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ICICI Bank EMI Calculator

You are Eligible for EMI Amount
₹56,409
Principal Amount
₹6,500,000
Interest Amount
₹7,038,042
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8,000,000₹
8.5 p.a
20 years

You are Eligible for EMI Amount

0
Principal Amount
0
Interest Amount
7,038,042
Why Suganta for Home Loan?
  • Offers from 34+ Banks
  • Lowest Interest Rate
  • Highest Loan Value

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    ICICI Bank Home Loan EMI Calculator - SuGanta

    ICICI Bank Home Loan EMI Calculator is a reliable and user-friendly tool that helps home buyers estimate their monthly EMI with accuracy. By entering the loan amount, interest rate, and tenure, users get instant results to plan their finances effectively. This free EMI calculator allows borrowers to explore multiple repayment scenarios, making it easier to choose a loan plan that fits their budget. Whether you're buying your first home or investing in property, this tool supports smart, transparent, and well-informed home loan decisions.

    Key Features of the ICICI Bank Home Loan EMI Calculator

    1. User-Friendly Interface: Designed with simplicity in mind, the EMI calculator is easy to use for both first-time homebuyers and experienced borrowers. Navigate effortlessly and get instant results without any technical knowledge.
    2. Instant EMI Calculations: Get quick and accurate EMI estimates as soon as you input the loan amount, interest rate, and tenure. This helps you save time and make faster, informed home loan decisions.
    3. Customizable Loan Inputs: Easily adjust the ICICI Bank home loan amount, interest rate, and repayment tenure to compare different loan scenarios. This feature helps you choose the best loan structure as per your budget and repayment capacity.
    4. Detailed EMI Breakdown: It offers a detailed breakdown of principal and interest components over the loan tenure, enhancing understanding of the repayment structure.
    5. Informed Decision-Making: The calculator provides a clear view of the principal and interest components of your EMI throughout the loan tenure. Understand your monthly outflow and how much you pay over the loan period.

    How to Calculate Home Loan EMI Online in 2025

    Calculating your ICICI Bank Home Loan EMI is now simpler than ever with the SuGanta.com EMI Calculator. In just a few clicks, you can estimate your monthly installments and plan your finances smartly.

    To get started, enter the loan amount, interest rate, and loan tenure—the calculator will instantly show you an accurate breakdown of your monthly EMI, total interest payable, and overall loan cost.

    This powerful tool is ideal for homebuyers who want to compare different loan plans, evaluate affordability, and avoid surprises during the repayment process. Whether you're applying for a new home loan in 2025 or considering a balance transfer, SuGanta.com's EMI Calculator is your go-to solution for stress-free loan planning.

    Start using the free home loan EMI calculator at SuGanta.com today to make better financial decisions and move one step closer to your dream home.

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    Home Loan EMI Calculation Formula

    The EMI (Equated Monthly Installment) is calculated using the formula:

    EMI = [P x R x (1+R)^N] / [(1+R)^N – 1]

    Where:

    • P = Principal loan amount
    • R = Monthly interest rate = Annual interest rate ÷ 12 ÷ 100
    • N = Loan tenure in months

    Example:

    For a ₹40 lakh loan at 8.75% interest for 20 years (240 months):

    • P = 40,00,000
    • R = 8.75 / 12 / 100 = 0.006875
    • N = 240

    Plugging into the formula gives the EMI ≈ ₹35348

    Features of ICICI Bank Home Loans

    • Loan Amount: Up to ₹5 crore.
    • Tenure: Flexible repayment options up to 30 years.​
    • Processing Fee: 0.50% of the loan amount, plus applicable taxes.​
    • Interest Rate Options: Choose between fixed and floating rates​

    Home Loan Amortization Schedule for ICICI Bank

    Here's a Home Loan Amortization Schedule for ICICI Bank with a loan tenure of 10 years (120 months). For this example, let's assume:

    • Loan Amount: ₹20,00,000
    • Interest Rate: 9.00% per annum
    • Tenure: 10 years (120 months)​
    • Monthly EMI: ₹25,334 (approx.) ​
    Month Opening Balance EMI (₹) Principal (₹) Interest (₹) Closing Balance
    1 ₹20,00,000 ₹25,334 ₹10,834 ₹14,500 ₹19,89,166
    2 ₹19,89,166 ₹25,334 ₹10,915 ₹14,419 ₹19,78,251
    3 ₹19,78,251 ₹25,334 ₹10,997 ₹14,337 ₹19,67,254
    4 ₹19,67,254 ₹25,334 ₹11,079 ₹14,255 ₹19,56,175
    5 ₹19,56,175 ₹25,334 ₹11,161 ₹14,173 ₹19,45,014
    6 ₹19,45,014 ₹25,334 ₹11,244 ₹14,090 ₹19,33,770
    7 ₹19,33,770 ₹25,334 ₹11,327 ₹14,007 ₹19,22,443
    8 ₹19,22,443 ₹25,334 ₹11,410 ₹13,924 ₹19,11,033
    9 ₹19,11,033 ₹25,334 ₹11,494 ₹13,840 ₹18,99,539
    10 ₹18,99,539 ₹25,334 ₹11,578 ₹13,756 ₹18,87,961
    11 ₹18,87,961 ₹25,334 ₹11,662 ₹13,672 ₹18,76,299
    12 ₹18,76,299 ₹25,334 ₹11,747 ₹13,587 ₹18,64,552
     

    Frequently Asked Questions

    +
    The ICICI Bank Home Loan EMI Calculator is a user-friendly tool that helps borrowers estimate their monthly Equated Monthly Installment (EMI) for a home loan. Users can determine their monthly repayment schedule by entering the loan amount, tenure, and interest rate, making financial planning easier and more efficient.
    +
    To use the calculator, follow these steps: Enter the loan amount you wish to borrow. Select the loan tenure (in months or years). Input the applicable interest rate. The calculator will instantly display the EMI amount along with a detailed amortization schedule.
    +
    You need three primary details: Loan Amount: The total amount you plan to borrow. Loan Tenure: The period over which you intend to repay the loan. Interest Rate: The applicable interest rate on the home loan.
    +
    In most cases, the EMI remains fixed if you choose a fixed interest rate. However, for a floating interest rate, the EMI may fluctuate depending on changes in the market rates.
    +
    The EMI depends on: Loan amount: Higher loan amounts lead to higher EMIs. Interest rate: Higher rates increase the EMI. Loan tenure: A longer tenure reduces the EMI but increases overall interest.
    +
    Yes, ICICI Bank allows partial or full prepayment of home loans. Prepayment reduces the outstanding principal, which in turn reduces either the EMI amount or the loan tenure, depending on your choice.
    +
    The calculator provides accurate EMI estimates, helping you plan your finances better. It saves time, eliminates manual errors, and allows you to compare different loan options.

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