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Rs 50,000 Personal Loan

Home Personal Loan Personal Loan of Rs. 50,000

Apply for a short term personal loan of Rs. 50,000 at Paisabazaar to meet your urgent or unexpected financial needs. Banks and NBFCs offer personal loans at an interest rate of 10.50% p.a. onwards based on the applicant’s age, income, creditworthiness and repayment capacity. It’s a small-ticket personal loan, which acts as a quick monetary help to fulfil immediate financial needs. It 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: 15-04-2025 05:20:23 AM

Personal Loan of Rs. 50,000 at Paisabazaar

At Paisabazaar, you can check, compare and apply for the best personal loan products from almost all the lending institutions.

Know Why to 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 loan offers from top lenders, including HDFC bank, Axis Bank, ICICI Bank, Kotak Mahindra Bank, IDFC First, Aditya Birla Finance and many more.

Pre Approved Personal Loan offers available @ Paisabazaar

LendersInterest Rates (p.a.)
Aditya Birla Capital12.99% onwards
Federal Bank12.00% onwards
Axis Bank14.00% onwards
SMFG India Credit14.00% onwards
IndusInd Bank15.00% onwards
Piramal Finance16.00% onwards
Tata Capital18.00% onwards
Hero Fincorp20.00% 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
  • 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 Stability: Atleast 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 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.

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.

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 from lenders with whom you have an existing banking relationship as they already have your documents. Applicants just need to upload the required documents online during the loan application process.

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