Personal Loan EMI Calculator

EMI (Equated Monthly Instalment) is a fixed amount that you pay every month towards repaying your loan. This amount includes both the principal and interest components of your loan.

The Personal Loan EMI Calculator is an online tool that can help you get an estimate of the EMI payments of your Personal Loan. 

To calculate the EMI of a Personal Loan, simply enter your desired loan amount, tenure and estimated interest rate. The Personal Loan EMI Calculator will show the EMI you will be expected to pay every month.  

• Provides precise EMI calculations
• Simplifies financial planning and helps you manage your finances effectively 
• Enables you to compare different loan options.

Your Personal Loan EMI is influenced by the below factors:

• Loan Amount.
• Interest Rate.
• Tenure. 

The repayment period (tenure) of a Personal Loan of ₹ 2 lakh will vary as per the interest rate. Calculate your actual loan period (tenure) by entering all the details of your Personal Loan into the Personal Loan EMI calculator. 

The EMI of a ₹ 9 lakh Personal Loan varies according to the chosen tenure and interest rate. A better CIBIL score can make it easier for you to secure an attractive interest rate that might reduce your EMI amount. 

A Personal Loan Calculator can be used to: 

• Estimate your monthly loan repayments, i.e. EMIs 
• Save time spent in comparing the effects of different interest rates and tenures on your EMI 
• Give information about total loan amounts, interest rates and payback approaches 
• Calculate your EMI quickly, without manual effort.

Here are the key advantages of ICICI Bank Personal Loans:   

• Wide range of loan amounts and tenures: Apply for a Personal Loan for any amount between ₹ 50,000 to ₹ 50,00,000 and select a tenure (i.e. repayment period) between 12 months and 72 months. 
• Quick online application through the ICICI Bank website or the iMobile app, with minimal documents. 
• After approval, the sanctioned amount is deposited directly into your Savings Account so that you can use the funds quickly, as required. 
• Get options to prepay your Loan without extra charges and thus, manage your repayment as per your convenience. 

Personal Loan interest calculation takes into consideration factors like principal amount, tenure and applied interest rate, thus helping you to determine the total repayment amount. Once you know all the details, you can use a Personal Loan Interest Rate Calculator to get accurate results regarding the interest payments. 

A Personal Loan EMI Calculator offers the following benefits:

• It simplifies financial planning.
• It accurately determines monthly instalments.
• It ensures better budget management.
• It helps in making informed decisions.

The EMI calculation for Rs 10 lakh Personal Loan depends on factors like your loan amount, tenure and interest rate. The higher the interest rate, the higher the EMI. You can get attractive rates if you have a higher CIBIL score.

The EMI calculation for a Rs 20 lakh Personal Loan depends on factors such as tenure and interest rate. A CIBIL score of over 750 can help you avail competitive rates for your loan and can potentially lower your EMI.

The minimum salary requirement for a Rs 20 lakh Personal Loan varies and you can check your eligibility using a Personal Loan Eligibility Calculator. Monthly obligations and tenure have a significant influence on the loan amount. For example, if your monthly income is Rs 80,000 and you have zero monthly obligations, you can get a Personal Loan of nearly Rs 20 lakh for 60 months.

A Personal Loan Calculator assists you to set a budget, compare loan options, provide accurate repayment information and save time and effort.

• Budget making: Estimating monthly payments for loans can be tough. This is where the EMI tool can help you plan your finances and ensure that you can afford the loan payments.
• Comparison becomes easier: An EMI calculator allows you to compare different loan offers based on interest rates and loan tenures and helps you select the best loan option that suits your financial need.
• Repayment Information: The approximate total loan amount, interest rate and tenure information is generated with PL EMI Calculator to help plan your repayment strategy.
• Saves time and effort: Using Personal Loan EMI Calculator saves time and effort by eliminating manual calculations. You can quickly estimate your EMI by inputting the loan amount, interest rate and loan tenure.

Select the loan amount as per your requirement and the expected ROI. Now, you can select various tenure options to determine the monthly EMI amount that you can afford.

Alternatively, you can also start with selecting the ROI and the tenure; and then with the help of the EMI amount, you can determine the Loan Amount as per your affordability.

The Personal Loan EMI Calculator will give you an option to select ROI ranging between 10.60% p.a. and 16.50% p.a. However, the applicable ROI is dependent on multiple factors, including the loan amount requested.

You can fill in the application form here to check the applicable ROI and your personal loan eligibility You can also to check your eligibility for the Instant Personal Loan and avail of the loan amount instantly.

To use the Personal Loan EMI calculator, you need to enter the loan amount, interest rate, and duration. The calculator then instantly shows the EMI, helping you plan repayments better and manage your finances smartly.

Yes, you can, you need to change the loan amount in the calculator to compare EMIs. It’s a quick way to see how different amounts affect your repayment plan.

No, using the Personal Loan calculator from ICICI Bank does not cost anything. You need to visit the bank's site and go to the Personal Loan page to find the calculator. It’s designed to make loan planning easy, transparent, and stress-free for customers.

A Personal Loan Top Up calculator helps you check new EMIs when you take an extra loan on your existing one. It shows revised payments clearly and instantly.

Yes, ICICI Bank’s regular EMI calculator works for Top Up Loans too. Just enter new loan details along with the top-up amount to see your updated EMI instantly.

Yes, it is a smart option. ICICI Bank offers quick top-ups at affordable loan rates, saving time compared to fresh applications.