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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.
There is no need to pledge any asset to secure a Personal Loan of ₹50,000. The funds are sanctioned based on your eligibility parameters—that’s all!
Choose a repayment tenure of 84 months to ensure affordable EMIs for easy repayments. This makes the ₹50,000 Personal Loan pocket-friendly.
With a fixed interest rate, you can figure out your EMIs and plan your budget for hassle-free repayments.
Get the funds transferred to your account within 24 hours of applying for the loan.
Adding a co-applicant to the ₹50,000 Personal Loan can increase your eligibility. You can also get a higher loan amount to meet different needs.
Find out the interest payable on the Personal Loan of ₹50,000 to plan your repayments effectively.
Find out if you are eligible to apply for a ₹50,000 Personal Loan
Are you eligible for a ₹50,000 Personal Loan? Check whether you meet the criteria.
* A higher age limit is applicable at the time of loan maturity.
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. |
Your estimated EMI amount
₹ 0Total Interest
₹ 0Total Payout
₹ 0You are eligible for a loan of
₹ 0*EMI @ 9% Interest Rate
₹ 0*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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Hear from our happy customers what they have to say about their experience with us.
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.