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Choose A Simple Way To Avail ICICI Bank Personal Loan?

by Himanshu Kataria Digital Finance

ICICI Bank's personal loan can assist you to fulfil a variety of financial needs in an emergency. It can be used to pay for wedding expenses, medical bills, a dream vacation, or home renovations. Whatever your financial objectives are, an ICICI Bank Personal Loan is the ideal option. 


Take out a Personal Loan of up to Rs 25 lakh to fulfill personal needs that arise at any time. Personal Loans from ICICI Bank provide a speedy approval process, ensuring a simple borrowing experience. Additionally, with our online personal loan services, you can receive funds in as little as 3 seconds. The essential elements of an ICICI Bank personal loan EMI, such as its method of computation, factors impacting the EMI amount, EMI payment alternatives, late payment charges, and so on, are discussed in this article. 


The process to know the Functions of ICICI Bank Personal Loan EMI Calculator 

EMIs are the Equated Monthly Installments that a borrower must pay to repay a loan obtained from a bank or a non-banking financial organization (NBFC). The ICICI Bank Personal Loan EMI calculator is a simple online tool that allows you to calculate the cost of a loan before applying for it so that you can better manage your money. Instead of using a bank-specific calculator, you can use Afinoz's personal loan EMI calculator to check the loan EMIs promptly and for free.  


The three main points that make up an EMI calculator are as follows: 

  1. The principal amount borrowed from ICICI Bank is referred to as the loan amount. Typically, a larger loan amount means higher EMI payments. Personal loans from ICICI Bank range from Rs. 50,000 to Rs. 25 lakh. 
  2. Loan Tenure refers to the length of time a loan can be repaid. The duration of ICICI Bank personal loans now runs from 12 to 60 months. A shorter loan term normally means higher EMIs, but it saves you money on the overall interest paid. 
  3. The rate at which interest is levied on the loan amount is referred to as the interest rate. The interest rate on an ICICI Bank Personal Loan starts at 10.50% per annum. 


ICICI Bank Personal Loan EMI Calculator 
 

Are you thinking about getting a personal loan? Use this Personal Loan EMI Calculator to figure out how much you'll have to pay in EMIs each month to repay the Personal Loan. The EMI Calculator for Personal Loans is simple to use. All you have to do is choose from the following options: 

  1. Loan amounts range from 50,000 to 25 lakh 
  2. Interest rates starting at 10.5% p.a. 
  3. Loan terms range from 12 to 72 months.  

 

After entering the Loan Amount, Annual Interest Rate, and Loan Tenure, the calculator will calculate the monthly EMI and total interest due until the loan is paid off. You may also use your mouse to view the Balance Loan Amount (Principle Outstanding) and the Interest accumulated till a specific date by hovering your cursor over the graph. 


ICICI Bank Personal Loan Eligibility Criteria for salaried employees 

Listed below are the eligibility criteria of personal loan of ICICI Bank for salaried employees:  

 Eligibility Criteria 

Salaried 

Age 

Min. 23 years  Max. 58 years. 

Net Salary 

Salaried individuals should have minimum of monthly income Rs.30,000 

Total years in job/profession of working 

2 Years 

Years in current residence 


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About Himanshu Kataria Junior   Digital Finance

1 connections, 0 recommendations, 9 honor points.
Joined APSense since, October 25th, 2021, From NOIDA, India.

Created on Oct 27th 2021 02:37. Viewed 220 times.

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