ICICI Bank Home Loan EMI Calculator

The ICICI Bank Home Loan EMI Calculator is a convenient tool to help you calculate your monthly installments for a home loan. Whether you’re buying a new house, constructing, or renovating, this calculator offers a quick estimate of your EMI based on the loan amount, interest rate, and tenure.

What is EMI?

EMI (Equated Monthly Installment) is the fixed amount you pay every month towards repaying your home loan. Each EMI includes both principal and interest components.

How is EMI Calculated?

EMI = [P × R × (1 + R)^N] / [(1 + R)^N – 1]

• P = Principal loan amount
• R = Monthly interest rate (Annual Rate ÷ 12 ÷ 100)
• N = Loan tenure in months

How to Use the ICICI EMI Calculator?

1. Enter your desired home loan amount
2. Select the expected interest rate (ICICI Bank offers competitive rates)
3. Choose the loan tenure (in years or months)
4. View the monthly EMI, total interest, and total amount payable

Why Use ICICI Bank’s Home Loan EMI Calculator?

• Instant EMI calculation without manual formulas
• Plan loan affordability and repayment comfortably
• Compare different loan scenarios with varying inputs
• Reduce chances of loan default by planning ahead

ICICI Bank Home Loan Features

• Loan amounts up to ₹5 Crores
• Flexible tenures up to 30 years
• Interest rates starting around 9.00% p.a. (subject to change)
• Balance transfer and top-up loan options available

Example EMI Calculation

FAQs

Q: Does ICICI Bank offer both fixed and floating rate home loans?

Yes, ICICI Bank offers both fixed and floating interest rate options.

Q: Can I prepay my home loan?

Yes, prepayment is allowed. You can pay part or full loan ahead of schedule. Check for applicable charges.

Q: Where can I access the official EMI calculator?

You can use the official ICICI calculator here:
ICICI Bank EMI Calculator