IC
ICICI Bank Personal Loan EMI Calculator
10.65% p.a.Current Rate
10.65% p.a. onwards
Max Loan Amount
₹50 lakh
Max Tenure
6 years
Rates shown are indicative as of June 2025. Verify current rates with ICICI Bank Limited before applying.
Monthly payment
$16,286.61
- Principal
- Interest
- Amount received
- $495,000.00
- Origination fee
- $5,000.00
- Total interest
- $86,317.94
- Total repaid
- $586,317.94
- Term
- 3 yr
The 1% origination fee takes 5000 off the top, so you receive 495000 but still repay the full 500000. Counting both the fee and interest, this loan costs you about 91318 — more than the 10.65% headline rate suggests.
Amortization schedule
| Year | Payment | Interest | Principal | Balance |
|---|---|---|---|---|
| 1 | $195,439.31 | $46,099.90 | $149,339.41 | $350,660.59 |
| 2 | $195,439.31 | $29,395.47 | $166,043.84 | $184,616.75 |
| 3 | $195,439.31 | $10,822.57 | $184,616.75 | $0.00 |
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Frequently asked questions
- What is the current ICICI Bank interest rate?
- ICICI Bank's indicative rate is 10.65% p.a.. ICICI Bank personal loan rate as of June 2025. 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 Personal Loan Calculator