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Need ₹50,000 Loan urgently? An instant personal loan of ₹50,000 can help you to take care of those expenses that arrive out of the blue. Some of the highlighting features of a personal loan of ₹50,000 are that its eligibility criteria is rather straightforward, it can be availed at a low interest rate, and has a flexible loan repayment tenure.

Purpose of a ₹50,000 Personal Loan

A personal loan of ₹50,000 can come to your rescue on various occasions. If you need to take that much needed vacation, buy that mobile phone you have always had your eye on or even take care of those medical expenses that you were not anticipating, you can apply for a ₹50,000 personal loan and get one instantly. All of this implies that the personal loan of ₹50,000 that you will apply for can be used for practically anything.

Interest Rates for ₹50,000 Personal Loan

The starting interest rates at which the lending partners of Bajaj Markets are willing to give you a personal loan are as follows:

Lending Partner Name

Interest Rate Range



30% p.a. Onwards

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14% p.a. Onwards

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15.95% p.a. Onwards

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IIFL Finance

18% p.a. Onwards

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21% p.a. Onwards

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15% p.a. Onwards

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Kotak Mahindra Bank

10.99% p.a. Onwards

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L&T Finance

11% p.a. Onwards

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16% p.a. Onwards

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24% p.a. Onwards

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Muthoot Finance

14.50% p.a. Onwards

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PaySense Partners

14% p.a. Onwards

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9.99% p.a. Onwards

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1.5% p.m. Onwards

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SMFG India Credit

12% p.a. Onwards

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1.5% p.m. Onwards

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10.99% p.a. Onwards

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Disclaimer: The rates mentioned above are subject to constant change. You must always check with the lender before applying. Additionally, the final interest rate applicable to you will depend on factors such as your repayment tenure, your age, your monthly income, and your CIBIL score.

Can I Get a ₹50,000 Loan Without Income Proof?

If you fulfil the eligibility criteria for a ₹50,000 personal loan, you can avail it without providing any income proof and with no security and no collateral. All you need is to be a self-employed or a salaried employee and your age should be within the range of 21 to 60 years. Another important criteria for you to avail ₹50,000 loan with no security and no collateral is that your CIBIL score should be 750 or above. Once the lender is satisfied that you fulfil all the eligibility criteria and all your documentation is in place, an income proof is not a requisite for a ₹50,000 loan. 

Eligibility Criteria for ₹50,000 Personal Loan

The eligibility criteria that you must meet in order to avail a ₹50,000 personal loan is as follows:

Eligibility Criteria




Nature of Employment

Self-Employed or a Salaried Individual working with a public/private firm of repute.


At least 21 years of age, and not beyond the age of 60


You must earn a minimum of ₹25,000 a month to be able to get the loan. However, the income criteria can vary from region to region.

Credit Score

750 or above

50000 Personal Loan EMI for Tenures of 1-5 Years

Loan amount (Rs)


Interest rate

EMI (Rs)





















Use Bajaj Market’s online personal loan EMI calculator for checking your EMI for Rs 50,000 personal loan.

How to Apply for a Personal Loan of ₹50,000?

You will need to follow the below-mentioned procedure to apply for a ₹50,000 personal loan:

  • First, help yourself to the ‘Apply Now’ option of the ‘Personal Loan’ section, and then fill up the application form that will appear on your screen with your professional and personal details.

  • Then, choose the loan amount that you want from the lending partner (subject to personal loan eligibility) and then choose the loan repayment tenure of your choice.

  • Next, submit all the documents required with the application form. These documents will have to be submitted for verification purposes.

  • Once your loan application is approved and your documents have been verified, the lender will credit the amount in your bank account within 24 hours.

Personal loan

Documents Required for ₹50,000 Personal Loan

You will need to furnish the following set of documents to get a personal loan:

Document Type

Acceptable Documents

Proof of Identity

Aadhaar/PAN card, passport, Voter’s ID, driving licence

Residence Proof

Aadhaar card, Voter’s ID, passport, electricity bill, driving licence or telephone bill

Proof of Income

Bank statement/Salary slips going back 3 months


2 passport size photographs

FAQs on 50000 Personal loan

How can I get a ₹50,000 loan ?

You can avail a personal loan of ₹50,000 through Bajaj Markets. All you will need to do is follow a handful of simple steps to do so. If you meet the eligibility criteria and your loan application is approved, the lender will credit the amount into your bank within 24 hours.

What is the EMI on a ₹50,000 personal loan?

Assuming that the interest rate on your ₹50,000 personal loan is 15% per annum and your repayment tenure is 3 years, your equated monthly instalment will be ₹1,419. But keep in mind that your EMI outflow will vary depending upon your principal amount, your interest rate and your repayment tenure.

What is the interest rate levied on a ₹50,000 personal loan?

The interest rate levied on your ₹50,000 personal loan can be anywhere between 10.49% p.a. to 33% p.a. The interest rate applicable to you will depend on your principal amount, repayment tenure, your CIBIL score and your personal loan repayment capability.

What is the eligibility criteria for a ₹50,000 personal loan?

You must be an Indian national who is above 21 years of age and with a CIBIL score of 750 or more to be eligible for a ₹50,000 personal loan. Additionally, you must either be a self-employed person or a salaried professional working with a company of repute and earn a minimum of ₹25,000 a month in order to qualify for a ₹50,000 personal loan.

Can I get a personal loan of ₹50,000 without any collateral?

Yes. As personal loans are collateral-free, you can avail a ₹50,000 personal loan without offering any of your valuable possessions as security.

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