Get a personal loan of ₹50,000 with interest rates starting from 9.99% p.a.
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Looking to get a personal loan of ₹50,000 to meet urgent requirements? On Bajaj Markets you can get a loan of ₹50,000 at interest rates starting from just 9.99% p.a. You can borrow the amount for tenures ranging from a few months to 8 years. If you wish to opt for a shorter tenure, consider getting a loan from lenders like Olyv, Zype, mPokket, and more. Meanwhile, if you want a longer tenure, consider lenders like Bajaj Finance, Privo, etc.
The following table provides a list of all lenders on Bajaj Markets that offer personal loans of ₹50,000:
Lender |
Starting Interest Rate |
Bajaj Finance |
10% p.a. |
CASHe |
2.79% p.m. |
Federal Bank |
11% p.a. |
Fibe |
14% p.a. |
Finnable |
15.95% p.a. |
InCred |
16% p.a. |
Kissht |
14% p.a. |
Kotak Mahindra Bank |
10.99% p.a. |
KreditBee |
14% p.a. |
L&T Finance |
12% p.a. |
moneyview |
16% p.a. |
Muthoot Finance |
14.50% p.a. |
Olyv |
18% p.a. |
PaySense |
15% p.a. |
SMFG India Credit |
12% p.a. |
Upwards |
18% p.a. |
Zype |
18% p.a. |
*Disclaimer: The rates mentioned are subject to change at the lender’s discretion. Check with your lender before making any financial decision.
The tenure you choose has a major impact on your loan EMIs. Checking and comparing the various options available before selecting an offer is important. Let's say you have taken a loan of ₹50,000 at an interest rate of 9.99% p.a. Here’s how the instalment amount changes based on the loan tenure:
Tenure |
EMI Amount |
Total Interest Payable |
Total Repayment Cost |
1 year (12 months) |
₹4,395.56 |
₹2,746.74 |
₹52,746.74 |
2 years (24 months) |
₹2,307.02 |
₹5,368.37 |
₹55,368.37 |
3 years (36 months) |
₹1,613.12 |
₹8,072.49 |
₹58,072.49 |
4 years (48 months) |
₹1,267.89 |
₹10,858.68 |
₹60,858.68 |
5 years (60 months) |
₹1,062.11 |
₹13,726.37 |
₹63,726.37 |
6 years (72 months) |
₹926.04 |
₹16,674.86 |
₹66,674.86 |
7 years (84 months) |
₹829.80 |
₹19,703.27 |
₹69,703.27 |
8 years (96 months) |
₹758.44 |
₹22,810.59 |
₹72,810.59 |
*Note: These are approximate values and are meant only for illustration. For actual EMI values, reach out to your lender.
As seen in the above example, as the tenure extends, the EMI amount reduces. On the other hand, there is a significant rise in the loan's interest charges. This leads to a major increase in the total loan repayment cost. So, choose a tenure that enables you to balance EMI affordability and the aggregate cost of the loan. Select a tenure after considering your financial situation and preferences.
Ensure that you fulfil the criteria listed below before applying for a personal loan of ₹50,000:
You should be an Indian citizen
You should be either self-employed or salaried
You should be at least 21 years old
You must have a CIBIL score of at least 750
You should have a stable source of income
Furthermore, you may have to furnish the following documents when applying:
Proof of Identity: Any one of the following
Aadhaar card
PAN card
Passport
Voter ID
Driving licence
Address Proof: Anyone of the following
Aadhaar card
Voter ID
Passport
Telephone or electricity bill
Driving licence
Proof of Income: Any one of the following
Bank statement
Salary slips of at least 3 months
2 passport-size photographs
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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
How can I get a loan of ₹50,000?
You can get a personal loan of ₹50,000 on Bajaj Markets through a simple online application process and fulfilling the eligibility criteria.
What is the EMI on a personal loan of ₹50,000?
Your EMI will vary depending on the principal amount, interest rate and repayment tenure. Assuming that the interest rate is 9.99% p.a., the EMI may range between ₹4,395.56 and ₹758.44 as discussed above.
What is the interest rate levied on a personal loan of ₹50,000?
You can get the loan at interest rates starting from 9.99% p.a. on Bajaj Markets. The rate offered to you may differ depending on your loan eligibility and the lender’s policies.
What are the eligibility criteria for a personal loan of ₹50,000?
You must be an Indian national who is above 21 years of age. You should have a CIBIL score of 750 or more to be eligible for the loan. Also, you must either be a self-employed person or a salaried professional working with a company of repute. You should earn a minimum of ₹25,000 a month in order to qualify for a personal loan of ₹50,000.
Can I get a personal loan of ₹50,000 without any collateral?
Yes. As personal loans are collateral-free, you can get a personal loan of ₹50,000 without offering any of your valuables as security.
