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ICICI Bank Home Loan EMI Calculator

Calculate your ICICI Home Loan EMI by using ICICI Home Loan Calculator

Your Home Loan EMI

₹ 402,311

Total Interest Amount

₹ 94,832,071

Principal Amount

₹ 5,00,00,000

Total Payable Amount

₹ 1

Loan Amount

Interest Rate

- +

Tenure

- +

Calculate Now

You can also make instant comparisons between loan offers from multiple Home Loan providers on Bajaj Markets.

Calculate your ICICI Bank Home Loan EMI by using the ICICI Bank Home Loan EMI calculator. By entering the loan amount, interest rate, and tenure, you can check whether the repayment fits your financial goals. Since a home loan is a long-term commitment, optimising it in advance is essential.

You can also make instant comparisons between loan offers from multiple Home Loan providers on Bajaj Markets. Furthermore, you can gain deeper insights into your loan instalments with the free amortisation schedule, which is provided with each calculation.

How to Use the ICICI Home Loan EMI Calculator

The ICICI Bank Home Loan EMI calculator is easy to use and requires minimal effort. In fact, you only need to know the key loan terms, and you can get started. To use the calculator, follow the steps outlined below:

Enter your desired home loan amount
Select the interest rate
Choose the preferred tenure for the home loan

Once you enter these values, the EMI amount will instantly be displayed on the screen. You can even change the variables as many times as you want to arrive at terms that are most comfortable to you.

How the ICICI Bank Home Loan EMI is Calculated

The ICICI Bank Home Loan EMI calculator is an efficient tool that provides instant estimates of your monthly instalments based on a few basic inputs.

By entering the loan amount, interest rate, and tenure, you can view the precise EMI, along with the total repayment amount and interest payable. The calculator applies a standardised mathematical formula to ensure accuracy in results:

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

Where:

P = Principal loan amount
N = Loan tenure in months
R = Monthly Interest Rate (Annual ÷ 12 ÷ 100)

For instance, if you take a home loan of ₹30 Lakhs at an interest rate of 9% p.a. for 15 years, your monthly EMI will be ₹30,427. Over the tenure, the total interest payable will be ₹24,77,039, making the total repayment amount ₹54,77,039 at maturity.

Benefits of Using the ICICI Bank Home Loan EMI Calculator

Instant Results

The user-friendly interface delivers calculations immediately, enabling you to evaluate multiple loan scenarios with ease.

Accurate Estimates

The calculator eliminates the risk of errors associated with manual computation, provided the correct details are entered.

Improved Financial Planning

By adjusting the loan amount, tenure, and interest rate, you can compare different options and plan your finances more effectively.

ICICI Home Loan EMI Amount Calculation Example at Different Tenures

While a longer tenure results in lower EMIs, it also increases the total interest outflow. To better understand the effect of tenure on your EMI, consider this home loan example. The loan amounts and repayment periods vary at an interest rate of 9% p.a.

Loan Amount	Interest Rate	10-year tenure (120 months)	15-year tenure (180 months)	20-year tenure (240 months)	30-year tenure (360 months)
₹20 Lakhs	9% p.a.	₹25,335	₹20,285	₹17,995	₹16,092
₹30 Lakhs	9% p.a.	₹38,003	₹30,428	₹26,992	₹24,139
₹50 Lakhs	9% p.a.	₹63,338	₹50,713	₹44,986	₹40,231
₹75 Lakhs	9% p.a.	₹95,007	₹76,070	₹67,479	₹60,347
₹1 Crore	9% p.a.	₹1,26,676	₹1,01,427	₹89,973	₹80,462

Disclaimer: The above EMIs are calculated with the calculator available on Bajaj Markets. Actual figures may vary depending on the loan terms.

ICICI Bank Home Loan Eligibility Criteria

Here is an overview of the eligibility requirements for an ICICI Bank home loan:

You need to be an Indian resident
A consistent credit record is necessary
Your age should be between 21 and 65 years

The specific conditions vary depending on your employment category:

For Salaried Individuals

You must earn a minimum monthly income of ₹25,000
You should have at least two years of professional experience

For Self-employed Individuals

Your monthly Profit After Tax (PAT) should be at least ₹30,000
Your business must have been operational for at least three years

Additionally, when submitting your application, you may be required to provide certain supporting documents.

Compare ICICI Bank Home Loan EMI With Other Lenders on Bajaj Markets

On Bajaj Markets, you can check and compare ICICI Bank Home Loan EMIs with other lenders based on their starting interest rates. For easy comparison, EMIs are calculated on a loan amount of ₹20 Lakhs with a tenure of 10 years.

This will help you identify the lender that offers the most affordable repayment option for your needs.

Lenders	Starting Interest Rate (Per Annum)	Loan Amount	Tenure	EMI Amount
Bajaj Housing Finance	7.35% p.a.	₹20 Lakhs	10 Years	₹23,584
Home First Finance Company	9.00% p.a.	₹20 Lakhs	10 Years	₹25,335
India Shelter	13.00% p.a.	₹20 Lakhs	10 Years	₹29,862
Kotak Mahindra Bank	9.00% p.a.	₹20 Lakhs	10 Years	₹25,335
L&T Finance	8.60% p.a.	₹20 Lakhs	10 Years	₹24,904
LIC Housing Finance	8.65% p.a.	₹20 Lakhs	10 Years	₹24,958
PNB Housing Finance	8.50% p.a.	₹20 Lakhs	10 Years	₹24,797
Sammaan Capital	8.75% p.a.	₹20 Lakhs	10 Years	₹25,065
Shubham Housing Finance	9.90% p.a.	₹20 Lakhs	10 Years	₹26,320
Vridhi Home Finance	12.00% p.a.	₹20 Lakhs	10 Years	₹28,694
South Indian Bank	9.50% p.a.	₹20 Lakhs	10 Years	₹25,880
Easy Home Finance	10.50% p.a.	₹20 Lakhs	10 Years	₹26,987

Disclaimer: The above-mentioned information is subject to change as per changes in the lenders’ policies.


ICICI Bank Home Loan Statement	ICICI Home Finance
ICICI Bank Loan Against Property	ICICI Bank Home Loan Customer Care
ICICI Bank Home Loan Balance Transfer	ICICI Bank Loan Against Property Balance Transfer

Other Partner EMI Calculator

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PNB Home Loan EMI Calculator	Truhome Finance Home Loan EMI Calculator

Frequently Asked Questions

ICICI Home Loan EMI Calculator

How does an ICICI Bank Home Loan EMI calculator help plan my home purchase?

The ICICI Bank Housing Loan EMI calculator gives you an estimate of your EMIs, which allows you to determine the loan amount and tenure you can manage without stretching your finances.

Can I reduce my ICICI Bank Home Loan EMI amount?

Yes, you can try several methods to reduce the EMI amount. One way is by opting for a longer loan repayment tenure. Another way is by improving your CIBIL score, which will give you the power to negotiate for lower interest rates.

What is the best way to calculate EMI for an ICICI Bank Home Loan?

The best way to calculate EMIs for a home loan is to use the ICICI Bank Home Loan EMI calculator. This easy-to-use tool requires minimal information and outputs instantaneous results.

What are the typical ICICI Bank Home Loan interest rates?

On Bajaj Markets, ICICI Bank Home Loan interest rates begin at 9% p.a., subject to eligibility and loan terms.

Do EMIs change if interest rates are floating?

Yes, EMIs vary under a floating interest rate. If market rates rise, your EMI increases, and if rates fall, your EMI decreases.

Does the ICICI Bank Home Loan EMI Calculator include processing fees?

No, the ICICI Bank Home Loan EMI calculator only calculates the EMI based on loan amount, tenure, and interest rate. Processing fees and other charges are not included.

Can I calculate the EMI for different home loan tenures using the ICICI Bank Home Loan calculator?

Yes, the ICICI Bank Home Loan EMI Calculator allows you to adjust the loan tenure and instantly view the EMI. This helps you compare repayment options and select a tenure suited to your budget.

Can I use the ICICI Bank Home Loan EMI calculator for top-up or balance transfer loans?

Yes, the calculator can also be used to estimate EMIs for top-up and balance transfer loans. By entering the loan amount, interest rate, and tenure, you can check the repayment amount instantly.

How does changing the interest rate affect my ICICI Bank Home Loan EMI?

An increase in the interest rate raises your EMI, while a decrease lowers it, making repayment more manageable.

Can I calculate the EMI for a pre-approved ICICI Bank Home Loan?

Yes, you can. Simply enter the loan amount, interest rate, and tenure from your pre-approval offer in the calculator to determine the exact EMI.

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ICICI Bank Home Loan EMI Calculator

₹ 94,832,071

₹ 5,00,00,000

₹ 1

How to Use the ICICI Home Loan EMI Calculator

How the ICICI Bank Home Loan EMI is Calculated