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What is a Personal Loan of ₹50,000?
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
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
-
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
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₹ 0*EMI @ 9% Interest Rate
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PORTFOLIO CONSOLIDATOR
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STOCKS AND SECURITIES
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Different financial needs, different loans,
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
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
ABC Of Personal Loans of ₹50,000