Rs 50,000 Personal Loan

The interest rate for Rs 50,000 personal loan starts from 9.98% p.a. However, some PSU banks may offer lower interest rates depending on the applicant’s credit profile and the lender’s policies.

Most banks disburse Rs 50,000 personal loan within 24 hours of approval.

Lenders use the Aadhaar Card as one of the KYC documents for identity and address proofs. The use of the Aadhaar Card as a KYC document allows many lenders to offer quicker loan processing and approval. However, applicants should note that even if one submits their Aadhaar Card as a KYC document, the lender would still approve their personal loan application based on the other documents submitted (like salary slips, bank statements) and credit profile.

You can avail personal loan of Rs 50,000 without submitting documents to lenders with whom you have an existing banking relationship, as they already have your documents. As many lenders have also implemented end-to-end digital processing of personal loan applications, their loan applicants may not have to submit hard copies of the required documents. All they have to do is upload the documents online during the loan application process.

To avail a personal loan of Rs 50,000 with quick disbursal, you should first check for pre-approved personal loan offers from lenders you already have an existing relationship. Next, you should visit Paisabazaar for end-to-end digital processing of loan applications and thereby, most lenders can offer personal loans with quick disbursal.