Personal Loan of Rs. 50000 - Check Interest Rates & other details

Q: How to get Rs 50,000 personal loan instantly?

To avail a personal loan of Rs 50,000 with quick disbursal, you should visit Paisabazaar and check for pre-approved personal loan offers from potential lenders. Next, you may check and compare from various loan products offered by top lenders and apply online to get instant personal loan.

Q: What is the interest rate for a Rs 50,000 personal loan?

Interest rate for Rs 50,000 personal loan starts from 10.50% p.a. However, some PSU banks may offer lower interest rates for Rs 50,000 personal loans.

Apply for a short term personal loan of Rs. 50,000 at Paisabazaar to meet your urgent financial needs. Get personal loan of Rs. 50,000 from leading banks and NBFCs at an interest rate starting from 10.50% p.a. onwards. It’s a small-ticket loan, which provides quick funds access to meet immediate financial needs. The loan amount can be used for various purposes, like buying smartphones, electronic products, planning vacations, paying bills, purchase of medical supplies, debt consolidation, home renovation, etc.

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Updated: 29-05-2025 13:16:16 PM

Personal Loan of Rs. 50,000 at Paisabazaar

At Paisabazaar, you can check, compare and apply for the best personal loan that suits your requirements at interest rates starting from 10.50% p.a. with flexible repayment options.

HDFC Bank

Max. Loan Amt.

Up to ₹40L

Rate of Interest

10.9% - 24%

Tenure up to

Upto 6 Years

Processing Fee

₹6,500

10 Second Disbursal* 100% Digital Process* Quick Disbursal

Axis Bank

Max. Loan Amt.

Up to ₹10L

Rate of Interest

10.49% - 22%

Tenure up to

Upto 6 Years

Processing Fee

Upto 2%

Low Processing fee

Kotak Mahindra Bank

Max. Loan Amt.

Up to ₹35L

Rate of Interest

10.99% - 16.9%

Tenure up to

Upto 6 Years

Processing Fee

Upto 5%

Lowest Income requirement 100% Digital Process*

IDFC FIRST Bank

Max. Loan Amt.

Up to ₹10L

Rate of Interest

10.7% - 23.99%

Tenure up to

Upto 5 Years

Processing Fee

Upto 2%

Max Loan Amount 100% Digital Process*

ICICI Bank

Max. Loan Amt.

Up to ₹50L

Rate of Interest

10.8% - 16.5%

Tenure up to

1-6 Years

Processing Fee

Upto 2%

100% Digital Process* Quick Disbursal

Why Choose Paisabazaar

End-to-End digital process
Pre-approved loan offers from top banks/NBFCs
Wide selection of loan products
Instant sanction and quick disbursal
Nil to minimum documentation
Access short-term personal loans from top lenders, including HDFC Bank, Axis Bank, ICICI Bank, Kotak Mahindra Bank, IDFC First Bank, Aditya Birla Capital, Federal Bank, Tata Capital, Hero Fincorp, etc.

Pre Approved Personal Loan offers available @ Paisabazaar

Lenders	Interest Rates (p.a.)
Aditya Birla Capital	12.99% onwards
Federal Bank	12.00% onwards
Axis Bank	14.00% onwards
SMFG India Credit	14.00% onwards
IndusInd Bank	15.00% onwards
Piramal Finance	16.00% onwards
Tata Capital	18.00% onwards
Hero Fincorp	20.00% onwards

EMI & Interest Breakdown for Rs 50,000 Personal Loan (1–5 Year Tenures)

Have a look at the EMI for a Rs 50,000 loan at 10.50% p.a. interest from 1 year to 5 years tenures:-

Tenure	Interest Rates (p.a.)	Loan Amount	EMI	Total Interest	Total Payable
1 year	10.50%	Rs 50,000	Rs 4407	Rs 2889	Rs 52889
2 years	10.50%	Rs 50,000	Rs 2319	Rs 5651	Rs 55651
3 years	10.50%	Rs 50,000	Rs 1625	Rs 8504	Rs 58504
4 years	10.50%	Rs 50,000	Rs 1280	Rs 11448	Rs 61448
5 years	10.50%	Rs 50,000	Rs 1075	Rs 14482	Rs 64482

Note: The exact personal loan EMI is determined by the lender and will be specified in the loan agreement based on the interest rate, loan amount, and loan tenure.

How to Apply for Personal Loan

Applying for Rs. 50,000 personal loan with Paisabazaar is quick and easy. By following these simple steps you can apply for personal loan:

Step 1: Visit the Paisabazaar’s official website or mobile app.

Step 2: Fill in your registered mobile number on the application form.

Step 3: Enter your basic personal details, such as full name, address, income, etc.

Step 4: Authenticate by entering the OTP, sent to your registered mobile number.

Step 5: Select the loan amount and purpose.

Step 6: After you have submitted all the required details, you can compare from all the available loan options from various lending banks and NBFCs.

Key Features & Benefits

Know the basic features and benefits of personal loan before applying.

Interest rate: 10.50% p.a. onwards
Loan Amount: Minimum Rs. 10,000 and above
Instant loan approval and quick disbursal
End-to-end digital process
Processing Fee: Up to 4% of the sanctioned loan amount
Repayment Tenure: Up to 5 years, may exceed as per requirements
Easy, quick and hassle-free documentation processes

Fees & Charges

Particulars	Charges
Loan Processing Fees	0.50% to 4% of the sanctioned loan amount
Loan Cancellation Charges	Rs. 3000 (Approx.) – As per lender
Penal Charges	Usually @ 2% per month; 24% p.a.
Prepayment/Part-prepayment/Foreclosure Charges	Nil – Floating Usually around 2% – 5% on the principal outstanding – Fixed
Documentation Charges	Depends on lender

Note: The above-mentioned fees and charges are basic in nature and shall vary from lender to lender.

Eligibility Criteria

Read on for the basic personal loan eligibility criteria considered by most of the personal loan lenders:

Age: 18 to 60 years
Credit Score: 750+ is usually preferred by lenders
Minimum Monthly Salary: Rs. 15,000
Work Experience: At least 1 year in current job

Documents Required

Find below the list of basic personal loan documents required by lending institutions when applying for a personal loan:

KYC of the applicant (Aadhaar card, Voter ID, Driving License)
Identity Proof: PAN card, Aadhaar card, Passport, Voter ID, Driving License
Address Proof: Voter ID, Passport, Aadhaar Card, Utility Bills
Income Documents: Last 3 months’ salary slips, last 6 months’ bank statement, Form 16
Proof of Employment: Employee ID card, Offer/Appointment letter

FAQs

How to get Rs 50,000 personal loan instantly?

To avail a personal loan of Rs 50,000 with instant approval and quick disbursal, you should visit Paisabazaar and check for pre-approved personal loan offers from potential lenders. Next, you may check and compare from various loan products offered by top lenders and apply online to get personal loan that suits you best.

What is the interest rate for a Rs 50,000 personal loan?

Interest rate for personal loan starts from 10.50% p.a. However, some PSU banks may offer lower interest rates for Rs 50,000 personal loans.

What is the processing time for Rs 50,000 personal loan?

Most banks or NBFCs disburse Rs 50,000 personal loan instantly or within 24 hours of approval, if lenders are convinced with your submitted documents after you clear the set eligibility criteria.

What is the EMI for 50,000 personal loan for 2 years?

The loan EMI for 50,000 amount for 2 years is Rs. 2319, while interest rate is kept at 10.50% p.a.

How to get a 50,000 personal loan on Aadhar card?

Lenders do not offer personal loans on the basis of Aadhar card. Lenders use Aadhar card as one of the KYC documents for identity and address proofs. The use of Aadhar number as KYC documents allows many lenders to offer quicker loan processing and approval.

Can I avail Rs 50,000 personal loan without documents?

Yes, you can avail personal loan of Rs 50,000 without submitting documents, if you are a pre-approved customer of a bank or NBFC. Either, you need to submit minimal documents proof related to your identity, address and income, if you maintain a strong relationship with your lending bank.