ICICI Bank Personal Loan EMI Calculator
Calculate your monthly EMI for ICICI Bank personal loans at 10.65%-16% interest for amounts up to ₹50,00,000.
₹
₹50,000₹50,00,000
%
10.7%16.0%
12 Mo60 Mo
Monthly EMI
₹9,289
Total Interest
₹22,938
Total Payment
₹2,22,938
Monthly EMI
₹9,289
Principal Amount
₹2,00,000 (89.7%)
Total Interest
₹22,938 (10.3%)
Amortization Schedule
| Year | Principal | Interest | Total Paid | Balance |
|---|---|---|---|---|
| Year 1 | ₹94,701 | ₹16,767 | ₹1,11,468 | ₹1,05,299 |
| Year 2 | ₹1,05,294 | ₹6,174 | ₹1,11,468 | ₹5 |
ICICI Bank Personal Loan at a Glance
Interest Rate
10.65%
to 16%
Max Amount
₹50,00,000
min ₹50,000
Min CIBIL
700
minimum score
Tenure
Up to 60 mo
min 12 months
ICICI Bank Loan Details
| Interest Rate | 10.65% — 16% p.a. |
| Loan Amount | ₹50,000 to ₹50,00,000 |
| Tenure | 12 to 60 months |
| Processing Fee | Up to 2.25% |
| Prepayment Charges | Nil after 12 months |
| Min CIBIL Score | 700+ |
| Min Monthly Salary | ₹25,000 |
| Age Requirement | 23 to 58 years |
| Employment Types | Salaried, Self-employed |
| Disbursal Time | 24-48 hours |
EMI Example: ₹2,00,000 at 10.65%
Loan Amount: ₹2,00,000
Interest Rate: 10.65% p.a. (best rate)
Tenure: 24 months
Monthly EMI: ₹9,289
Total Interest: ₹22,936
Total Payment: ₹2,22,936
Pros
- +Instant approval for existing customers
- +iMobile app makes it seamless
- +Competitive rates
- +High loan amount up to ₹50L
- +Good for self-employed professionals
Cons
- -700+ CIBIL required
- -Higher processing fee
- -Limited offers for first-time borrowers
ICICI Bank EMI Calculator — FAQs
What is the EMI for a ICICI Bank personal loan?
For a ₹2,00,000 loan at 10.65% interest for 24 months, the EMI would be approximately ₹9,289 per month. Total interest payable would be ₹22,936. Use the calculator above to try different amounts and tenures.
What interest rate does ICICI Bank charge on personal loans?
ICICI Bank charges personal loan interest rates starting from 10.65% p.a. going up to 16% p.a. The actual rate depends on your credit score, income, employment type, and existing obligations. A CIBIL score of 750+ typically gets you rates closer to the lower end.
What is the minimum CIBIL score for a ICICI Bank personal loan?
The minimum CIBIL score required for a ICICI Bank personal loan is 700. A higher score (750+) will help you get a lower interest rate and better terms.
Can I prepay my ICICI Bank personal loan early?
ICICI Bank's prepayment policy: Nil after 12 months. Prepaying your loan reduces the outstanding principal and can save you significant interest over the remaining tenure. Use the calculator to see how much you can save.
How fast does ICICI Bank disburse personal loans?
ICICI Bank typically disburses personal loans within 24-48 hours. Disbursal time depends on document verification, KYC completion, and your profile. Existing ICICI Bank customers may get faster disbursal through pre-approved offers.
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Calculate EMI →Compare ICICI Bank with 14 other lenders — automatically
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