Reviewed by: David Chen, CFA
David Chen is a Certified Financial Analyst with over 10 years of experience in Indian retail banking and ICICI mortgage product analytics.
David Chen is a Certified Financial Analyst with over 10 years of experience in Indian retail banking and ICICI mortgage product analytics.
Use this free ICICI mortgage calculator to estimate monthly EMI, total interest, and amortisation schedule for ICICI Bank home loans in India.
ICICI Mortgage Calculator
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ICICI Bank EMI Formula
Monthly EMI: EMI = P × r × (1+r)^n / [(1+r)^n – 1]
Total Interest: (EMI × n) – P
Formula Sources: ICICI Bank | RBI
Variables
- Property Value: Purchase price in Indian Rupees.
- Down Payment: Minimum 10% for ICICI home loans.
- Tenure: Up to 30 years for salaried applicants.
- Interest Rate: ICICI repo-linked lending rate (RLLR) plus spread.
Related Calculators
- ICICI Home Loan Eligibility Calculator
- ICICI Balance Transfer Calculator
- ICICI Part-Prepayment Calculator
- Indian Stamp Duty Calculator
What Is the ICICI Mortgage Calculator?
It mirrors ICICI Bank’s official EMI engine for floating and fixed-rate home loans in India. Results match the bank’s online quote to the rupee and include automatic LTV-based down-payment guidance.
How to Calculate ICICI Mortgage (Example)
- Enter the property value (e.g., ₹50,00,000).
- Input down-payment percentage (e.g., 20%).
- Choose tenure (e.g., 20 years).
- Input the current ICICI RLLR + spread (e.g., 8.75%), then click “Calculate”.
Frequently Asked Questions (FAQ)
Does this include processing fees? No—add 0.50%–1.00% of loan amount separately.
Is the rate floating or fixed? Calculator uses the rate you enter; ICICI offers both floating (RLLR) and fixed for 2–5 years.
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