Home Loan Eligibility Calculator

Calculating your EMI is very simple with our tool. The formula we use is:

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

Where:

P = Principal loan amount

N = Loan tenure in months

R = Monthly interest rate

for a ₹10,00,000 Loan at an illustrative annual interest rate of 9% over 120 months, your EMI would be around.₹12,668

Using our calculator is simple.

• Enter the amount you wish to borrow
• Specify the Loan tenure in months
• Input the illustrative annual interest rate
• The calculator will immediately show the EMI, making Loan payments very effective.

*Note: Your final Loan amount, interest rate and tenure are basis your eligibility, income criteria and bureau score, which are subject to the Bank’s policy.

ICICI Bank’s Home Loan EMI Calculator is a good tool to plan your EMI and have accurate figures for better planning. By simply entering your desired Loan amount, interest rate and tenure, get an accurate Home Loan EMI calculation. Our user-friendly interface allows you to estimate a budget and plan your finances accordingly.

Adding a co-applicant with an independent source of income may strengthen the overall repayment profile and may positively impact Home Loan eligibility, subject to ICICI Bank’s internal assessment criteria. Eligibility assessment may vary for salaried and self-employed applicants based on factors such as income stability, repayment capacity, existing financial obligations, business continuity, cash flows, and supporting financial documents.

The Home Loan eligibility calculator provides indicative results for informational purposes only. Final loan eligibility, sanctioned loan amount, applicable interest rate, and loan approval are subject to detailed credit evaluation, verification, policy norms, and other terms and conditions of ICICI Bank.