ICICI Bank Home Loan EMI Calculator
Calculate EMI for ICICI Bank home loan with current interest rates and amortization schedule.
8.5% – 9.5% p.a.
0.5%
Monthly EMI
₹43,391.16
Total Payment
₹1.04 Cr
Total Interest
₹54.14 L
Principal
48.01%
Interest
51.99%
Total EMIs
240
Loan closes
Jul 2046
Break-even
N/A
Interest : Principal
51.99% : 48.01%
Outstanding balance at any month
About ICICI Bank Home Loan EMI Calculator
ICICI Bank is one of India's largest private sector banks and a major home loan lender. ICICI uses an external benchmark-linked rate (repo rate + spread). They offer home loans for NRIs as well, and have a strong digital process - you can track your loan status on their app.
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ICICI Home Loan EMI by loan amount
Monthly EMI and total interest at 8.5% for 20 years — the typical rate and tenure for a ICICI home loan. Change any value in the calculator above to match your own loan.
| Loan amount | Monthly EMI | Total interest |
|---|---|---|
| ₹5 L | ₹4,339 | ₹5.41 L |
| ₹10 L | ₹8,678 | ₹10.83 L |
| ₹20 L | ₹17,356 | ₹21.65 L |
| ₹30 L | ₹26,035 | ₹32.48 L |
| ₹50 L (default) | ₹43,391 | ₹54.14 L |
| ₹1 Cr | ₹86,782 | ₹1.08 Cr |
₹50 L ICICI Home Loan EMI by tenure
| Tenure | Monthly EMI | Total interest |
|---|---|---|
| 10 years | ₹61,993 | ₹24.39 L |
| 15 years | ₹49,237 | ₹38.63 L |
| 20 years (default) | ₹43,391 | ₹54.14 L |
| 25 years | ₹40,261 | ₹70.78 L |
| 30 years | ₹38,446 | ₹88.41 L |
Stretching a ₹50 L ICICI home loan from 10 to 30 years lowers the EMI by ₹23,547/month but adds ₹64.01 L in extra interest. Pick the shortest tenure your budget comfortably allows.
How ICICI compares on home loan rates
ICICI's starting home loan rate of 8.5% is above the average among the major banks we track (the sector average is 8.28%, and HDFC currently starts lowest at 7.9%). On a ₹50 L loan for 20 years, the gap to the cheapest lender works out to roughly ₹1,880/month, or about ₹4.51 L over the full tenure.
| Bank | From rate | EMI (20yr) | Processing fee |
|---|---|---|---|
| State Bank of India | 8.25% | ₹42,603 | ₹10,000 + GST |
| HDFC Bank | 7.9% | ₹41,511 | 0.5% (min ₹3,000) |
| ICICI Bank (this page) | 8.5% | ₹43,391 | 0.5% |
| Kotak Mahindra Bank | 8.25% | ₹42,603 | 0.5% |
| Axis Bank | 8.5% | ₹43,391 | 1% (min ₹10,000) |
Starting rates for salaried borrowers with a 750+ CIBIL score, as of 2026-07-14. EMI shown for a ₹50 L loan over 20 years. Actual rates depend on your profile — always confirm on the bank's website.
Frequently Asked Questions
What is the EMI on a ₹50 L ICICI home loan at 8.5%?▾
At 8.5% for 20 years, the EMI on a ₹50 L ICICI home loan is about ₹43,391 per month. Over the full term you repay ₹1.04 Cr — ₹50 L of principal plus ₹54.14 L of interest, which is 108% of what you borrow. Adjust the amount, rate, and tenure above for your exact figures.
Is ICICI's home loan rate competitive?▾
ICICI's starting rate of 8.5% is above the average among the major banks we track — HDFC currently starts lower at 7.9%. On a ₹50 L loan for 20 years, that gap is roughly ₹1,880/month, or about ₹4.51 L over the full tenure — so it is always worth comparing lenders before you lock in.
What is the current ICICI Bank home loan rate?▾
ICICI home loans start at 8.5% p.a. Rates go up to 9.5% depending on the borrower's credit profile and loan-to-value ratio.
Can NRIs get ICICI home loans?▾
Yes - ICICI offers NRI home loans for residential properties in India. NRIs can repay via NRE/NRO accounts or foreign currency remittances. Rates are similar to resident Indians.
How fast is ICICI home loan approval?▾
ICICI Bank typically gives in-principle approval within 24–48 hours for salaried applicants with complete documents. Full disbursement takes 7–15 days after property document verification.
Does ICICI offer home loan top-ups?▾
Yes - if you have an existing ICICI home loan, you can apply for a top-up loan (up to 75% of property value minus outstanding principal) at attractive rates without fresh property appraisal.
What is the ICICI home loan processing fee?▾
ICICI charges 0.5% of the loan amount as processing fee. Occasionally they run promotions with waived or reduced fees - check their official website before applying.