ICICI Home Loan EMI Calculator

ICICI Home Loan EMI Calculator

Estimate Your Monthly EMI for ICICI Bank Home Loans

The ICICI Home Loan EMI Calculator helps you calculate your monthly EMI (Equated Monthly Installment), total interest payable, and overall repayment amount for your home loan with ICICI Bank. Whether you’re buying a house, constructing a property, or transferring a balance from another lender, this tool provides accurate repayment details to help you plan your budget.

What Is an ICICI Home Loan?

An ICICI Home Loan is a secured loan offered by ICICI Bank for purchasing or constructing residential property. It offers flexible repayment terms, competitive interest rates, and customized solutions for salaried, self-employed, and NRI applicants.

Key Features

• Loan amount: ₹2 lakh to ₹10 crore (based on eligibility)
• Interest rate: Starting from 8.75% p.a. (floating)
• Tenure: Up to 30 years
• Processing fees: Up to 1% of the loan amount
• Prepayment charges: Nil for floating-rate loans (individual borrowers)

How the ICICI Home Loan EMI Calculator Works

Inputs Required

• Loan amount
• Interest rate (% p.a.)
• Loan tenure (in years or months)

Formula Used

EMI = [P × r × (1 + r)ⁿ] / [(1 + r)ⁿ – 1]

• P: Loan amount
• r: Monthly interest rate = Annual rate ÷ 12 ÷ 100
• n: Loan tenure in months

Output Provided

• Monthly EMI
• Total interest payable
• Total repayment (principal + interest)

Example

For a ₹50 lakh loan at 9% interest for 20 years (240 months):

• Monthly EMI: ₹44,986
• Total Interest: ₹57.96 lakh
• Total Repayment: ₹1.08 crore

(Figures are approximate and may vary based on actual bank terms.)

Benefits of Using the ICICI Home Loan EMI Calculator

• Instant EMI breakdown
• Easy comparison of tenures and interest rates
• Helps plan affordable loan amounts
• Reduces surprises in monthly budgeting

Disclaimer : The results given by the above calculator are for illustration purpose only. They are often based on a number of assumptions. The results given are in no way any guarantee of the returns that will be given. Investments in stock markets and securities markets are subject to market risks and other risks. There is no guarantee of the return that will be actually given. Investment in other financial products may also be subject to market risks and other risks. There is no guarantee of the returns that will be given by them. The calculator also does not make any recommendation directly or indirectly. Please consult a registered Financial Advisor before taking any investment decision.