ICICI Personal Loan EMI Calculator - Compute your Installment Amount
Personal loan is a financial support that helps the people in acquiring funds in times of need. The funds issued under this loan can be used for any of the personal needs as there is no predetermined purpose attached to it. ICICI Bank is one of the leading service provider in this sector.
The Bank extends this facility to help its calculator achieve their financial and personal goals. As known it will be difficult for an individual to arrange the lump sum amount, the Bank provides the required amount and assist in fulfilling the immediate requirement.
This amount is to repaid in installment along with the interest charged. The part of principal and the interest amount together constitutes the EMI. EMI has to be paid every month during the loan tenure. According to your monthly budget you can select the tenure and loan amount so that you don't have to struggle hard to pay the installment amount.
The question that must be bothering now may be how to know the installment amount on various tenure and credit amount? It is not that tough. Using the ICICI Personal Loan EMI Calculator one check how much he/she has to repay each month in order to settle the loan.
Though availing PL does not require to engage in hectic process but the Bank provides loan only to the eligible candidates. This eligibility is decided based on the parameters such as employment status, age and income.
Who are eligible for ICICI Personal Loan?
The salaried and self-employed individuals are eligible to avail the loan from the Bank only if the stated terms are followed:
Criteria for Salaried
Criteria for Self-Employed
The applicants should have a relationship with the ICICI bank for a minimum of 1 year like an account holder or an existing loan customer wherein the loan is either running or would end in the initial 36 months of the loan tenure
The category wise list of documents is shared below -
The salaried customer has to submit the below mentioned documents in order to avail the loan:
ICICI Personal Loan EMI Calculator
Calculating the EMIs is a complex process right? Your mindset is going to change now when I will tell you about ICICI Personal Loan EMI Calculator. The tool has been designed to make the process of calculation of monthly EMIs simpler and hassle free. You can now say goodbye to the manual calculation of the EMIs and instead use the magical tool to do the same. You have to simply enter the details like tenure period, loan amount and rate of interest. The tool will take care of the rest. It will give you information relating to your total interest payable and monthly EMI amount.