5000 Personal Loan on PAN Card EMI Calculator
Estimate the monthly EMI and the total repayable for a 5000 personal loan on PAN card, including the processing fee and GST. Move the sliders — the result updates instantly and nothing is sent to any lender.
Assumptions: Reducing-balance interest with fixed monthly instalments; Processing fee assumed at 2% of the amount, charged upfront; 18% GST applies on the fee; Results are estimates for comparison — your lender’s Key Facts Statement is the binding figure.
Where every rupee goes
On short tenures the annualised rate can look high because one-time fees are spread over a few months. Compare the total repayable in rupees.
Example only. Your rate, fees and repayment amount depend on the lender's offer and Key Facts Statement.
Repayment schedule
| Month | EMI | Principal | Interest | Balance |
|---|---|---|---|---|
| 01 | ₹454 | ₹387 | ₹67 | ₹4,613 |
| 02 | ₹454 | ₹392 | ₹62 | ₹4,221 |
| 03 | ₹454 | ₹397 | ₹56 | ₹3,823 |
| 04 | ₹454 | ₹403 | ₹51 | ₹3,421 |
| 05 | ₹454 | ₹408 | ₹46 | ₹3,013 |
| 06 | ₹454 | ₹413 | ₹40 | ₹2,599 |
| 07 | ₹454 | ₹419 | ₹35 | ₹2,180 |
| 08 | ₹454 | ₹425 | ₹29 | ₹1,756 |
| 09 | ₹454 | ₹430 | ₹23 | ₹1,325 |
| 10 | ₹454 | ₹436 | ₹18 | ₹889 |
| 11 | ₹454 | ₹442 | ₹12 | ₹448 |
| 12 | ₹454 | ₹448 | ₹6 | ₹0 |
EMI calculator FAQ
The standard reducing-balance formula is used: EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1), where P is the amount, r the monthly rate and n the tenure in months. Interest is charged only on the outstanding balance, so each EMI shifts gradually from interest to principal.
At an illustrative 16% p.a. reducing rate, the EMI is about ₹454. With a 2% processing fee (₹100) plus ₹18 GST, the total repayable comes to roughly ₹5,562. Your lender's exact figures will differ with the offered rate.
One-time fees are annualised over just a few months, which inflates the percentage even when the rupee cost is modest. On short tenures, compare offers on the total repayable in rupees rather than the APR alone.
A longer tenure lowers the EMI but increases total interest, because interest accrues for longer. Use the calculator to find the shortest tenure whose EMI fits comfortably in your monthly budget.