Here is how to increase EMI amount in ICICI home loan. If you want to increase your home loan EMI with ICICI Bank, you're permitted to do so if your financial situation improves (e.g., salary hike). ICICI allows you to raise your EMI or extend tenure accordingly but you must request it directly, usually via the branch or their help desk.
How to Increase EMI in ICICI Home Loan?
ICICI allows EMI changes on floating rate loans. Once a request is processed, your EMI increases and the loan tenure adjusts automatically unless you specify otherwise.
Write to your home loan branch or relationship manager, or use the customer‑care email—mention your request clearly: “I’d like to increase my EMI to Rs___.” ICICI requires in‑person or written confirmation; calling isn’t enough.
Visit the branch (or email) and submit an EMI increase request. The branch will cancel your existing ACH mandate (auto-debit) and set up a new mandate with the higher EMI limit.
Expect a processing time of 3 to 7 days before the first increased EMI is auto-debited.
Understand implications:
Once increased, EMI cannot be reduced later, except via part-prepayment or loan conversion. Increased EMI allows you to repay the loan faster and save on total interest, but ensure your monthly cash flow supports it. If you have surplus funds, you can make pre-payments instead. But note that only the loan tenure reduces, not the EMI, unless you specifically apply for an EMI increase later.
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How to Increase EMI in ICICI Home Loan?
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2025-06-19T13:59:40+00:00 2025-07-02T17:57:58+00:00Comment
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