ICICI Personal Loan EMI Calculator
An EMI (Equated monthly Installment) is the monthly amount that you need to pay out to the ICICI Bank every month against the personal loan availed, till the expiry of your scheduled loan tenure. The amount is calculated by considering both the principal loan amount and the interest accrued on it. The EMI amount can remain constant, but the proportion of the principal and the interest component keeps on fluctuating every month. With every EMI you pay, the principal component keeps on increasing and the interest component of your ICICI bank personal loan keeps on decreasing.
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