ICICI Bank EMI Calculator | Eligibility & Required Documents For ICICI Bank Loan

Check your ICICI Equated Monthly Installments using the ICICI EMI Calculator. The details regarding How to use the ICICI personal loan EMI calculator, ICICI car loan calculator, ICICI home loan calculator are given in the below sections of this page. So, to gain good knowledge about ICICI EMI Calculation read this article completely. Along with ICICI EMI Calculator, we have also given the ICICI loan interest rates and Eligibility to apply for ICICI personal loan and home loan.

ICICI EMI Calculator

ICICI stands for Industrial Credit and Investment Corporation of India Bank. At present everyone is choosing the EMI to buy a house or car and even for the personal loan. Hence, every bank offering different loan schemes at low EMI’s. In the same way, the ICICI bank provides the attractive loan schemes. The ICICI EMI calculator is same for all types of loans such as personal loan, home loan, car loan. But there may be little changes in the interest rates. So, we have clearly explained about the EMI calculator ICICI.

What is EMI Calculator?

 Before you learn about EMI calculator, you should also know about What is EMI. The EMI is the amount which is paid every month by the borrower to lender till the total loan amount is repaid completely. Equated monthly installments are calculated based on the interest rates and the total loan amount. Hence, to do this all calculations we use the EMI calculator. Therefore, to calculate the total monthly payment the EMI calculator is mandatory. So, scroll down this page and check the EMI calculation process along with the formula to calculate EMI.

Types Of ICICI Loan

  • ICICI Personal Loan.
  • ICICI bank Home Loan.
  • Car Loan in ICICI.

The above given are the different types of ICICI bank loans. So, we have given the details about the ICICI bank loans in the below sections of this page.

ICICI Personal Loan EMI Calculator

The ICICI personal loan is a multi-purpose loan which is given for every individual who satisfies the eligibility. If you decided to take the personal loan in ICICI you need the best calculator to calculate the EMI. So, the ICICI bank provided the Personal loan EMI calculator on the official site. You can find the steps how to use the ICICI personal loan EMI calculator. Therefore, it will be easy for you to predict the EMI you have to pay per each month. The money you get from the ICICI personal loan can be used for the education, marriage, working capital, holidays, house renovations etc. The following are the types of  Personal loan ICICI bank.

  • Home Renovations.
  • Wedding loans.
  • Holiday loan.
  • Topup Loan.
  • NRI Personal loan.

ICICI Bank Personal Loan Benefits

  • Fixed rate of Interest.
  • Multi-purpose loans.
  • ICICI personal loan tenures are flexible.
  • No security needed for the Personal loan in ICICI.
  • You can repay the ICICI loan amount using the Auto-debit and ECS.
  • Convenient and Fast.
  • The Personal loans in ICICI are sanctioned within 72 hours after you submit the documents.
  • Quick Processing.
  • ICICI Personal loan prepayment is possible at any time.

Service Charges & Processing Fees For ICICI Personal Loan

  • ICICI Personal loan processing charge is up to 2.25% per year of the total loan amount + service tax.
  • Prepayment charge for the personal loan in ICICI is 5% of the Principle amount + service tax.
  • Additional charges on the late Payment of ICICI personal loan is 24% per year.

ICICI Bank Personal Loan Interest Rates

New ICICI Personal loan interest rate given below will be effective from the 16th Feb 2017.

Personal Loan interest rates in ICICI bank are 11.59% to 22.00% per annum.

ICICI Personal Loan Eligibility

Criteria Salaried  Self Employed
ICICI Personal Loan Age Limit 23-58 years 28 years (individuals),

25 years (Doctors).

Maximum 65 years.

Net salary/ Income (Per month) / Tenure  Rs. 17,500 Rs. 40 lakh (non-professionals); Rs. 15 lakh (professionals)
Total Experience in Years 2 years Atleat 5 Years
Current Residence in Years 1 year

Documents For ICICI Personal Loan

 The following are the list of documents required for the ICICI Personal loan.

ICICI Personal Loan Documents – Salaried.
  • Identity Proof.
  • Residence Proof.
  • Bank statement of last 3 months.
  • Lat 3 months salary Slip.
  • 2 passport size photos.
Personal Loan Documents ICICI – Self- employed.
  • Office address proof.
  • Proof of residence or office ownership.
  • Proof of continuity of business.
  • KYC Documents.
  • Proof of Identity.
  • DOB proof.
  • Resident Proof.
  • Income proof (audited financials for the last two years).
  • Latest 6 months Bank statement.

Personal Loan EMI Calculator ICICI – How to use

  • Click on the below link or Click here: https://www.icicibank.com/calculators/personal-loan-emi-calculator.html.
  • Enter the ICICI bank Loan Amount, tenure, ICICI interest rates.
  • Carefully, recheck the values.
  • You can also use the scroller to select the loan amount, tenure and interest rates.
  • Finally, you will get a graphical representation of the month vs Balance.
  • Along with that Monthly EMI and the total interest payable.
ICICI Personal Loan EMI Calculator

ICICI Bank Home Loan EMI Calculator

Do you want a buy a New own house without your investment from the savings? First of all, use the ICICI home loan EMI calculator and enter the loan amount you want and check the ICICI home loan EMI. The ICICI home loan calculator will give you the fast and accurate values. So, we have given the steps to use the Home loan EMI calculator ICICI below. To apply for home loan in ICICI you need some documents, you can find those ICICI home loan documents list below. If you want to check the ICICI home loan eligibility use the home loan eligibility calculator ICICI bank on the official site.

What is ICICI Home Loan EMI?

As per, the amortization table the borrower has to pay the loan amount to the bank in EMI’s. This ICICI home loan payment method is known as ICICI home loan EMI. You can calculate the EMI’s using the ICICI EMI Calculator for Home loan. The ICICI home loan amortization table consists of following parameters.

  • Home loan amount contributed towards the principle repayment.
  • Loan amount contributed towards principle repayment.
  • Contribution towards the interest payment.

ICICI Home Loan Benefits

  • Attractive Interest Rates for Home Loan.
  • ICICI Home loan Documentation is Simple.
  • Loan approval is done in less time.
  • Loan tenure is up to 25 years.
  • Accident Insurances are free.
  • No additional charges on Prepayment of the loan amount.

ICICI Housing loan Processing Fee

The Processing Fee for Home loan EMI in ICICI bank is 0.50% of the total loan amount. This processing fee is low when compared to other banks.

ICICI Bank Home Loan Interest Rates (Jan 3, 2017)

Interest Rate For Women (Fixed) 8.70% – 8.90%
Interest Rate For Women (Floating) 8.65% – 8.80%
Salaried & Self Employed (Floating) 8.70% – 8.85%
Weaker Sections (Floating) 8.65%
Others ( Fixed) 8.70%, 8.75% – 8.95%

The ICICI Home loan interest rates are both floating and fixed. So, based on your convenience you can choose the best ICICI interest rate.

 ICICI Home Loan Eligibility

The ICICI bank home loan eligibility calculator is available on the official site. So, we have given the steps to check the Eligibility for ICICI home loan.

  • Click here https://loans.icicibank.com/home-loan.html?
  • Now, Home loan eligibility calculator ICICI will open.
  • Enter the required details in the space provided.
  • At last Click on ” Get Quote now”.

ICICI Home loan Documents – Salaried

  • Form 16.
  • Last 6 months bank statements.
  • Processing fee cheque.
  • Application form.
  • Identity & residence proof.
  •  Salary slip.

Documents Required for ICICI Home loan – Self Employed

  • Last 6 months bank statements.
  • Processing fee cheque.
  •  Application form.
  • Identity & residence proof.
  • Proof of business existence.
  • Profile of the Business.
  • Last 3 years ITR.

How to use Home Loan EMI Calculator ICICI

  • Click on the link provided below.
  • Enter the loan amount, interest rate, and tenure carefully.
  • Click on Calculate.
  • Finally, the result showing monthly EMI will be displayed along with total interest and total payment.
ICICI Home Loan EMI Calculator

ICICI Car Loan EMI Calculator

Having a 4 wheeler in the present generation is quite common. You can buy your favourite car by taking ICICI Car loan in Installment basis i.e, EMI. For that, the ICICI EMI Calculator for the car loan is needed. So, we have clearly given the ICICI car loan details. The ICICI car loan interest rates are fixed during the loan tenure. Therefore, ICICI is the best to offer Car loans EMI.

ICICI Car Loan Interest Rates

Car Loan Tenure ICICI  23 Months 24-35 Months 36-84 Months
Type of loan
ICICI New Car loan Interest Rate 12.75% 12.75% 10.75%
ICICI Used Car  loan Interest Rate 15.50%

ICICI Car Loan Eligibility

Category Salaried Self Employed
Age  25-58 years 28-65 years
Income Atleast Rs. 2.50 lakhs Atleast Rs. 2 lakhs

You will find the ICICI car loan eligibility calculator on the Official site. Otherwise, you can refer the car loan Eligibility from the above table.

ICICI Car Loan Documents

Required Documents For ICICI Car loan – Salaried
  • Latest Salary Slip of 2 years.
  • Form 16.
  • Income tax returns.
  • Photographs.
  • Identity proof.
  • Address Proof.
  • Age proof.
  • Bank statement.
Car loan documents ICICI – Self Employed
  • Income Tax Returns of last 2 financial years.
  • Photograph.
  • Age proof.
  • Address Proof.
  • Bank Statements.
  • Identity Proof.

How To Use ICICI EMI Calculator For Car Loan

  • Click on the below link for ICICI EMI Calculator or Click here: https://infinity.icicibank.co.in/calculator/car-loan-emi-calculator.jsp?
  • Now, car loan calculator is opened.
  • Enter the ICICI Car loan amount, Interest rate, & tenure.
  • Then, automatically the ICICI car monthly EMI amount in the graph format is obtained.
  • After calculating ICICI Car loan EMI you can click on “Apply now” on the same page.
ICICI Car Loan EMI Calculator
Updated: March 8, 2017 — 7:51 am

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