ICICI Bank Two Wheeler Loan EMI Calculator

EMI stands for Equated Monthly Instalments which are the easiest and convenient way of repaying loans. This system divides your entire repayment amount (which is the loan amount + interest rate + other charges) in a loan tenure which is the number of months you can pay your loan back. For e.g., if your loan tenure is 12 months you can repay the entire amount in that period and hence your repayment will be divided into 12 small portions, majorly equal in number.

EMI calculator is an online feature present on the ICICI official website which lets you know about the current interest rates that are applicable and calculates an estimate EMI rate for you. On the website, when you click on the ‘EMI Calculator’ option you will be redirected to a page which has a calculator with a fixed loan amount and interest rate. The loan tenure is also pre-defined. Here, you can adjust the loan amount and find your estimated EMI rate immediately. This amount is displayed on the right bottom corner of the calculator.

ICICI Bank two wheeler loan EMI calculator gives an approximate estimate of the EMI rate that you might get, your actual EMI will depend on your documentation and your CIBIL score. You should not take the calculator as a final word and consult the bank executive for an assessment.

• Affordable EMIs: With easy tenures and low interest rates, ICICI bank gives you very affordable monthly EMIs. These EMIs do not interfere with your daily budget and are easy to accommodate every month.
• Easy to Apply: These two wheeler loans have really simple application procedures. The paperwork involved is also very less. With all the information available on the bank’s website, you don’t need to wait in queues to know if you are eligible for getting the loan you need.
• Online information: With the surge of technology, all the needed information is available on the bank’s website. Everything from documents required to the documents required for various types of loans is available online. With all this information it gets very easy for the customer to figure out what loan they want to apply to.
• Repay the way you want: ICICI bank provides various repayment options. Now you can schedule your premiums with your bank account and not worry about missing any premium dates. You don’t have to be specific if the bank requires paying the premium with a cheque or DD; it gets deducted from your bank account itself making it very simple for you.

• Application form
• Photographs
• Identity proof

1. Aadhar card
2. PAN card
3. Valid passport
4. Original Voter’s ID card
5. Original driving license
6. Corporate ID proof
7. Authentic ration card

• Address proof

1. Original passport
2. Legal voter ID
3. Rental agreement
4. Original Telephone bill
5. Original electricity bill
6. Original driving license
7. Gas Connection bill
8. Ration card
9. Property Purchase Agreement
10. Credit card billing
11. Original LIC policy Legal address proof from the company (if accommodation or residence provided)

• Age proof
• Signature verification
• Latest salary slip for salaried customers
• Income tax returns for 2 previous years for self-employed customers
• Business stability proof for self-employed customers
• Employment stability proof for salaried customers