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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.
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1,742
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66,000
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2,00,000+
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INR 6 Lakh Cr
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What is a ₹50,000 Personal Loan?
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.
Reasons To Get a Personal Loan of ₹50,000 from Aditya Birla Capital
Collateral-free
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!
Flexible Repayment Period
Choose a repayment tenure of 84 months to ensure affordable EMIs for easy repayments. This makes the ₹50,000 Personal Loan pocket-friendly.
Predictable EMIs
With a fixed interest rate, you can figure out your EMIs and plan your budget for hassle-free repayments.
Quick Sanctions
Get the funds transferred to your account within 24 hours of applying for the loan.
Facility to add a co-applicant
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.
Eligibility Criteria for a ₹50,000 Personal Loan
Documents Required for a ₹50,000 Personal Loan
- Identity Proof: Aadhaar Card, PAN Card, Passport
- Address Proof: Voter ID, Utility bill, Driving license.
- Income Proof: Salary slips for the last 3 months
- Bank Statement: Last 3 months for financial verification
For Salaried Individuals
- KYC Documents: PAN Card, Aadhaar Card, Passport
- Business Proof: GST certificate, Business registration proof
- Income Proof: ITR for the last 2 years
- Bank Statement: Last 3 months for financial verification
For Self-Employed Individuals
Eligibility Criteria for a ₹50,000 Personal Loan
- Minimum Age: 21 years
- Maximum Age: 60 years
Age Requirement
- Salaried Individuals: Minimum monthly income of ₹15,000
- Self-Employed: Minimum annual turnover of ₹2 lakh with at least 2 years of business continuity
Income Criteria
- Available for salaried professionals, self-employed individuals, and freelancers.
Employment Type
- A credit score of 700+ increases approval chances and ensures better loan terms.
Credit Score Requirement
How to Apply for a ₹50,000 Personal Loan?
Apply Online
Visit the lender’s website and fill out the loan application form.
Upload Documents
Submit KYC, income proof, and other required documents digitally.
Quick Approval
Get a loan decision within minutes.
Receive Funds
Once approved, the ₹60,000 loan is credited directly to your bank account.
Revision of Reference Rates for determining Interest Rates on loans given
ABCL has increased its Long-Term Reference Rate (LTRR) by 20 bps to 20.45% p.a. with effect from March 1, 2024. The interest rate on the floating rate loans of tenor greater than 12 months that are linked to the LTRR will be revised upwards by 20 bps. The spread / margin on the said loans will remain unchanged.
ABCL has increased its Short-Term Reference Rate (STRR) by 20 bps to 19.45% p.a. with effect from March 1, 2024. The interest rate on the floating rate loans of tenor up to 12 months that are linked to the STRR will be revised upwards by 20 bps. The spread / margin on the said loans will remain unchanged.
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. |
Tools
Balance Transfer
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Reduced Interest Rates -
Lower Monthly Payments
Top-Up
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Comprehensive coverage
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Affordable with low premiums
Instant Personal Loan INSTANT PERSONAL LOAN SHORT TERM PERSONAL LOAN LONG TERM PERSONAL LOAN
Customer Satisfaction Stories
Hear from our happy customers what they have to say about their experience with us.
Mr. Hiralkumar Ashokbhai Patel
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
Mr. Pramod Kumar Saini
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.
ABC Of Personal Loans
Call 1800 270 7000 OR write to us at care.finance@adityabirlacapital.com.
For more details, to know your personal loan eligibility, access the product brochure or to set a meeting with our relationship manager.
The information presented on this page is intended solely for general informational purposes and does not constitute financial, investment, or professional advice. This content has not been authored by, nor does it represent an official communication from, Aditya Birla Capital Digital Limited. It is compiled from publicly available secondary sources, which may be subject to change without prior notice. Readers are strongly advised to conduct their own independent research and seek guidance from licensed financial advisors before making any investment decisions. All investments carry inherent risks, including the potential loss of principal. Past performance is not indicative of future results.