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A personal loan of 50 lakh can help your fund all your big-ticket expenses, including higher education, big budget wedding, foreign vacation, etc. Get the best personal loan offers at Paisabazaar with interest rates starting from 9.99% p.a.
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Voucher on disbursalCheck Personal Loan Offers Online
Customer Rating
2839 Reviews
Wide Choice
Curated offers from 30+ lenders
Quick Disbursal
Money in your account instantly
SmartMatch
Offers ranked according to eligibility
Digital Process
Hassle-free & paperless
Compare & Choose the Best Offer
Pre-approved Offers with Instant Disbursals
Know Your Chances of Approval
End-to-End Digital Process
Get up to ₹40 Lakh in 5 Simple Steps
Step 1: Enter your mobile number in the application form
Step 2: Provide your personal details
Step 3: Enter OTP to verify your mobile number
Step 4: Select the loan purpose and loan amount
Step 5: Compare offers and apply for the best-suited loan
Interest rate of Rs. 50 lakh personal loan starts from 9.99% p.a. However, the final interest rate on your loan will depend on various factors, including your credit score, loan tenure, employment profile, income stability, existing financial obligations and more.
Tip: A credit score of 800+ can fetch you lower interest rates.
To qualify for a Rs. 50 lakh loan, most banks and NBFCs generally require the following criteria:
Check your personal loan eligibility online on Paisabazaar.
The table below entails the commonly required personal loan documents:
| Category | Salaried Applicants | Self-employed / Non-Professionals |
|---|---|---|
| Identity Proof | Any one of these: Passport, Voter ID, Driving Licence, Aadhaar, or PAN Card | Any one of these: Passport, Voter ID, Driving Licence, Aadhaar, or PAN Card |
| Address Proof | Aadhaar, Voter ID, Passport, or latest Utility Bill | Aadhaar, Voter ID, Passport, or latest Utility Bill |
| Income Proof | Salary slips, Form 16, or Bank account statements | Previous year’s ITR, Profit & Loss Account, Balance Sheet, and Bank account statements |
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| Particulars | Applicable Charges |
|---|---|
| Loan Processing Fee | Between 0.5% and 4% of the loan amount |
| Prepayment / Foreclosure | Floating Rate Loans – No charges Fixed Rate Loans – Usually 2% to 5% of the outstanding principal |
| Loan Cancellation | Generally around ₹3,000 |
| Stamp Duty | As per applicable state laws |
| Legal Charges | Based on actuals |
| Penal Interest | About 2% per month (24% annually) |
| EMI / Cheque Bounce | Approximately ₹400 per bounce |
Also read: Personal Loan for Wedding
Here’s a sample EMI calculation for a loan of Rs. 50 lakh:
| Tenure | 9.99% | 12% | 14% |
|---|---|---|---|
| 1 year | Rs. 4,39,556 | Rs. 4,44,244 | Rs. 4,48,936 |
| 2 years | Rs. 2,30,702 | Rs. 2,35,367 | Rs. 2,40,064 |
| 3 years | Rs. 1,61,312 | Rs. 1,66,072 | Rs. 1,70,888 |
| 4 years | Rs. 1,26,789 | Rs. 1,31,669 | Rs. 1,36,632 |
| 5 years | Rs. 1,06,211 | Rs. 1,11,222 | Rs. 1,16,341 |
Use Paisabazaar’s easy personal loan EMI Calculator to plan better.
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Paisabazaar has partnered with top lenders in the country to bring the best personal loan offers for you. At Paisabazaar, you get multiple benefits, including:
To apply for a Rs. 50 lakh personal loan online, follow the given steps below:
Get up to ₹40 Lakh in 5 Simple Steps
Step 1: Enter your mobile number in the application form
Step 2: Provide your personal details
Step 3: Enter OTP to verify your mobile number
Step 4: Select the loan purpose and loan amount
Step 5: Compare offers and apply for the best-suited loan
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Last updated: 5 September, 2025
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