ICICI Bank Preset (₹)Category: Bank-Specific Prepayment Presets →

ICICI Home Loan Prepayment Calculator

Model extra monthly contributions, annual bonus lump-sums, or step-up EMIs on your ICICI home loan to calculate exact interest savings and loan closure timeline.

ICICI Loan Parameters

0% Prepayment Charges

ICICI Home Loan Balance₹

₹

ICICI Repo Rate (I-MCLR / Repo Linked)% p.a.

Remaining TenureYears

Years

Monthly Part-Prepayment+ Acceleration

₹

Annual Lump Sum (Tax Refund / Incentive)Year 1 Part Payment

₹

Total Guaranteed Interest Saved

₹0

You save 0% in total loan interest!

Tenure Reduced By

0 yrs 0 mos

Early loan closure

New Loan Payoff Date

Originally --

Current Regular EMI

₹0

Monthly ICICI installment

Total Paid With Prepayment

₹0

Originally ₹0

ICICI Principal Balance Paydown Trajectory

Amortization Schedule

Interactive breakdown of balance, interest, and prepayment impact

Period	EMI Paid	Principal Paid	Extra Prepayment	Interest Paid	Total Payment	Remaining Balance

ICICI Home Loan Daily Reducing Balance & Step-Up Strategy

Every part prepayment processed via ICICI iMobile drops your principal the very same day, reducing daily interest accrual immediately. Test fixed monthly extra payments alongside annual step-ups in our Master Home Loan Prepayment Calculator, schedule ad-hoc lump sums in the Home Loan Part Prepayment Calculator, or verify daily interest math in How Prepayment Interest Is Calculated.

Want to benchmark ICICI against other Indian lenders? Check HDFC Home Loan Prepayment, Axis Bank Home Loan Rules, or evaluate investment trade-offs with the SIP vs Home Loan Prepayment Calculator.

Frequently Asked Questions

Does ICICI Bank charge any fees for part-prepayment on home loans?

No. ICICI Bank charges zero prepayment or foreclosure penalty on all floating rate home loans sanctioned to individual borrowers, compliant with Reserve Bank of India (RBI) regulations. Compare private-bank housing policies with our HDFC Home Loan Calculator, Axis Bank Home Loan Calculator, or check auto financing in the ICICI Car Loan Prepayment Calculator.

Can I make part-prepayments through the iMobile app?

Yes, ICICI Bank allows seamless instant part-prepayments directly through the iMobile app or ICICI Internet Banking portal under 'Loans' > 'Home Loan Account' > 'Part Payment'. Model multiple ad-hoc bonus injections inside the Home Loan Part Prepayment Calculator.

How does ICICI calculate interest on the remaining home loan balance?

ICICI calculates interest on a daily reducing balance basis. When your part-prepayment is credited, your principal drops immediately and interest is reduced from the very next day. Learn the exact formula in How Prepayment Interest Is Calculated.

What happens if I increase my ICICI Home Loan EMI annually?

Increasing your EMI by 5% to 10% each year (called a Step-Up Prepayment) acts as an automatic compounding accelerator, easily knocking 7 to 9 years off a 20-year loan. Weigh debt freedom vs investing via our SIP vs Home Loan Prepayment Calculator.