₹50000 Personal Loan - EMIs Starting as loan as @11% p.a.

Get a Personal Loan for ₹ 50,000

Are you saying "I need a 50,000 rupees loan urgently" to handle unexpected expenses or achieve your goals? We offer a ₹ 50,000 Personal Loan that provides quick and easy funding. Whether you need to cover medical bills, education fees, home renovations, or any other urgent financial requirement, our ₹ 50,000 Personal Loan is designed to meet your needs without any hassle.

Why Opt for a ₹ 50,000 Personal Loan?

Choosing a ₹ 50,000 Personal Loan comes with several benefits:

1. Address urgent financial needs quickly

2. Manageable EMIs make repayment easier

3. Versatile usage for various personal expenses

4. Flexible tenure options to suit your budget

5. Quick approval ensures you get funds when you need them most
A ₹ 50,000 Personal Loan provides the financial flexibility you need to handle emergencies and make important life decisions without stress.

Key Features and Benefits of a ₹ 50,000 Personal Loan

1. Quick Approval:

Get your loan approved swiftly to meet your urgent financial needs.

2. Competitive Interest Rates:

Enjoy lower interest rates, making your loan more affordable.

3. Flexible Tenure:

Choose a repayment period that fits your financial situation.

4. No Collateral Required:

Secure your loan without the need for any collateral.

5. Minimal Documentation:

Simplified paperwork makes the application process hassle-free.

These features ensure you receive the best MSME benefits and benefits of MSME registration, enhancing your overall financial stability.

Eligibility Criteria for ₹ 50,000 Personal Loan

Type	Criteria
Residency	Indian resident
Age requirement	21 years to 58 years
Profession	Salaried or self-employed individuals

Documents Required for ₹ 50,000 Personal Loan

Document Type	Required Document & Checks
Identity Proof	Passport \| PAN Card \| Driver License \| Voter ID \| Aadhaar Card
Address Proof	Utility bill of any service provider not more than 2 months old (Electricity, Telephone, Post-paid Mobile Phone, Piped Gas, Water Bill) \| Passport \| Voter ID Card \| Driving License
Income Proof	Income proofs vary for different professionals across salaried and self employed.

Please find the easy detailed list of required documents here

Type	Document
Salaried	Last 3 month's salary slips / Form 16 / Last 3 month's bank statement reflecting salary credits / Salary Certificate
Self Employed	Latest Income Tax Return (ITR)
Bank Statement	Last 3 month's statement is mandatory
Residence Ownership Proof	Not mandatory

Interest Rates & Charges for ₹ 50,000 Personal Loan

Type	Interest Rate and Charges
Loan Processing Fees (non-refundable):	Upto 3%* of Loan Amount + applicable taxes
EMI Dishonour/ Bounce Charges:	As shown in the table below
*A bounce charge is a charge for (i) dishonour of any repayment instrument; or (ii) non-payment of instalment(s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate
Sanctioned Loan Amount	Charges
< ₹ 5 Lakh	₹ 500
₹ 5 Lakh - ₹ 30 Lakh	₹ 1000
Late Payment Charges (LPC)/ Penal Charges:	2% (p.m.) on EMI overdue + applicable taxes
	*LPC revised from 3% to 2% per month on overdue EMI w.e.f. 4th Dec'23
	*Taxes applicable on LPC w.e.f. 1st Apr'24
Part Payment Charges:	Up to 5% of pre-paid amount + applicable taxes
Foreclosure Charges:	5% of POS (Principal Outstanding) + applicable taxes
Legal/ Recovery Charges:	As per actuals
Duplicate NOC Charges:	First 3 paper copies - free of cost
Duplicate NOC Charges:	From 4th Paper copy - ₹250 + applicable taxes
Repayment Swap charges (per swap):	₹500 + applicable taxes (applicable only for branch walk-ins)
Loan Cancellation Charge:	Nil - for 3 days from date of disbursal
Loan Cancellation Charge:	From 4th day - 5%+ applicable taxes (on the outstanding loan amount)
Document Charges:	Nil for Statement of Account (SOA), Repayment Schedule, Foreclosure Letter, Welcome Kit
Annual Maintainance Charges (AMC):	Nil

*Terms & Conditions Apply. All actual charges will be as per Key Fact Statement (KFS) shared by the company.

₹ 50,000 Personal Loan EMI for Different Tenures

Tenure (Years)	EMI (₹)	Interest Rate (p.a.)	Loan Amount (₹)
1	4,419	11%	50,000
2	2,330	11%	50,000
3	1,637	11%	50,000
4	1,292	11%	50,000
5	1,087	11%	50,000

How to Use an EMI Calculator for ₹ 50,000 Personal Loan

Input the Loan Amount: Enter ₹ 50,000 as the loan amount.

1. Enter the Interest Rate:

Input the applicable interest rate.

2. Select the Loan Tenure:

Choose the repayment period that suits you.

3. Adjust the Tenure:

Change the tenure to see how your EMI varies.

4. Review the Results:

Check the total repayment amount and your monthly EMI to plan your budget effectively.

Our EMI Calculator helps you make informed decisions about your ₹ 50,000 Personal Loan, ensuring that you choose the best option for your financial needs.