Use ICICI Home Loan EMI Calculator To Plan Your Loan Budget You can calculate your home loan monthly installments to plan your loan funds and this can be done by using ICICI home loan EMI calculator. ICICI Bank provides you home loans to buy a new house, property, or to renovate your house. With a flexible ICICI Bank home loan tenure, you can easily make payment for your monthly loan installments. To know your loan EMI you can use the ICICI Bank home loan EMI calculator which gives you an accurate result. Read this article to know about the ICICI Bank home loans. ICICI Bank home loan features & benefits The bank offers you a loan amount depending on your regular flow of income and other eligibility criteria. You can pay your borrowed principal amount in equated monthly installments (EMI) for a hassle-free loan experience. ICICI home loan interest rates are flexible and depend on the bank marginal cost of fund-based lending rate (MCLR). The current MCLR of ICICI Bank ranges from 8.20% to 8.45%. Pay your home loan with easy repayment options like EMI, Pre-EMI and flexible installment plan (FLIP). ICICI Bank provides you a flexible home loan duration which range from 36 to 360 month. To calculate your approx ICICI home loan EMI you can use ICICI home loan EMI calculator which gives you an accurate home loan EMI. What is the benefit of using ICICI Bank home loan EMI calculator? You can make use of ICICI home loan EMI calculator to know your monthly loan installments which helps in managing your home loan repayment schedule. It is an easy to use device, you just need to visit www.icicibank.com and find the EMI calculator after that insert your desired home loan amount, loan duration and your ICICI home loan interest rates. After putting your home loan details it gives your home loan EMI in just a few seconds. The EMI calculator works on the formula [P x R x (1+R)^N]/[(1+R)^N-1], and calculate the complex EMI calculation in milliseconds and save your time. ICICI Bank home loan fee & charges ICICI Bank charges a processing fee from you for the home loan which is 1% to 2% of your applied loan amount. The processing fee is non-refundable and may subject to minimum INR 1,500 and INR 2,000 if you are residing in Delhi, Mumbai & Bangalore. The prepayment charges are zero for your ICICI Home Loans and Home Improvement Loans with a floating rate of interest. The bank charges a 2% prepayment fee on full repayment of your ICICI home loans at a fixed rate of interest.
On due or delay of your home loan EMI, the bank charges a late payment fee from you which is 1.5% of your outstanding amount subject to minimum Rs. 500 or maximum Rs. 5000. Now buy your own house or property with an ICICI Bank housing loans that offer you a loan amount at a lower rate of interest with a maximum loan duration of 30 years. Use ICICI home loan EMI calculator to estimate your loan EMIs which helps in deciding a suitable loan repayment schedule.