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₹50 Lakh Personal Loan

Borrow a high amount of up to ₹50 Lakhs personal loan on Bajaj Markets, and fulfil your aspirations.

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 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
₹ 50,00,000
Total Payable Amount
₹ 53,44,972
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 multiple 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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Overview

You can secure a personal loan of ₹50 Lakhs to fund major expenses without affecting your long-term savings. Whether you need financing for medical treatment, home renovation, higher education, or business expansion, this loan provides convenient funding without the need for collateral. 

For example, when you select a ₹50 Lakh personal loan at 10% p.a. with a tenure of 3 years, your approximate EMI comes to around ₹1,61,335. Over the full loan term, the total interest payable amounts to approximately ₹8,08,093, bringing the total repayment to ₹58,08,093. 

Opting for a 5 year tenure can reduce your EMIs. For a ₹50 Lakh personal loan at 10% p.a., EMI will be approximately ₹1,06,235. Total interest payable in this case will be around ₹13,74,113, bringing the total repayment to about ₹63,74,113.

Compare ₹50 Lakhs Personal Loan Interest Rates by Various Banks & NBFCs

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. Loan Amount

Min. Interest Rate 

Max. Tenure

Processing Fee

Bajaj Finance

₹55 Lakhs

10% p.a.

96 Months

Up to 3.93% of the loan amount + taxes (if applicable)

YES BANK

₹50 Lakhs

12.50% p.a.

72 months 

1.15% to 2.75% of the loan amount

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

₹50 Lakh Personal Loan EMI for Different Tenures

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. Here is a breakdown of the EMI and repayment details for varying loan tenures:

Tenure

EMI Amount

Interest Rate

Total Interest Payable

Total Repayment Cost

₹50 Lakhs Loan for 1 Year 

₹4,45,414

12.50% p.a.

₹3,44,971

₹53,44,971

₹50 Lakhs Loan for 3 Years 

₹1,67,268

12.50% p.a.

₹10,21,652

₹60,21,652

₹50 Lakhs Loan for 5 Years 

₹1,12,489

12.50% p.a.

₹17,49,381

₹67,49,381

₹50 Lakhs Loan for 6 Years 

₹99,055

12.50% p.a.

₹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.

₹50 Lakh Personal Loan: Fees and Charges

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 4% of the principal amount  

Part-payment Charges

Up to 25% of the amount

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

How to Calculate Your Personal Loan EMI

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 ₹2,36,536. The total interest paid will amount to ₹6,76,876, and the total repayment will be ₹56,76,876.

Eligibility & Documents for a Personal Loan of ₹50 Lakhs

If you are planning to apply for a personal loan of ₹50 lakhs, here are the eligibility conditions you need to fulfil:

  • You must be an Indian citizen

  • Both salaried and self-employed individuals are eligible

  • You should be 18 years or above

  • Should have a monthly income of at least ₹10,000

  • A minimum of 1 year of continuous work experience is required

  • A CIBIL score of 600 or above is typically needed for approval

 

Here is a list of documents you may need to submit when applying for a ₹50 Lakh personal loan:

Identity Proof (any one of the following):

  • PAN Card

  • Aadhaar Card

  • Voter ID

  • Passport

  • Driving Licence

Address Proof (any one of the following):

  • Aadhaar Card

  • Voter ID

  • Passport

  • Driving Licence

  • Electricity Bill

  • Telephone Bill

Income Proof (any one of the following):

  • Bank statements

  • Salary slips for the last 3 months

How to Apply for a ₹50 Lakh Personal Loan

Once you checked the eligibility criteria and have all documents, follow these steps to apply. 

  • Click on ‘Apply for a personal loan’

  • Fill the application form with personal details 

  • Choose a loan amount and repayment tenure 

  • Submit the form for review

After submitting the application, wait for the representative to contact you regarding the next steps. As soon as you complete the steps, your loan will get disbursed shortly.

Amortisation Table for a Personal Loan of ₹50 Lakhs

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.

Impact of Pre and Post-Personal Loan Approval on CIBIL Score

Personal loans can impact your CIBIL score and financial standing before and post loan approval. Here is how:

  • Pre-Approval Impact

When you apply for a personal loan, the lender conducts a credit report check. It is known as a hard inquiry, and it 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.

Uses of a ₹50 Lakh Personal Loan

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 a financial burden. 

  • Education

A ₹50 Lakh 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 second-hand vehicle. It ensures financial stability by preserving personal savings.

Other Instant Personal Loan Options

Disclaimer

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.

Frequently Asked Questions

50 Lakh Personal Loan
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:

  1. Click on ‘Apply for a personal loan’

  2. Enter the required details

  3. Select your preferred lender from the list provided

  4. Enter the required loan amount and tenure

  5. 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.

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 12.50% p.a* on Bajaj Markets. Choose from several leading lenders offering high-value loans with flexible tenures and quick processing.

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