Farm Equipment Loan EMI Calculator - ICICI Bank

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Your reference number is CRM 786578956

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Select Repayment Frequency

Monthly

Quarterly

Half Yearly

Enter loan amount

₹

₹100000
4L 8L 12L 16L
₹2000000

Enter loan duration

12 Months
72 Months

Enter rate of interest

%

14 %
19 %

Processing Fee: 2% of loan amount (+18%GST) + documentation charges

Principal amount
Interest Amount
Total amount payable

Your Monthly Instalment is ₹13,432

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FE Loan Instalment Calculator FAQs

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Will the instalment amount be the same as calculated or will there be variations?

There will be a slight change in the instalment amount based on the actual date of disbursement, Processing Fee and documentation charges.

What is the maximum amount that can be offered for a Farm Equipment Loan?

You can avail a loan of up to 95% of the total cost of the equipment that you plan to purchase.

What parameters determine the interest rate for a Farm Equipment Loan?

The interest rate is determined by the risk profile of the customer. If there is a high credit risk, the interest rate charged will also be high.