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Aditya Birla Capital LimitedAditya Birla Capital Limited (“ABCL”) is a listed systemically important non-deposit taking Non-Banking Financial Company (NBFC) and the holding company of the financial services businesses. ABCL and its subsidiaries/JVs provides a comprehensive suite of financial solutions across Loans, Investments, Insurance, and Payments to serve the diverse needs of customers across their lifecycles. Powered by over 66,000 employees, the businesses of ABCL have a nationwide reach with over 1,742 branches and more than 200,000 agents/channel partners along with several bank partners.
Nationwide Branches
1,742
No. of Employees
66,000
Agents/Channel Partners
2,00,000+
Aggregate Assets
INR 6 Lakh Cr
Consolidated Lending Book
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What is a Personal Loan of ₹50,000?
A personal loan of ₹50,000 is an unsecured loan that helps individuals meet their immediate financial needs without requiring collateral. Whether it's for medical emergencies, home repairs, education, or a short-term cash crunch, this loan offers quick access to funds with minimal documentation. With flexible repayment tenures and competitive interest rates, a ₹50,000 personal loan is an ideal solution for salaried and self-employed individuals. Borrowers can choose repayment options that suit their financial capabilities, ensuring a hassle-free borrowing experience.
Features of a Personal Loan of ₹50,000
Quick Loan Disbursal
Get the loan amount credited to your account within 24 to 48 hours after approval.
Minimal Documentation
Submit basic documents such as identity proof, address proof, and income proof for hassle-free processing.
Flexible Repayment Tenure
Choose a repayment period ranging from 6 months to 5 years, based on your convenience.
No Collateral Required
Being an unsecured loan, there is no need to pledge any assets.
Affordable Interest Rates
Competitive rates ensure manageable EMIs.
Online Application
Apply from the comfort of your home with a completely digital process.
Interest Rates Available for
Personal Loans of ₹50,000
Interest rates for a personal loan of ₹50,000 vary based on factors such as the applicant's credit score, income, and lender policies. Typically, the interest rates range from 10% to 24% per annum, depending on the borrower's profile and repayment capability. Some lenders also offer lower interest rates for existing customers with a good repayment history.
Loans up to 12 months| Loan Type | Interest |
|---|---|
| The Short Term Reference Rate (STRR) | 19.45% p.a. w.e.f.from March 1, 2024 |
Loans more than 12 months| Loan Type | Interest |
|---|---|
| The Long Term Reference Rate (LTRR) | 20.45% p.a. w.e.f. from March 1, 2024 |
How to Apply for a Personal Loan of ₹50,000?
Visit the ABCD Website/App
Log in or sign up on Aditya Birla Capital Digital’s official platform
Check Loan Eligibility
Enter basic details to verify eligibility and available offers.
Complete the Application
Fill out the loan form with personal and income details.
Upload Required Documents
Submit digital copies of ID proof, income proof, and bank statements.
Loan Approval & Disbursement
Once verified, receive loan approval and get funds credited instantly to your account.
Eligibility Criteria for Personal Loans of ₹50,000
Documents Required for Personal Loans of ₹2 Lakh
- Identity Proof : Aadhaar card, PAN card, passport, or voter ID.
- Address Proof : Utility bill, Aadhaar card, or Rent agreement
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Income Proof : Salaried- Latest salary slips (last 3 months), bank statements, and Form 16
Self-Employed - ITR (last 2 years), profit & loss statement, and GST certificate - Photographs : Recent passport-sized photos.
Eligibility Criteria for Personal Loans of ₹50,000
- Age : Applicants should be between 21 and 60 years old.
- Employment Type : Both salaried and self-employed individuals are eligible.
- Minimum Monthly Income : Salaried individuals should earn at least ₹15,000 per month; self-employed individuals must have a stable income.
- Credit Score : A credit score of 650 or above improves the chances of approval.
- Work Experience : Salaried applicants should have at least 6 months of employment history, while self-employed applicants should have a business operational for at least 1 year.
Fees and Charges for Personal Loans of ₹50,000
| Charge Type | Amount |
|---|---|
| Cheque Return charges | ₹500 + GST per instance |
| Default Penal charges | 3% of the pending amount per month |
| Charges for cancellation of Loan | 4% of loan amount disbursed + applicable taxes |
| CIBIL report retrieval fees | ₹100 + GST per instance |
| Charge for Exchanging PDCs / ECS | ₹750 + GST per instance |
| Loan reschedule charges | ₹5000 + GST per instance |
| Stamp Duty | As per Actual if applicable |
| Insurance Premium | As per Actual, if applicable |
| Pre-closure Quote | ₹1000 + GST per instance |
| Any other charges | As per Actual, if applicable |
| Part - Pre-Payment Charges | Charges:
A) Nil Charges - If Part prepayment is equal to 20% of the total disbursed amount in a year B) 3% + GST on Remaining Loan amount - If part payment is greater than 20% of the total disbursed Conditions: A) No pre-payment is allowed in the first 6 months from the date of disbursement B) Part Pre-Payment amount should be equal to OR greater than a total of 3 EMIs. C) Part-prepayment is allowed only once in the first year of loan tenure. |
| Foreclosure Charges |
4% of the Principal outstanding amount + GST
Condition: Foreclosure is allowed only after 12 months from the date of loan disbursal. |
ABC Of Calculators
Your estimated EMI amount
₹ 0Total Interest
₹ 0Total Payout
₹ 0You are eligible for a loan of
₹ 0*EMI @ 9% Interest Rate
₹ 0*
PORTFOLIO CONSOLIDATOR
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Different financial needs, different loans, one app - ABCD
For weddings, travel, vehicle purchases, or any other obligation, fulfil any need with personal finance solutions offered by the ABCD app.
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Range of loan options for different needs
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Quick sanctions and disbursals
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Customer Satisfaction Stories
Hear from our happy customers what they have to say about their experience with us.
Aditya Birla Finance Customer
Seamless onboarding experience and great support provided by the Relationship Manager during the documentation process.
Aditya Birla Housing Finance Customer
Hyderabad, India
Aditya Birla Finance Customer
I appreciate the online documentation process which helped in ease of my loan process. I could get loan information through WhatsApp and other digital platforms.
Aditya Birla Housing Finance Customer
Belapur, India
FAQs on Personal Loans of ₹50,000
Yes, you can apply for a ₹50,000 Personal Loan if you have existing loans or debts. However, the existing debts might reduce your maximum loan amount. So, use the loan eligibility calculator and determine the maximum amount you are eligible for.
Yes, you can apply for a ₹50,000 Personal Loan with a co-applicant. When you add a co-applicant, your overall loan eligibility increases, and you might get a lower interest rate on the loan.
Yes, you can negotiate the terms and conditions of the ₹50,000 Personal Loan with your lender. You can negotiate a competitive interest rate and a favourable repayment tenure.
You can decrease the EMI of the ₹50,000 Personal Loan by increasing the repayment tenure. Plus, if you have a good credit score, you can get a lower interest rate on the loan, reducing the EMI.
The maximum age to apply for a ₹50,000 Personal Loan is 60. Thus, a senior citizen of 65 cannot apply for the loan.
You can try to find the cause of the loan rejection. If the rejection is due to incomplete documentation, you can submit the relevant documents to get the loan sanctioned. However, if the application is rejected because of a lack of eligibility, you can increase your eligibility and apply for the loan again.
You can apply for a ₹50,000 Personal Loan if you are a first-time borrower without a credit history. However, you should fulfil the specified eligibility criteria to get the loan sanctioned.
The maximum tenure of the ₹50,000 Personal Loan is 84 months.
The loan is unsecured and does not require any collateral security.
There is no specified minimum monthly income to apply for the loan. You should have a steady source of income to qualify.
You will need other documents besides the Aadhaar Card to get a ₹50,000 Personal Loan. Check the documents required and submit them to get the loan sanctioned.
No, you cannot avail of a ₹50,000 Personal Loan without documents. You will have to submit the specified documents for loan sanction. These documents include your identity proof, age proof, address proof, KYC documents, income proof, etc.
A PAN Card is not mandatory for a Personal Loan of ₹50,000. You can submit other documents that fulfil the loan documentation and get the funds sanctioned.
Aditya Birla Capital quickly processes the ₹50,000 Personal Loan and sanctions the funds within hours.
Yes, self-employed applicants can get an online ₹50,000 Personal Loan if they fulfil the specified eligibility criteria and submit the required documents.