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ICICI EMI Calculator

Loan Amount

Interest rate




Loan Duration


1 Yr

30 Yrs



Principal Amount


Total Payable

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What is the ICICI EMI Calculator?

EMIs, or Equated Monthly Installments, provide a structured and reliable approach to repaying your loans, empowering you to achieve financial freedom. These fixed monthly payments cover both the principal loan amount and the interest charged by the bank. By paying your EMIs regularly, you gradually reduce your outstanding loan balance over the agreed loan tenure until the entire debt is fully repaid.

When it comes to loan repayment, making informed decisions is crucial. With the ICICI EMI calculator, you can experiment with various loan amounts, interest rates, and tenures to find the ideal balance that aligns with your financial goals.

If you are planning to take a loan from ICICI Bank, look no further than the Angel One ICICI EMI calculator. This calculator can help you effortlessly calculate your monthly repayments. Whether you're considering a home loan, car loan, personal loan, or any other loan type, the online ICICI EMI calculator is a valuable resource for accurately estimating your EMIs.

How Does an ICICI EMI Calculator Work?

The Angel One ICICI EMI calculator operates on a simple formula based on three primary variables: the loan amount, the interest rate, and the tenure. By considering these factors, the calculator quickly computes the EMI amount you will be required to pay each month.

This saves you the hassle of manual calculations and provides accurate results in seconds.

What Is the ICICI EMI Calculator Formula?

The ICICI EMI calculator formula is as follows:

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


P = Principal loan amount

R = Monthly interest rate

N = Repayment tenure in months

How To Use the ICICI EMI Calculator Online?

Using the online ICICI EMI calculator is simple and straightforward. Follow these steps to calculate your EMI:

Step 1: Enter the loan amount you wish to borrow

Step 2: Input the interest rate ICICI Bank offers for your chosen loan type

Step 3: Select the tenure or loan repayment period in years

The Angel One online ICICI EMI calculator will instantly show you the EMI payable. You can tweak the loan amount, interest rate, or tenure to explore different combinations and find the most suitable repayment plan for your needs. Let’s understand the above steps with an example. Suppose you draw a loan amount of Rs. 70,000 at 7.40% for 3 years. Then, as per the ICICI EMI calculator, you will have to pay an EMI of Rs. 2,174. The total amount you will have to pay back is Rs. 78,272.

Factors influencing the ICICI Bank EMI amount

Below are the key factors that affect the EMI on your loan:

  • Loan Amount: The amount you borrow directly impacts your EMI. Higher loan amounts result in higher monthly installments.
  • Interest Rate: The interest rate applied to your loan affects the total repayment. Higher interest rates lead to higher repayment amounts and EMIs..
  • Tenure: The repayment duration you choose for your loan directly affects each instalment amount. Longer tenures generally result in smaller EMIs, but they increase the overall interest on the loan.

Benefits Of Using an ICICI Bank EMI Calculator

  1. Better financial planning: With a clear picture of your EMI, you can assess how much you need to allocate each month for loan repayment, helping you budget better.
  2. Instant results: The calculator provides precise EMI amounts within seconds, ensuring reliable calculations for your loan repayments. You don't have to rely on manual calculations or guesswork.
  3. Informed decision-making: The calculator can be used to compare loan options. You can experiment with various loan amounts, interest rates, and tenures to find the most affordable option that suits your financial goals.
  4. Visualize repayment journey: The EMI calculator provides the monthly EMI amount and gives you an overview of your loan repayment journey. It breaks down the interest and principal components, helping you understand how your payments contribute to reducing your outstanding balance over time.

Types Of Loans Offered By ICICI

ICICI Bank offers a range of loans to cater to different financial needs. These may include:

  • Cardless EMI: With ICICI Bank, you can conveniently convert your purchases into monthly installments without needing a physical credit or debit card. This is a no-cost EMI option meaning you don’t pay any interest on the loan.
  • Home loan: ICICI Bank offers a range of home loan products that cater to various requirements, whether you are purchasing a new property or refinancing an existing one.
  • Car loan: Whether it is a new car or a pre-owned vehicle, ICICI Bank provides car loans that fit your budget and preferences.
  • Personal loan: These loans provide quick access to funds for various purposes like medical emergencies, wedding expenses, or vacations.
  • Education loans: These loans cover tuition fees, living expenses, and other education-related costs.


What is the ICICI EMI calculator?

The ICICI EMI calculator is a handy tool that allows you to calculate your monthly EMI and the total amount payable for a loan drawn.

How to use the ICICI EMI calculator online?

To use the ICICI EMI calculator, visit the Angel One website. Then enter the loan amount, interest rate, and tenure. The calculator will instantly provide you with the EMI amount.

Is the ICICI EMI calculator free to use?

Yes, the calculator is available for free on the Angel One website. You do not have to pay any subscription fee.

What is the minimum amount that you can take a loan from ICICI Bank?

Different banks may have different minimum loan amounts.

Is there a penalty on the prepayment of the loan from ICICI Bank?

Yes, there can be a prepayment penalty and applicable GST on the outstanding balance if you choose to prepay your loan. This varies from bank to bank.

Can I modify the EMI amount for a loan from ICICI Bank?

No, you cannot change the amount once your bill or purchase has been converted to EMI. It will remain constant across the loan tenure.

Enjoy Zero Brokerage on
Equity Delivery

Enjoy Zero Brokerage on Equity Delivery

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