ICICI Personal Loan EMI Calculator

EMI Calculator 2018 2404 views

EMI Calculator for Personal Loan
Loan Amount (₹)
Interest Rate (%)
Tenure(year)
Results
Loan Amount
Interest Rate
Tenure(Months)
Monthly Instalment (EMI)
Total Interest Amount
Total Amount (Principal + Interest)
Year Principal Interest Balance Amount

An EMI calculator is one such magical tool which is used to calculate the Equated Monthly Installment (EMI). Talking about an EMI, it is a fixed payment amount that a person is liable to pay to the lender every month. Equated monthly installments are used to pay off both the sum of the interest and principal each month. An ICICI personal loan EMI calculator takes into account the below credentials:

  • Loan Amount
  • Tenure
  • Rate of Interest

On the basis of these details, the calculator will give you the result of EMI, total interest outgo and total amount. It is easy to understand the exact calculation with the help of graphical representation available online.

Below is a table showing ICICI personal loan interest rate & tenure wise per lakh EMI calculation

Tenure (in years)Interest Rate (in p.a.)Per Lakh EMI (in ₹)
110.99%-18.49%8,838-9,191
210.99%-18.49%4,660-5,016
310.99%-18.49% 3,273-3,640
410.99%-18.49%2,584-2,963
510.99%-18.49%2,174-2,566

Personal Loan EMI Calculator

To make you understand the concept of personal loan EMI calculator online here is an example. A person is looking for a personal loan for ₹5 lakhs and has chosen the repayment period of 5 years, ICICI bank offered him the loan amount at an interest of 10.99% per annum. Now, the below table showing how much is this person going to pay to the bank in the form of EMI and the total interest outgo for the loan amount he has taken.

Table Showing EMI, Interest Outgo, and Total Repayment Amount

Loan Amount Interest Rate Tenure Monthly Instalment Total Interest Amount Total Amount

EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

Year Principal Interest Balance Amount

ICICI Personal Loan Status

Knowing your personal loan status is not a hassle anymore as all you need is an ICICI account. Yes, by simply login to your account enter the details such as application number and few personal details and then click on track my application in order to know the real-time status. It is quick and easy to know your actual loan status online in a just few seconds.

ICICI Personal Loan Interest Rate

When it comes to availing a personal loan, there is no denying the fact that interest rate is one of the most vital factors that one should consider. Currently, the lender is offering the personal credit facility at an interest rate of 10.99%-18.49% per annum, which is also the lowest rate in the market. The rates are attractive which also helps in lowering your EMI and Interest burden in the future.

Here are the parameters on the basis of which the personal loan EMI is calculated.

Parameters on which Personal Loan EMI is calculated

Here are the parameters based on which personal loan EMI is calculated:

Loan Amount: The first and most important thing to know when it comes to calculating EMIs is the loan amount. EMI is directly dependent on the loan amount which varies from applicant to another on the basis of the personal loan eligibility. For a better financial planning, the EMIs should not exceed more than 50% of the savings.

Interest Rate: Be it any loan, the interest rate that a person will be offered on the money borrowed. The rate offered to you at the time of application is the annual interest rate but the EMI is calculated on the basis of the monthly interest rate. Thus, the calculator will divide the annual interest rate by 12 and then do the calculations.

Tenure: The longer the tenure, the easier it is for the debtor to repay the fund. At ICICI Bank, the tenure is up to 5 years which gives you the option to choose the tenure within the range.

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Personal Loan Interest Rates February 2018
Bajaj Finserv 10.99% - 16.00%
Fullerton India 14.00% - 33.00%
HDFC Bank 10.99% - 20.75%
ICICI Bank 10.99% - 18.40%
IndusInd Bank 12.99% - 20.00%
Kotak Bank 10.99% - 17.99%
RBL 14.00% - 18.00%
Standard Chartered Bank 10.99% - 14.49%
Tata Capital 11.49% - 18.00%
Home Loan Interest Rates February 2018
State Bank of India/SBI 8.30% - 8.60%
HDFC 8.35% - 8.95%
Bank of Baroda 8.30% - 9.30%
LIC Housing 8.35% - 8.70%
PNB Housing Finance 8.35% - 8.70%
ICICI Bank 8.35% - 8.85%
Axis Bank 8.35% - 8.75%
Citibank 8.40% - 9.25%
Indiabulls Housing Finance Limited 8.35% - 11.25%
Kotak Bank 8.35% - 8.50%
EMI Calculator