Personal Loan for 50000 Salary

Personal Loan on ₹50,000 Monthly Salary

Starting at 9.99%* per annum

Minimal Documentation | Quick Approval | 100% Digital Process

Poonawalla Fincorp’s Personal Loan on ₹50,000 monthly salary is specially designed for salaried individuals to help them meet their various financial goals. Right from home renovation, higher education, and international travel to debt consolidation and medical emergencies, these loans can be used for any legitimate purpose. Since these loans are unsecured, you don’t need to provide any collateral to secure the loan.

If you meet the eligibility criteria required for Personal Loan of up to ₹50,000 salary, you will be able to get a high loan amount of up to ₹30 Lakh at attractive interest rates. Our loan application process is seamless, and you can apply for a Personal Loan online from anywhere anytime. We ensure that the loan is quickly approved, and the loan amount is disbursed to your bank account promptly.

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At Poonawalla Fincorp, we offer a Personal Loan to individuals with a salary of up to ₹50,000 at an attractive interest rate to help them save on loan repayment expenses in the long run. Our Personal Loan interest rates start at 9.99%* p.a. for a loan tenure of up to 5 years. In addition to the competitive interest rates, we levy a minimal processing charge. We do not levy any hidden charges as we are transparent about the fees & charges that are applicable to a loan on ₹50,000 salary. If you will compare our interest rates and charges with other lending institutions in the market, you will find our interest rates and charges are among the most competitive in the market.

Personal Loan Interest Rates Starting from 9.99%* p.a. onwards
Loan Amount ₹1 Lakh to ₹30 Lakh
Loan Processing Fees Up to 2% plus applicable taxes
Lowest EMI per Month Starting from ₹2,124* per month for 60 months
Loan Tenure 12-60 months
Prepayment/Foreclosure Charges 0%* If paid from own sources
Late Payment Charges 2% per month
Cheque Bounce Charges ₹500 per bounce plus applicable taxes
Stamp Duty At actuals (as per state)
No Other Hidden Charges

At Poonawalla Fincorp, we understand the importance of calculating the EMI in advance as it helps you plan your loan repayment better. That is why we provide a free Personal Loan EMI calculator to our customers. This online automatic tool makes it easy for you to figure out the monthly instalments on your loan. To calculate your Personal Loan EMI, you just need to enter the loan amount, interest rate, and loan tenure, and your EMI is instantly displayed. Hence, the EMI for a Personal Loan on ₹50,000 monthly salary will depend on the loan amount, interest rate, and the chosen repayment tenure.

For example, if you opt for a ₹2 Lakh loan at a 9.99% interest rate for a tenure of 5 years, your loan EMI will be ₹4,248. Similarly, you can use Poonawalla Fincorp’s Personal Loan EMI calculator to know the EMI for different loan amounts and tenures.

The table below shows the EMI amount you will have to pay if you wish to opt for a Personal Loan on ₹50,000 salary for a tenure of 2, 3, 4, and 5 years.

Tenure     EMI (According to ₹2 Lakh Loan amount and 9.99% interest rate)
2 years ₹ 9,228/month
3 years ₹ 6,452/month
4 years ₹ 5,072/month
5 years ₹ 4,248/month

The eligibility criteria for a Poonawalla Fincorp Personal Loan on up to ₹50,000 salary are easy to fulfil. You just have to meet some basic eligibility requirements to avail of instant loan approval. Below are the eligibility criteria for Personal Loan for salaried individuals:

Age Requirement

Age

Citizenship Status

Citizenship

Employment Required

Employment

Work Experience logo

Work experience

Monthly Salary Required

Monthly income

  • Age- The minimum age of the applicant should be 24 years at the time of loan application and the maximum age should be 57 years.
  • Citizenship- The applicant must have Indian citizenship.
  • Employment- The applicant must have a full-time job at one of the following: Central Govt., PSU, MNC, Listed, Unlisted Public Ltd., Pvt. Ltd., LLP, or companies that are listed internally.
  • Work experience- The applicant must have a job experience of at least 1 years with a minimum of 1 months of stable employment at the current organization
  • Monthly income- The applicant must have a net monthly take-home salary of a minimum ₹40,000

We have kept our documentation requirements very minimal to make the loan application process smooth and seamless. You just need to provide the following documents to apply for a Personal Loan on a monthly salary of up to ₹50,000:

  • KYC Documents

    KYC documents

  • Income Proof

    Address proof

  • Address Proof

    Income documents

  • Proof of Employment

    Financial documents

  • Address Proof

    Employment proof

  • KYC documents - Aadhaar Card / PAN Card
  • Address proof - Rent agreement/passport/utility bills
  • Income documents - Latest salary slip
  • Financial documents - Salary account statement for the past 3 months
  • Employment proof - Employee ID card and official Email ID confirmation

Our Personal Loan for salaried individuals is loaded with salient features and benefits that make it an ideal choice in times of financial crisis. Following are the key features and benefits of a ₹50,000 Salary Personal Loan:

  • Minimal documentation

    Collateral-Free Loan

  • Online application process

    High Loan Amount

  • Collateral-free quick loans

    Attractive Interest Rates

  • No hidden charges

    Flexible Repayment Tenure

  • No penalties on foreclosure and prepayment

    Online Application Process

  • Instant disbursal

    Quick Loan Disbursal

  • Collateral-Free Loan: Personal Loans for salaried individuals are unsecured loans, so there is no need to provide any collateral as security to avail of a loan.
  • High Loan Amount: You can avail of a high loan amount of up to ₹30 Lakh to meet your various financial requirements without any restrictions.
  • Attractive Interest Rates: We offer a Personal Loan on a monthly salary of up to ₹50,000 at attractive interest rates as low as 9.99%* p.a. to lower your EMI burden.
  • Flexible Repayment Tenure: We offer a Personal loan with a flexible repayment tenure that ranges from 12 months to 60 months. You can choose the preferred loan tenure as per your repayment capacity.
  • Online Application Process: Our loan application process is fully digital. Hence, you can apply for a Personal online in just a few clicks from anywhere anytime.
  • Quick Loan Disbursal: We disburse Personal Loans within 24 hours of loan approval.

Applying for Poonawalla Fincorp’s Personal Loan on ₹50000 salary is very easy as our loan application process is fully digital. To apply for a loan, you just need to follow these simple steps:

  • Step 1: Visit our official website and go to the dedicated page for Personal Loans and click on the “Apply Now” button.
  • Step 2: Fill in the loan application with your details
  • Step 3: Upload all necessary documents
  • Step 4: Once you upload the documents, they will be verified by our loan expert
  • Step 5: On successful verification, your loan application will be approved
  • Step 6: The loan will be disbursed directly to your bank account
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Enter your DOB, qualification and residential details

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Can I get a Personal Loan on ₹50,000 salary?

Yes, you can get a Personal Loan on a monthly salary of up to ₹50,000 from Poonawalla Fincorp, provided you meet the eligibility criteria required to avail of a Personal Loan.

What is the maximum loan amount offered to an individual with a salary of ₹50000?

The maximum Personal Loan amount offered to you depends on many factors apart from your salary, such as your credit score, previous financial history, existence of proper documents, etc. Kindly check your loan eligibility here.

Is debt consolidation by availing a Personal Loan a good option?

Borrowing a Personal Loan for debt consolidation is only a good option when you opt for a loan at a low interest rate.

What is the maximum tenure available for a Personal Loan?

We offer a Personal loan with a flexible repayment tenure that ranges from 12 months to 60 months. You can choose the preferred loan tenure as per your repayment capability.

What do you need to get a Personal Loan on ₹50000 salary?

You only need to meet our eligibility criteria and submit the required documents to get a Personal Loan on a monthly salary of ₹50,000. To check our eligibility criteria and documents required for Personal Loans for Salaried Employees, you can click here.

How can I get a loan on ₹50000 salary with no credit?

If you are having trouble getting a Personal Loan without a credit score owing to not having any credit history, you can ask your immediate family, like your parents or your sibling, to act as guarantor for the loan. However, you will need to ensure that the person who acts as a guarantor has a good credit score.

What kind of credit do you need for a ₹50000 salary loan?

To get a Personal Loan on ₹50,000 salary, you must have a credit score of 700 and above. This will improve our chances of getting fast loan approval.

*Terms & Conditions Apply

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