Personal Loan True APR
Rs 5 Lakh Personal Loan True Cost
Calculate the EMI, interest, fees, GST, net disbursal and effective APR of an Rs 5 lakh personal loan before accepting an offer.
Last reviewed: 16 July 2026
Direct answer
What is the true cost of an Rs 5 lakh personal loan?
True cost is the scheduled interest plus attributable charges, measured against the net amount available—not just the Rs 5 lakh sanction. The exact result depends on the rate, tenure, fee, GST, insurance and payment timing.
Worked example
Enter Rs 5 lakh, 12%, 36 months, 2% fee and 18% GST on the fee. Add insurance only if attributable to the loan offer, then compare effective APR with the quoted 12%.
What to check
- Record sanctioned and net disbursed amounts.
- Include compulsory attributable charges.
- Longer tenure can lower EMI but raise total interest.
How the calculator approaches it
- 1.Calculate EMI from sanctioned principal, reducing rate and tenure.
- 2.Subtract attributable upfront charges and advance EMIs from the cash received.
- 3.Solve the monthly internal rate that equates net cash with later repayments.
- 4.Annualise the result and compare it with the lender Key Facts Statement.
Important limitation
Dates, broken-period interest, rounding and charge classification can change APR. The lender Key Facts Statement is the offer-specific disclosure to verify.
Primary sources
Related questions
FAQs
What is the true cost of an Rs 5 lakh personal loan?
True cost is the scheduled interest plus attributable charges, measured against the net amount available—not just the Rs 5 lakh sanction. The exact result depends on the rate, tenure, fee, GST, insurance and payment timing.
Which calculator should I use for this question?
Use RupeeKit's Personal Loan True APR Calculator India and replace the example with your own current figures.
RupeeKit provides educational estimates only. This page is not personalised financial, investment, tax, legal or lending advice. Verify current rules, product documents and your own facts before acting.