% Effective ROI: 10.85% to 16.25% |
MCLR stands for the Marginal Cost of Funds based Lending Rate. MCLR is subject to change, which may affect the final interest rates; hence the above figures are indicative in nature. T&Cs apply.
| Type of Credit Facility | Maximum | Minimum | Mean |
|---|---|---|---|
| Personal Loan Interest Rates | 19.50% per annum | 10.80% per annum | 13.09% per annum |
Note: This excludes subsidies, government schemes, and loans disbursed under the Emergency Credit Line Guarantee Scheme (ECLGS) at the mandated interest rate of 9.25%.
| Criteria | Details |
|---|---|
| Age | Between 20 and 58 years |
| Net Salary | Minimum monthly income of Rs 30,000 |
| Total Years of Work Experience | 2 years |
Note: The minimum salary requirement may differ based on the customer's profile (type of employer, relationship with ICICI Bank, etc.).
| Criteria | Details |
|---|---|
| Age | Minimum age is 23 years; maximum age at the end of the tenure is 65 years |
| Maximum Loan Amount | Up to Rs 50 lakh |
| Business Vintage | 2 years in the current business and total experience of >=3 years |
Note: ICICI Bank provides loans to self-employed individuals under business installment loans.
| Category | Document Type | Details |
|---|---|---|
| For Salaried Individuals | 1. Proof of Identity/Residence | Any one of the following Official Valid Documents (OVD): - Passport - Driving License issued by Regional Transport Authority - Voter's Identity Card - Letter from National Population Register - Proof of possession of complete AADHAR Card - NREGA Card |
| 2. Latest 3 months Bank Statement | Bank statement where salary/income is credited | |
| 3. Salary Slips | Salary slips for the last 3 months | |
| For Self-Employed | 1. Proof of Identity/Residence | Any one of the following Official Valid Documents (OVD): - Passport - Driving License issued by Regional Transport Authority - Voter's Identity Card - Letter from National Population Register - Proof of possession of complete AADHAR Card - NREGA Card |
| 2. Income Proof | - Audited financials for the last two years - Latest 6 months Bank Statement |
|
| 3. Office Address Proof | Valid proof of business address | |
| 4. Proof of Residence or Office Ownership | Documentation proving ownership | |
| 5. Proof of Continuity of Business | Relevant documentation showing business continuity |
For General Queries:1800 1080(Accessible across India)
Customers Traveling Overseas:+91-22-33667777
For Grievances:Call 1800 1080
Backup Customer Care Number:Click here
Corporate Office:ICICI Bank Towers, Bandra-Kurla Complex, Mumbai 400051
Registered Office:ICICI Bank Tower, Near Chakli Circle, Old Padra Road, Vadodara 390007
Disclaimer:The products, services, and offers referred to here are subject to the Terms and Conditions governing them as specified by ICICI Bank from time to time on www.icicibank.com. Nothing contained here will constitute or be deemed to constitute advice, invitation, or solicitation to purchase any products/services of ICICI Bank.