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How to use the ICICI Bank Personal Loan EMI Calculator
Loan Amount – Just Use the cursor to size Personal Loans choose what you want to borrow. For Example: Rs. 5,00,000.
Interest Rate - Personal Loan APR Interest Rate offered by ICICI Bank is start from 11.49% to 20%. You can change this value to calculate Personal Loan EMI. The EMI Calculator will automatically calculate the EMI that would be applicable for a ICICI Bank Personal Loan
No. of Months – Just Use the cursor to select the tenure month between 6 to 60 months of your Personal loan and calculate your monthly EMI. The monthly paying EMI amount decreases as the tenure of the Personal Loan increases, the EMI Calculator will calculate the fluctuating for various tenures in months
What is Personal Loan EMI Calculator - ICICI Bank
“Equated Monthly Installment” is the short form EMI or The amount payable per month if you want to make a personal loan of a certain amount for a certain period. The calculation of EMI depends on three factors:
Amount – The total amount of the loan that you received from bank
APR Interest Rate – The interest rate that the ICICI bank will charge for the Personal Loan
Tenure – The period for which you take the Personal Loan between 1 to 5 years