ICICI Personal Loan EMI Calculator

The ICICI Personal Loan EMI Calculator helps you calculate your Equated Monthly Installments (EMIs) quickly and accurately. This tool simplifies financial planning by offering insights into your monthly payments and total interest for a personal loan.

What is a Personal Loan EMI?

EMI (Equated Monthly Installment) is the fixed amount you pay each month to repay your loan. It includes both the interest and principal components, spread over your chosen loan tenure.

EMI Calculation Formula

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

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

How to Use ICICI’s Personal Loan EMI Calculator

Enter the loan amount
Select the loan tenure (in months)
Input the applicable interest rate
Click “Calculate” to view EMI, total interest, and total amount payable

Benefits of ICICI EMI Calculator

Instant and accurate EMI estimates
Assists in loan planning and budgeting
Helps compare different loan options
Free to use and accessible online 24/7

ICICI Personal Loan Highlights

Loan amount up to ₹50 Lakhs*
Tenure options from 12 to 72 months
Interest rates starting at 10.50% p.a.*
Minimal paperwork and quick disbursal

Sample EMI Calculation

Loan Amount	Interest Rate	Tenure	Monthly EMI
₹5,00,000	11.00% p.a.	60 months	₹10,871

Frequently Asked Questions

Q: Is the EMI fixed during the tenure?

Yes, for fixed-rate ICICI personal loans, your EMI stays the same for the entire repayment period.

Q: Can I prepay my ICICI personal loan?

Yes, ICICI Bank allows part-prepayment or foreclosure as per the bank’s terms. Charges may apply.

Q: Where can I find the official calculator?

Visit the official ICICI EMI Calculator here:
ICICI Personal Loan EMI Calculator