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# ICICI Business Loan EMI Calculator Aug 2017

Last Updated 22nd Aug 2017

## ICICI Bank Lowest Business Loan EMI Rs. 2,232 per lakh

Loan Tenure
Loan Amount (Rs.) 2 Years 3 Years 5 Years
100,000 Rs. 4,714 Rs. 3,329 Rs. 2,232
300,000 Rs. 14,143 Rs. 9,986 Rs. 6,696
500,000 Rs. 23,572 Rs. 16,643 Rs. 11,160
1,000,000 Rs. 47,144 Rs. 33,286 Rs. 22,320
Rs.

### Factors affecting Business Loan EMI

• Borrower Age: ICICI Bank offers loan to borrowers with minimum age of 25 years and a maximum age of 65 years.
• Maximum loan amount: The maximum business loan amount offered by ICICI Bank is up to Rs. 4,000,000.
• Interest Rates: Interest rates range from 12.15% to 16.65% depending upon customer profile, loan amount and other factors.
• Processing fee: Processing fee may be 2% of loan amount. Special schemes from time to time may offer a lower or a flat fee in case of some select corporates.

### What is the calculation of ICICI Business Loan EMI?

• Business Loan EMI (or equated monthly instalment) is a fixed amount of money paid by you to ICICI Bank against the loan taken. This is towards repayment of your loan to the bank. Every month, it is due on a fixed day of the month till your loan is fully paid back.
• With ICICI Bank offering Business Loans with loan tenure upto 5 years, the loan EMI can be as low as Rs. 2,232 per lakh, to make it more affordable and convenient to meet your business needs. Rate of interest offered by ICICI Bank are as low as 12.15%. You can check EMI for other tenures using our ICICI Bank Business Loan EMI calculator.
• This EMI consists of both interest payment and principal repayment. Though the EMI amount will remain constant, the principal component keeps increasing and on the other hand the interest component keeps reducing.

### How does MyLoanCare Business Loan Calculator calculate EMI?

• This calculator calculates EMI considering a combination of loan amount, interest rate and loan tenure.
• This calculator considers “reducing balance basis” and assumes that payment of EMI is made in arrears (means interest is charged for the month preceding the EMI payment date) and not in advance.

#### ICICI Bank Business Loan EMI Calculator Customer Care Number, Email, Application Status, Branches

City Customer Care Number
Agra 808-166-7777
Ambala 901-766-7777
Anand 800-066-7777
Bangalore 080-33667777/ 080-44455000
Bhilai 909-866-7777
Bhilwara 787-766-7777
Bhopal 0755-3366777
Bhubaneswar Cuttack 0674-3366777
Bikaner 787-766-7777
Chandigarh 0172-3366777/ 0172-4445500
Chennai 044-33667777/ 044-44455000
Cochin 902-066-7777
Coimbatore 0730-566-7777
Delhi 011-33667777/ 011-44455000
Durg 909-866-7777
Gandhinagar 800-066-7777
Goa 902-166-7777
Greater Noida 808-166-7777
Gurgaon 0124-3366777/ 0124- 4445500
Guwahati 986-466-7777
Gwalior 909-866-7777
Indore 909-866-7777
Jabalpur 909-866-7777
Jaipur 0141-3366777/ 0141-4445500
Jalandhar 730-766-7777
Jodhpur 787-766-7777
Kanpur 808-166-7777
Karnal 901-766-7777
Kolhapur 902-166-7777
Kolkata 033-33667777/ 033-44455000
Kota 787-766-7777
Kozhikode 902-066-7777
Lucknow 0161-3366777/ 0161-4445500
Ludhiana 730-766-7777
Meerut 808-166-7777
Mehsana 800-066-7777
Mohali Sas Nagar 730-766-7777
Mumbai 022-33667777/ 022-44455000
Mussoorie 808-166-7777
Nagpur 902-166-7777
Nashik 902-166-7777
Noida 808-166-7777
Noida Extn 808-166-7777
Panipat 901-766-7777
Patna 0612-3366777
Pondicherry 0730-566-7777
Pune 902-166-7777
Raipur 0771-3366777
Rajkot 800-066-7777
Ranchi 0651-3366777
Rohtak 901-766-7777
Roorkee 808-166-7777
Salem 0730-566-7777
Shimla 0177-3366777
Sonepat 901-766-7777
Surat 800-066-7777
Trichy 0730-566-7777
Udaipur 787-766-7777