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Home ยป ICICI Home Loan EMI Calculator

ICICI Home Loan EMI Calculator

Calculator

Amount
Interest Rate
Tenure (in months)

Loan EMI

123

Total Interest Payable

1234

Total Amount

12345

Certainly! I can help you calculate the Equated Monthly Installment (EMI) for an ICICI Home Loan. However, please note that as an AI language model, I can provide you with the formula and steps to calculate the EMI, but I cannot directly perform calculations or access real-time data.

To calculate the EMI for an ICICI Home Loan, you’ll need the following information:

Loan Amount: The total amount you plan to borrow.
Interest Rate: The annual interest rate charged by ICICI for the home loan.
Loan Tenure: The duration (in months) for which you plan to repay the loan.
Once you have these details, you can use the following formula to calculate the EMI:

EMI = (P x R x (1+R)^N) / ((1+R)^N – 1)

Where:
EMI = Equated Monthly Installment
P = Loan Amount
R = Monthly Interest Rate (Annual Interest Rate/12/100)
N = Loan Tenure in Months

Now, let’s say you have a loan amount of INR 50,00,000 (5 million), an interest rate of 8% per annum, and a loan tenure of 20 years (240 months).

First, calculate the monthly interest rate:

R = 8 / (12 x 100) = 0.00667

Next, calculate the EMI using the formula:
EMI = (5000000 x 0.00667 x (1+0.00667)^240) / ((1+0.00667)^240 – 1)

Please note that this is just an example, and you should replace the values with your own loan amount, interest rate, and tenure.

If you need further assistance or have any other questions, please let me know!

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