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Personal Loan of ₹50 Lakhs

Borrow a high amount of up to ₹50 Lakhs personal loan on Bajaj Markets, and fulfil your aspirations. Get competitive interest rates starting from just 12.50% p.a. Additionally, you have the option to repay the loan at your convenience over a period of up to 72 months.

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You can apply for a ₹50 Lakh loan quite easily through the completely digital process offered on the platform, ensuring that you save time and effort. Use the personal loan EMI calculator on this platform to evaluate EMIs across various tenures and pick the duration that best fits your needs.

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Your Personal Loan EMI
₹ 445,414
Total Interest Amount
₹ 344,972
Principal Amount
₹ 5,000,000
Total Payable Amount
₹ 5,344,972
Loan Amount i
Interest Rate
- +
Min value reached
Max value reached
Tenure
Months drop-down-img
  • Years
- +
Min value reached
Max value reached
Instant Approval

You can also make instant comparisons between loan offers from over 20 personal loan providers on Bajaj Markets.

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You can also evaluate the total interest amount and overall payable amount for better financial planning and budgeting.

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For high-value financial needs, get a personal loan through Bajaj Markets. You can get the amount at minimum interest rates with flexible repayment tenures.

Lender

Max. Tenure

Min. Interest Rate 

YES BANK

72 months 

12.50% p.a.

Disclaimer: The above-mentioned details are subject to change at the lender’s discretion.

When you take a personal loan of ₹50 Lakhs at an interest rate of 12.50% p.a., your EMI and total repayment amount will depend on the loan tenure you choose. Here's a breakdown of the EMI and repayment details for varying loan tenures:

Tenure

EMI Amount

Total Interest Payable

Total Repayment Cost

1 Year (12 Months)

₹4,45,414

₹3,44,972

₹53,44,972

3 Years (36 Months)

₹1,67,268

₹10,21,653

₹60,21,653

5 Years (60 Months)

₹1,12,490

₹17,49,381

₹67,49,381

6 Years (72 Months)

₹99,056

₹21,32,024

₹71,32,024

Disclaimer: Note that these are approximate values and are meant only for illustration. For actual EMI values, reach out to your lender.

There are additional charges you may need to pay along with the EMI and interest rate. The details are provided below.

Fees and Charges

Details

Processing Fees

Up to 2.75% of the loan amount 

Foreclosure Charges

Up to 6% of the amount  

Part-payment Charges

Up to 25% of the amount

Disclaimer: The above-mentioned details are subject to change at the lender’s discretion.

Here is how you can calculate your Personal Loan EMI:

EMI = [P x R x (1+R)^N] / [(1+R)^N-1]

Where:

  • P = Loan amount

  • R = Monthly interest rate (Annual interest rate/12/100)

  • N = Loan tenure in months

To calculate it manually, assume the loan amount is ₹50 Lakhs with an interest rate of 12.50% per annum for 24 months. The EMI will be ₹2,36,53. The total interest paid will amount to ₹6,76,877, and the total repayment will be ₹56,76,877.

Suppose you take a loan of ₹50 Lakhs at an interest rate of 12.50% and a tenure of 6 months. Here is the amortisation breakdown:

Month

Payable Amount

Principal

Interest

Balance

Month 1

₹ 8,63,978

₹ 8,11,894

₹ 52,083

₹ 41,88,106

Month 2

₹ 8,63,978

₹ 8,20,352

₹ 43,626

₹ 33,67,754

Month 3

₹ 8,63,978

₹ 8,28,897

₹ 35,081

₹ 25,38,857

Month 4

₹ 8,63,978

₹ 8,37,531

₹ 26,446

₹ 17,01,326

Month 5

₹ 8,63,978

₹ 8,46,255

₹ 17,722

₹ 8,55,071

Month 6

₹ 8,63,978

₹ 8,55,071

₹ 8,907

₹ 0

Disclaimer: These are approximate values and are meant for illustration only. For actual EMI values, reach out to the lender.

Personal loans can impact your CIBIL score and financial standing. Here is how:

  • Pre-Approval Impact

When you apply for a personal loan, the lender conducts a credit report check, known as a hard inquiry. This can slightly reduce your CIBIL score for a brief period.

  • Post-repayment Impact

Repaying the loan promptly can enhance your credit score. It demonstrates your responsible approach to debt management, improving your creditworthiness over time.

A personal loan of ₹50 Lakhs can be used for various financial needs. It provides the necessary funds to achieve significant personal or professional goals. Below are common purposes:

  • Home Renovation or Purchase

This loan helps in renovating an existing home or purchasing a new one. It ensures financial flexibility for essential upgrades or property acquisition.

  • Medical Expenses

It covers major medical treatments, surgeries, and emergencies. This ensures access to necessary healthcare without financial burden.

  • Education

A ₹50 Lakhs loan can support higher education or skill development. It covers tuition fees, study materials, and other related expenses.

  • Starting or Expanding a Business

Entrepreneurs can use this loan to start or grow their businesses. It helps in funding equipment, inventory, and operational costs.

  • Debt Consolidation

This loan helps combine multiple high-interest debts into a single repayment. It simplifies financial management and reduces overall interest costs.

  • Wedding Expenses

Managing wedding expenses becomes easier with this loan. It covers venue costs, catering, and other essential arrangements.

  • Travel and Vacations

A personal loan can finance domestic or international travel. It helps cover flights, accommodation, and other trip-related expenses.

  • Vehicle Purchase

This loan enables the purchase of a new or used vehicle. It ensures financial stability by preserving personal savings.

Frequently Asked Questions

How can I get an instant ₹50 Lakh personal loan?

You can easily get a ₹50 Lakh personal loan on Bajaj Markets by following these simple steps:

  • Click on ‘APPLY NOW’ on this page

  • Enter your professional and personal details

  • Select your preferred lender from the list provided

  • Enter the required loan amount and tenure

  • Verify details and apply

The EMI for a ₹50 Lakh personal loan varies based on the loan tenure you choose. The amount will be lower if you opt for a longer tenure, as the total will be spread out over a longer period, and higher if you choose a shorter tenure.

The interest rate charged on a personal loan of ₹50 Lakhs available on Bajaj Markets starts from 12.50% p.a. However, the rate offered to you will vary depending on your loan eligibility and the lender’s policies.

Yes, you can get a collateral-free loan for ₹50 Lakhs easily on Bajaj Markets.

Generally, the lenders charge a penalty fee if you default on payments. Delaying or defaulting on loan EMI payments adversely affects your credit score. There is a high chance that such a habit, if repeated, may risk your chances of getting a loan approved in the future.

The processing time of the loan can take a few days. It is dependent on your loan eligibility and whether you have submitted all the documents as requested. Additionally, the lender takes some extra time to verify the details you provide at the time of application.

If you need ₹50 Lakhs, follow these steps to get a quick personal loan:

  1. Visit Bajaj Markets and check your eligibility

  2. Choose a lender from the available options

  3. Select the loan amount and tenure

  4. Verify details and apply

  5. A representative will contact you for further processing

To secure a ₹50 Lakh personal loan, you need a CIBIL score of at least 700. A higher score signifies better creditworthiness, which enhances your chances of loan approval.

You can explore personal loans of up to ₹50 Lakhs with competitive interest rates starting from around 9.99% p.a* on Bajaj Markets. Choose from several leading lenders offering high-value loans with flexible tenures and quick processing.

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