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ICICI Credit Card EMI Calculator

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MONTHS
%
Yearly/monthly repayment schedule
2025
MonthBeginning balanceEMIPrincipalInterestEnding Balance
Apr20,00,00067,38845,72121,66719,54,279
May19,54,27967,38846,21721,17119,08,062
Jun19,08,06267,38846,71720,67118,61,345
Jul18,61,34567,38847,22320,16518,14,122
Aug18,14,12267,38847,73519,65317,66,387
Sep17,66,38767,38848,25219,13617,18,135
Oct17,18,13567,38848,77518,61316,69,360
Nov16,69,36067,38849,30318,08516,20,057
Dec16,20,05767,38849,83717,55115,70,220
2026
MonthBeginning balanceEMIPrincipalInterestEnding Balance
Jan15,70,22067,38850,37717,01115,19,843
Feb15,19,84367,38850,92316,46514,68,920
Mar14,68,92067,38851,47515,91314,17,445
Apr14,17,44567,38852,03215,35613,65,413
May13,65,41367,38852,59614,79213,12,817
Jun13,12,81767,38853,16614,22212,59,651
Jul12,59,65167,38853,74213,64612,05,909
Aug12,05,90967,38854,32413,06411,51,585
Sep11,51,58567,38854,91212,47610,96,673
Oct10,96,67367,38855,50711,88110,41,166
Nov10,41,16667,38856,10911,2799,85,057
Dec9,85,05767,38856,71610,6719,28,341
2027
MonthBeginning balanceEMIPrincipalInterestEnding Balance
Jan9,28,34167,38857,33110,0578,71,010
Feb8,71,01067,38857,9529,4368,13,058
Mar8,13,05867,38858,5808,8087,54,478
Apr7,54,47867,38859,2148,1746,95,264
May6,95,26467,38859,8567,5326,35,408
Jun6,35,40867,38860,5046,8845,74,904
Jul5,74,90467,38861,1606,2285,13,744
Aug5,13,74467,38861,8225,5664,51,922
Sep4,51,92267,38862,4924,8963,89,430
Oct3,89,43067,38863,1694,2193,26,261
Nov3,26,26167,38863,8533,5342,62,408
Dec2,62,40867,38864,5452,8431,97,863
2028
MonthBeginning balanceEMIPrincipalInterestEnding Balance
Jan1,97,86367,38865,2442,1441,32,619
Feb1,32,61967,38865,9511,43766,668
Mar66,66867,38866,6667222
EMI payable
Total Interest
Payable amount

Credit card EMIs enable you to turn your purchases into cost-effective loans with a fixed monthly payment. You can simply calculate your monthly instalment using the ICICI Credit Card EMI Calculator based on your loan, rate of interest, and term, making planning easy. Read further for an in-depth overview of the features of the calculator, the formula used in the calculation, and its advantages.

How Does ICICI Credit Card EMI Calculator Work?

The ICICI Credit Card EMI calculator makes financial planning easy by employing three parameters- principal, interest rate, and tenure to determine EMIs. It employs the reducing balance formula to deliver precise calculations where interest is paid on only the outstanding principal. 

This simple method assists you in analyzing varying repayment schedules and choosing the most appropriate terms for your money objectives. It is often a great tool to pay credit card charges with ease and minimal tension.

How To Use ICICI Credit Card EMI Calculator?

ICICI Credit Card EMI Calculator is an easy-to-use calculator for determining the monthly instalment amount without professional expertise. Follow the below steps to use the Cleartax ICICI Bank credit card EMI calculator

  • Enter the principal amount. 
  • Choose the desired loan tenure.
  • Select the relevant interest rate.
  • The calculator will automatically display the total interest rate, monthly EMI and the total amount payable.

Formula For Calculating ICICI Credit Card EMI

The ICICI Credit Card uses the following formula to calculate the monthly instalment amount: 

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

where,

  • P = Principal amount
  • R = Interest rate per month (divide the annual interest rate by 12)
  • N = Number of monthly instalments or loan tenure in months

Let us assume you buy products worth Rs. 1.5 lakhs using your ICICI Bank Credit card. You wish to pay in the form of EMI for 2 years against the APR of 16%. Then, you can apply the EMI formula as presented below in the form of the following steps:

P = Rs. 1,50,000
R = 12% p.a.
N = 2 years (24 months)

Hence, your total interest for the tenure will be Rs. 26,267, and your EMI will be calculated as Rs. 7,344. Your overall amount will be Rs. 1,76,267.

Advantages Of ICICI Bank Credit Card EMI Calculator

Here are the key benefits of using the ICICI Bank Credit Card EMI interest rate calculator:

  • Flexible Calculations: Simple estimation of EMIs based on interest rate, loan amount, and repayment term to take an informed decision.
  • Smart Financial Planning: It offers various EMI plans, facilitating you to select the best repayment schedule as per your requirement.
  • Fast & Reliable Results: Does intricate arithmetic in real-time, which makes it an easy device even for non-finance specialists.
  • User-Friendly & Accessible: Online anytime, enabling you to compute EMIs easily from anywhere.
  • Amortization Schedule: Provides a detailed schedule of outstanding balance and interest paid, with complete transparency on repayment.

Factors Affecting ICICI Credit Card EMI

The next three major determinants affect the ICICI Bank Credit Card:

  • The balance amount, where increased dues results in higher EMIs.
  • The interest rate or APR, varying according to your credit score and the lending policy, has a direct influence on the repayment.
  • Loan term, by way of greater repayment periods, lowers the EMI per month but raises the overall.

ICICI Credit Card Interest Rates and Tenure

ICICI Bank offers a comprehensive series of credit card products that can suit every customer's individual need and interest. ICICI credit card loans are distinguished from others because they offer highly competitive interest rates coupled with options in flexible tenure. For settling credit card bills by converting into instalments over months, ICICI Bank gives its customers numerous options in terms of tenures to make users use large value transactions without hassle.

The interest rate on ICICI Bank credit card loans starts at 14.99% p.a. and goes up 20% p.a. as of FY24-25. The outstanding balance can be converted into EMIs within a tenure ranging between 3 to 24 months.

Mistakes To Avoid While Using ICICI Credit Card EMI Calculator

In order to get precise outcomes from the ICICI Bank Credit Card smart EMI calculator, heed the following precautions:

  • Enter Correct Information: To get accurate calculations, make sure you enter the loan amount, interest rate, and repayment period correctly.
  • Take into consideration Additional Charges: Keep in mind that there might be additional fees or charges aside from the one calculated, that can influence your overall repayment figure.
  • Update for Interest Rate Changes: If you have chosen a floating interest rate, use the calculator frequently to remain informed about any changes and to calculate the EMI correctly.

The ICICI Credit Card EMI Calculator is an effective tool to split credit card dues into convenient monthly installments. With details like the outstanding amount, interest rate, and repayment tenure, users can compute their Equated Monthly Installment (EMI) in a snap. This helps in proper financial planning and facilitates better debt management and final. The ICICI Bank Credit Card EMI interest rate varies between 11% p.a. to 16% p.a., with the average interest rate being 14.49% p.a. 

                                           Related Credit Card EMI Calculators
HDFC Credit Card EMI CalculatorKotak Credit Card EMI CalculatorAxis Bank Credit Card EMI CalculatorSBI Credit Card EMI Calculator

Frequently Asked Questions

How to check EMI amount in ICICI Bank Credit Card?

To view the EMI amount on your ICICI Bank Credit Card, log in to your ICICI Bank Internet banking or mobile app. Click on the ‘Credit Card’ section and select ‘EMI Details’. You will see the EMI amount, interest rate, and tenure. Alternatively, you can call ICICI customer care for assistance.

How is credit card EMI charged?

Credit card EMIs are levied by converting a purchase or outstanding balance into monthly payments. Interest is charged on that principal amount as per the tenure chosen. The EMI amount is credited monthly to the credit limit of the cardholder till paid in full.

Can I pay ICICI Bank Credit Card EMI in advance?

Yes, you can pay the ICICI Bank Credit Card EMI in advance. However, to provide advance payment against ICICI Bank Credit Card EMI, you need to call ICICI Bank customer care or visit their branch and request advance payment.

How much interest is charged on an ICICI Bank Credit Card?

With the other alternatives for conversion of EMI, the ICICI Bank imposes an interest rate ranging from 11% to 16% per annum, depending upon the tenure and nature of transaction. The rate differs card to card and depends on the current offer.

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