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Personal Loan EMI Calculator


Use our Personal Loan Calculator to get insights on your loan plan! Just select an amount ranging from Rs 50,000 to Rs 50,00,000, set an approximate interest rate and loan tenure between 12 and 72 months. The Personal Loan EMI calculator will estimate the monthly EMI amount and total Interest payable till the end of the loan tenure.

 

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How to Use ICICI Bank Personal Loan EMI Calculator

Here's a step-by-step guide to using the Personal Loan Calculator:

 

  • Enter loan details: Enter your desired loan amount, interest rate and loan tenure in the designated fields.
 
  • Calculate EMI instantly: Once you enter the details, your EMI will be calculated instantly by the online personal loan calculator.
 
  • Explore customisation: Customize your repayment plans by entering the loan amount ranging from Rs 50,000 to Rs 50 lakhs and selecting a term between 1 year to 6 years.
 
  • Change EMI amount: To lower your monthly payments, adjust sliders for less loan, lower interest or longer tenure. For higher EMI payments, consider a higher loan amount or shorter tenure.

 

Personal Loan EMI Calculator FAQs

What is an EMI?

EMI (Equated Monthly Instalment) is a fixed amount that you pay every month towards repaying your loan. This amount includes both the principal and interest components of your loan.

What is the role of the Personal Loan EMI Calculator?

The Personal Loan EMI Calculator is an online tool that can help you get an estimate of the EMI payments of your Personal Loan. 

​​​​​How to calculate the EMI of a Personal Loan?

To calculate the EMI of a Personal Loan, simply enter your desired loan amount, tenure and estimated interest rate. The Personal Loan EMI Calculator will show the EMI you will be expected to pay every month.  

Why should I use a Personal Loan EMI Calculator? 
  • Provides precise EMI calculations
  • Simplifies financial planning and helps you manage your finances effectively 
  • Enables you to compare different loan options.

What factors can influence my Personal Loan EMI? 

Your Personal Loan EMI is influenced by the below factors:

  • Loan Amount.
  • Interest Rate.
  • Tenure. 

How many years will it take to repay a Personal Loan of ₹ 2 lakh?

The repayment period (tenure) of a Personal Loan of ₹ 2 lakh will vary as per the interest rate. Calculate your actual loan period (tenure) by entering all the details of your Personal Loan into the Personal Loan EMI calculator. 

What is the EMI of a ₹ 9 lakh Personal Loan? 

The EMI of a ₹ 9 lakh Personal Loan varies according to the chosen tenure and interest rate. A better CIBIL score can make it easier for you to secure an attractive interest rate that might reduce your EMI amount. 

What is a Personal Loan Calculator used for?

A Personal Loan Calculator can be used to: 

  • Estimate your monthly loan repayments, i.e. EMIs 
  • Save time spent in comparing the effects of different interest rates and tenures on your EMI 
  • Give information about total loan amounts, interest rates and payback approaches 
  • Calculate your EMI quickly, without manual effort.

What are the advantages of ICICI Bank Personal Loans?

Here are the key advantages of ICICI Bank Personal Loans:   

  • Wide range of loan amounts and tenures: Apply for a Personal Loan for any amount between ₹ 50,000 to ₹ 50,00,000 and select a tenure (i.e. repayment period) between 12 months and 72 months. 
  • Quick online application through the ICICI Bank website or the iMobile app, with minimal documents. 
  • After approval, the sanctioned amount is deposited directly into your Savings Account so that you can use the funds quickly, as required. 
  • Get options to prepay your Loan without extra charges and thus, manage your repayment as per your convenience. 
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