Do you need 50000 rupees loan urgently? Get an instant “₹50000 personal loan” to meet your financial needs like emergency medical expenses, electricity bill payment, car or bike repair, school or college fees, travel, etc. A personal loan of 50000 is available to you with low interest rates, flexible tenure, 100% digital application, and easy repayment options.
The ₹50000 loan application process takes 15 minutes, followed by a 7-minute approval period. Once approved, funds will be transferred to your account within 24 hours. So don’t panic about emergency expenses, get a personal loan of 50000, and live your life to the fullest. Apply online today!
Contents
- 1 Why Choose a 50000 Personal Loan?
- 2 ₹50000 Personal Loan EMI for up to 5 Years
- 3 Eligibility Criteria for a Personal Loan of 50000
- 4 How to Apply for a 50000 Personal Loan for Urgent Needs?
- 5 Top Lenders offering Personal Loan of 50000 in India
- 6 Things to Consider Before Applying for a Personal Loan of 50000
Why Choose a 50000 Personal Loan?
Over 60% of personal loans in India are taken in emergencies. Your medical bills, wedding expenses, and small business needs are emergencies and cannot be avoided. Hence, lenders provide faster services to customers and offer benefits like quick approvals and disbursements, understanding their emergencies.
100% Digital Application Process: Get a personal loan of 50000 with a 100% digital application process that will take you only 15 minutes, with no physical documents required. You can apply for this loan online using basic documents like PAN, Aadhaar card, and bank statement.
Instant Approval: If you need 50000 rupees loan urgently, you can get instant approval from trusted lenders by meeting the eligibility criteria.
Funds in 24 hours: Apply for a Rs 50000 instant personal loan and meet emergency expenses by getting funds in your bank account in just 24 hours without any delay.
No hidden charges: Trusted loan apps are registered with the RBI. They follow all the rules and regulations of the RBI, so they inform the borrower about all types of charges, terms, and conditions.
Flexible Tenure: Make your monthly payments easier by choosing a repayment tenure of up to 60 months. You can find out the tenure and EMI amount that suits you best by using the loan calculator.
No collateral required: An Urgent personal loan of ₹50000 falls under the unsecured loan category and does not require collateral, reducing the risk of loss of property.
₹50000 Personal Loan EMI for up to 5 Years
Here is the approximate EMI for a ₹50000 personal loan at an interest rate of 10.49% per annum for a tenure of 6 months to 5 years, along with a chart for easy reference.
EMI chart for a loan of ₹50,000 at 10.49% per annum
| Tenure (Months) | EMI (₹) | Total Interest (₹) | Total Payment (₹) |
| 6 | 8,586 | 1,516 | 51,516 |
| 12 | 4,405 | 2,860 | 52,860 |
| 24 | 2,316 | 5,584 | 55,584 |
| 36 | 1,624 | 8,464 | 58,464 |
| 48 | 1,278 | 11,344 | 61,344 |
| 60 | 1,074 | 14,440 | 64,440 |
Eligibility Criteria for a Personal Loan of 50000
I need 50000 rupees loan urgently. To meet this need, you should understand the loan eligibility criteria, which help determine how much loan you can receive.
| Age | The age of the applicant should be between 21 to 58 years. |
| Citizenship | Must be an Indian citizen. |
| Monthly Income | He must have a source of monthly income. (Minimum Monthly Income ₹15000+) |
| CIBIL Score for personal loan | The credit score must be 720 or above. |
| Employment | Only salaried and self-employed individuals can apply for this loan. |
| Work Experience | You will have to remain employed for at least 2 to 3 years. |
Documents Required for an Instant 50000 Loan
Applying for a ₹50000 Personal Loan is easy and requires minimal documentation. You can apply for this loan by submitting some necessary documents.
| Identity Proof | PAN and Aadhar Card |
| Address Proof | Aadhar Card, Passport, Voter ID Card |
| One Selfie (Photograph) | Take a selfie on the loan app during the KYC process. |
| Income Proof | Income Proof: Salary Slip, Latest 6 Months Bank Statement, etc. |
How to Apply for a 50000 Personal Loan for Urgent Needs?
Need 50000 rupees loan urgently? Don’t worry — personal loan apps make it super easy to get the money you need, right when you need it. Just follow these quick steps, and you could have the amount in your bank account within minutes.
- Download a Trusted Loan App: Head over to the Google Play Store or Apple App Store and download a trusted loan app of your choice.
- Sign Up or Log In: Open the app and create your account using your mobile number. Verify it through a quick OTP (one-time password) — it only takes a few seconds.
- Fill Out the Loan Application: Now, enter your PAN number and other basic details like your job info and monthly income. Approval can be obtained in less than 7 minutes.
- Complete KYC: Complete a real-time selfie-based verification and Aadhaar-linked mobile OTP to get your loan limit.
- Select Loan Amount and Tenure: Choose a loan amount of ₹50000 and a repayment term convenient to you between 6 to 60 months.
- Get the Money in Your Bank: Once approved, the loan amount is directly credited to your bank account — Within 24 hours, no hassle.
Top Lenders offering Personal Loan of 50000 in India
Many lenders are offering a ₹50000 Personal Loan at reasonable interest rates, flexible tenures, and easy repayment options. If you need an instant personal loan, you can compare lenders’ interest rates, processing fees, RBI registration, and several other factors.
| Lenders Name | Interest Rate | Tenure |
| Poonawalla Fincorp | Starting from 16% p.a. | 6 to 36 months |
| Ring Power Loan | 28% to 32% p.a. | 6 to 36 months |
| MoneyView Personal Loan | Starting from 16% p.a. | Up to 60 months |
| KreditBee Personal Loan | 15% to 29.95% p.a. | 8 to 36 months |
| Indus Easy Credit Personal Loan | Starting from 10.49% p.a. | 12 to 48 months |
| Zype Personal Loan | 18% to 39% p.a. | 6 to 12 months |
| HDFC Bank Personal Loan | 10.75% to 24% p.a. | 12 to 60 months |
| IDFC FIRSTmoney Smart Loan | Starting from 14% p.a. | 6 to 60 months |
Things to Consider Before Applying for a Personal Loan of 50000
Before applying for a loan, you need to pay attention to some things that will help you in making the right decision, as the loan has a direct impact on your financial budget.
Purpose of the Loan: Understand why you need 50000 rupees loan urgently, and also see if this amount meets your requirements. Make sure the loan is not used for unnecessary expenses so that it does not become a burden on your monthly budget.
Interest Rate: Make sure that the interest rate charged by the lender is reasonable, which will make it easier for you to repay the loan EMIs and have less impact on your budget.
Credit Score: Your credit score affects loan approval and interest rates. A good credit score of 700+ helps you get higher loan amounts, lower interest rates, faster approval, and longer tenure. Check your score beforehand and consider improving it if needed.
Income and Debt-to-Income Ratio: Lenders check your repayment capacity based on your income. A DTI below 36% is ideal; above 43% may limit approval. A low DTI ratio is essential for quicker approval, a higher loan amount and a lower interest rate.
Lender reputation and requirements: Before taking a loan from any lender, verify if it is RBI-registered, has good customer service, and offers loans even on low credit scores, etc. You need to be cautious of fraudulent loan applications that can spoil your credit and land you in trouble.
FAQs on ₹50000 Personal Loan
How can I get a personal loan of 50000 instantly?
If you want to get an instant ₹50,000 personal loan, you can do so through trusted loan apps and banks. You’ll need some important documents like PAN, Aadhaar card, and bank statement. You can submit the application form in 15 minutes and get approval in just 7 minutes, after which the funds will be transferred to your bank account within 24 hours.
Can I get a loan if I say, “I need 50000 rupees loan urgently”?
Yes, first you have to choose an RBI-registered lender who can give you an instant personal loan of Rs 50,000. Then you have to meet the loan eligibility criteria and document requirements of that lender. If you do this, then you can get an instant personal loan.
Can I get a 50000 loan without a salary slip?
Yes, it is possible to apply for an Instant 50000 loan without a salary slip on trusted loan apps. Most people don’t have employment slips, so they can submit bank statements or income tax returns to show their repayment capacity.
What is the credit score required for a Rs 50,000 loan?
For a ₹50,000 loan from trusted loan apps, a credit score above 750 is considered good. A high credit score indicates reliable financial behaviour, which can help you get better loan terms. Applicants with lower scores can also apply, but this may increase interest rates.
