ICICI Bank Personal Loan EMI Calculator
Calculate monthly instalment for ICICI Bank personal loans with digital pre-approved sanctions starting from 10.65% p.a.
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Official Rate Formula & Benchmark:
ICICI Bank personal loans feature reducing balance interest calculation starting at 10.65% p.a. with digital paperless approval.
Current official starting rate: 10.65% p.a. (Range: 10.65% – 16.00% p.a.).
ICICI Bank Personal Loan EMI Calculator
Interactive calculation engine using official ICICI Bank rates
Official ICICI Bank Rate (10.65%)
₹5,00,000
₹1.00 L₹2.00 Cr
%
5.00%Published range: 10.65% - 16%20.00%
4 Years(48 mo)
1 Yr30 Yrs
Monthly EMI
₹12,838
For 4 years at 10.65% p.a. reducing balance
Principal Loan Amount₹5,00,000
Total Interest Payable₹1,16,220
Total Amount Payable₹6,16,220
Principal (81.1%)Interest (18.9%)
Calculated according to standard Indian banking methodology (Quarterly compounding for deposits, monthly reducing balance for loans).
Yearly Repayment Schedule
| Year | Principal Paid | Interest Paid | Total Paid | Balance |
|---|---|---|---|---|
| Year 1 | ₹1,05,875 | ₹48,181 | ₹1,54,056 | ₹3,94,125 |
| Year 2 | ₹1,17,718 | ₹36,338 | ₹1,54,056 | ₹2,76,407 |
| Year 3 | ₹1,30,885 | ₹23,171 | ₹1,54,056 | ₹1,45,522 |
| Year 4 | ₹1,45,522 | ₹8,531 | ₹1,54,052 | ₹0 |
Rate Verification & Official Notice
Verified Official Published RateLast verified:
Rate Methodology →Headline / Starting Rate
10.65% p.a.
Effective Rate Range
10.65% – 16.00% p.a.
fixed RateBenchmark Index
RBI Repo Linked / Card Rate
Applicable Conditions & Eligibility Factors:
- Digital instant sanction for pre-approved customers
- Tenures up to 60 months
Source: ICICI Bank Personal Loan Schedule
Rates subject to borrower risk-grade & RBI regulatory changes.How It Works
- 1Reducing monthly balance tied to MCLR/EBLR.
- 2Zero physical documentation for pre-approved customers.
Key Factors Influencing Your Rate
- •Corporate tie-up tier
- •Credit bureau score
Worked Numerical Example: ICICI Bank Personal Loan EMI Calculator
Principal₹5,00,000
Rate Applied10.65% p.a.
Tenure4 Years
Monthly EMI₹12,838
For a ₹5,00,000 loan at 10.65% p.a. for 4 years (48 months), your monthly EMI is ₹12,838, with total interest of ₹1,16,220.
Frequently Asked Questions: ICICI Bank Personal Loan EMI Calculator
- Maximum loan amount?
- Up to ₹50,00,000.
- Prepayment terms?
- Permitted after 12 EMIs with applicable charges.