ICICI Bank EMI Calculator
9.25% p.a.Current Rate
9.25% p.a.
Max Tenure
Up to 7 years
Processing Fee
Up to 2% of loan amount
Rates shown are indicative as of June 2025. Verify current rates with ICICI Bank Limited before applying.
ICICI Bank offers loans at 9.25% p.a. with instant online processing and same-day disbursal for eligible customers. Use this pre-filled calculator to see your exact monthly EMI and total interest before you apply.
- Principal
- Interest
- Principal
- $1,000,000.00
- Total interest
- $252,793.90
- Total paid
- $1,252,793.90
- Term
- 5 yr
Over the full term you pay 25% of the borrowed amount in interest. Your payments only start putting more toward principal than interest in month 1.
Amortization schedule
| Year | Payment | Interest | Principal | Balance |
|---|---|---|---|---|
| 1 | $250,558.78 | $85,623.76 | $164,935.02 | $835,064.98 |
| 2 | $250,558.78 | $69,703.55 | $180,855.23 | $654,209.76 |
| 3 | $250,558.78 | $52,246.66 | $198,312.12 | $455,897.63 |
| 4 | $250,558.78 | $33,104.75 | $217,454.03 | $238,443.60 |
| 5 | $250,558.78 | $12,115.18 | $238,443.60 | $0.00 |
Ways to optimize
Real what-if scenarios calculated from your numbers.
Scenarios use the exact same math as the calculator — no estimates.
Interest-to-principal rule — efficient loans keep total interest under 25% of the amount borrowed
Compare with other banks
Frequently asked questions
- What is the current ICICI Bank interest rate?
- ICICI Bank's indicative rate is 9.25% p.a.. ICICI Bank loan rate as of June 2026. Actual rates depend on your credit score, loan amount, and tenure.
- How is ICICI Bank EMI calculated?
- EMI = [P × r × (1+r)^n] / [(1+r)^n – 1], where P is principal, r is monthly rate (annual rate ÷ 12 ÷ 100), and n is tenure in months.
- Can I prepay my ICICI Bank loan?
- Yes. ICICI Bank generally allows part-prepayment and foreclosure. Floating-rate retail loans typically attract no prepayment penalty under RBI guidelines.
- How do I apply for a ICICI Bank loan online?
- Visit ICICI Bank Limited's official website or mobile app, navigate to the relevant loan product, and complete the online application. You will need KYC documents and income proof.
Looking for the generic version? Open the standard EMI Calculator