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Personal Loan EMI Calculator
Explore multiple loan options with our intuitive Personal Loan EMI Calculator!
About Fixed Deposits Calculator
What is an FD Calculator?
The ICICI Bank FD Calculator is a user-friendly tool designed to help customers estimate the interest earned on their Fixed Deposit (FD). By inputting the investment amount, tenure, and applicable interest rate, customers can easily calculate the potential returns on their deposit
How to Use the FD Calculator?
Using the FD Calculator is simple:
- Choose your customer type (Normal or Senior Citizen).
- Select the FD type (Cumulative or Interest Payout: Monthly/Quarterly).
- Select the FD type (Cumulative or Interest Payout: Monthly/Quarterly).
- The calculator will display the interest rate, interest amount, maturity date, and final maturity value.
How do I add money to my Fixed Deposit account
Individuals and entities mentioned below are eligible to apply for a regular Fixed Deposit online:
- Residents
- Hindu Undivided Families
- Sole Proprietorship Firms
- Partnership Firms
- Limited Companies
- Trust Accounts
- Non-Resident Indians
- Minors with Guardianship.
Also, the Savings Account should be KYC verified.
Personal Loan EMI Calculator FAQs
What is an EMI?
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.
What is the role of the Personal Loan EMI Calculator?
The Personal Loan EMI Calculator is an online tool that can help you get an estimate of the EMI payments of your Personal Loan.
How to calculate the EMI of a 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.
Why should I use a Personal Loan EMI Calculator?
Provides precise EMI calculations
Simplifies financial planning and helps you manage your finances effectively
Enables you to compare different loan options.
What factors can influence my Personal Loan EMI?
Your Personal Loan EMI is influenced by the below factors:
- Loan Amount.
- Interest Rate.
- Tenure.
How many years will it take to repay a Personal Loan of ₹ 2 lakh?
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.
What is the EMI of a ₹ 9 lakh Personal Loan?
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.
What is a Personal Loan Calculator used for?
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.
How can I use a Personal Loan EMI Calculator to help me pick the right loan?
Enter your desired loan amount and rate of interest
Check different tenure options to get the appropriate EMI that suits you.
This helps you pick a Personal Loan that is right for you, i.e. one that you can repay comfortably without straining your finances.
What are the advantages of ICICI Bank Personal Loans?
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.
Take a word from our Customers
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S4.2
Sharad Kapoor
ICICI iWish Goal-Based Deposits helped me achieve my savings targets effortlessly. Setting goals and earning higher interest rates.
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R2.5
Rishab Jain
Thanks to ICICI iWish, I was able to save for my future goals with ease. The flexibility to deposit whenever I wanted and the attractive interest rates.
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A5
Apoorv Gupta
ICICI iWish made saving for my goals fun and rewarding. The ability to customize my savings plan, along with the option to earn more interest.
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