If you are unable to pay the medical bills, renovate your home, go on a vacation or purchase a phone you really like, you can avail ICICI Bank Personal Loan that is available upto Rs. 20 lakh. Offered to both salaried professionals and self- employed individuals, ICICI Bank Personal Loan can be used to deal with any personal situation that an individual may face in life.
ICICI Bank Personal Loan EMI Calculator
Paisabazaar’s Personal Loan EMI calculator is an online feature that allows you to calculate your possible EMIs you would be paying if you opt for a particular amount offered under ICICI Bank Personal Loan. The tool will help you plan out your EMIs and other expenses and will ensure that you don’t borrow more than you can repay. To use the EMI calculator all you need to do is to fill the desired:
- Loan amount
- Tenure
- Interest rate
The below table will give you an idea about how the personal loan EMI calculator works:
| Loan Amount | Rate of Interest | Loan Tenure | EMI |
| Rs. 2,12,000 | 11.5% | 14 months | Rs. 16,253 |
| Rs. 4,05,000 | 11.62% | 19 months | Rs. 23,440 |
| Rs. 5,14,000 | 11.75% | 22 months | Rs. 26,084 |
| Rs. 8,48,000 | 12% | 29 months | Rs. 33,830 |
| Rs. 11,22,000 | 12.12% | 34 months | Rs. 39,157 |
| Rs. 14,47,000 | 12.37% | 39 months | Rs. 45,250 |
| Rs. 18,59,000 | 12.5% | 44 months | Rs. 52,885 |
What are the Benefits of Using EMI Calculator?
- Saves you from tedious calculations: Personal loan EMI can be calculated manually as well but such calculations, when done for several banks, can be tedious. With an online EMI calculator, you can avoid the tedious calculations and get your results in just a few seconds
- Calculates your loan EMIs in just a few seconds: Personal loan EMI calculator is simple and easy to use. Another best thing about calculating your loan EMI through this online tool is that it gives you the required results in just a few seconds. To get the results in an instant, all you need to do is enter the required details
- Helps you assess your repayment capacity: Knowing your personal loan EMI beforehand is important in assessing which loan amount you can comfortably repay and at which personal loan interest rate. If a personal loan EMI is not falling within your budget, you can either increase the loan tenure or look for an offer with lower EMI or add a co-applicant. Thus, an EMI calculator helps you reach an amount which you can repay without straining your finances.
- Gives you the freedom to make as many searches as you want: With Paisabazaar’s EMI calculator, you get the freedom to calculate the results as many times you want. You can check different loan amount and compare the different EMIs to find the best personal loan scheme. Another best part about this online tool is that irrespective to the number of times you use the tool, you will not be charged anything. In other words, you can use the tool free of cost
Frequently Asked Questions
What is the minimum and maximum personal loan amount that I can avail from ICICI Bank?
The minimum personal loan amount is Rs. 50,000 and the maximum is Rs. 20 lakh.
What is the interest rate of ICICI Bank Personal Loan?
The interest rate of ICICI Bank Personal Loan starts from 11.50% and goes upto 19.25%.
What is the processing fee of ICICI Bank Personal Loan?
The processing fee is up to 2.25% per annum of Loan Amount plus GST.
How do I get in touch with ICICI Bank Personal Loan?