Get a Personal Loan on ₹50,000 Monthly Salary
Fulfil your dreams and obligations on a salary of ₹50,000 per month. Poonawalla Fincorp offers an easy way to afford what you need without disrupting your monthly budget.
A Personal Loan can offer you hassle-free funds for medical bills, travel, education, wedding or almost anything on your expense list. You can secure funds easily without pledging collateral, making it the most suitable option for borrowers.
Apply now!
EMI Calculator for a Loan on ₹50,000 Monthly Salary
Check your monthly instalment with our easy-to-use Personal Loan EMI calculator. Just enter the loan amount, interest rate, and eligibility criteria. Try now!
Why Choose Poonawalla Fincorp
Collateral-free Loan
Competitive Interest Rate
Minimal Documentation
FlexibleEMIs
No End-use Restrictions
No HiddenCharges
Apply for a Personal Loan Online in Just 3 Steps
Click on “Apply Now”
Tap the “Apply Now”button to initiate your application.
Enter Details
Enter your DOB, PAN card number, monthly income, KYC details and residential details.
Upload Documents
Upload the necessary documents for quicker approval.
On successful verification, the loan amount will be disbursed into your bank account instantly.
To qualify for a Personal Loan on a 50K salary, you must satisfy some eligibility criteria. Our customer-centric criteria ensure a smooth sailing ride for you.
- Age: Applicants must be between 21 and 60 years of age.
- Citizenship: Must be a citizen of India.
- Employment: Full-time job with Central Govt, PSU, MNC, Listed/Unlisted Public Ltd, Pvt Ltd, LLP, or internally listed firms.
- Work Experience: Minimum 1 year of total work experience and at least 1 month with current employer.
- Monthly Income: Minimum ₹30,000
Applicants need to submit the following documents to complete the loan application:
- KYC Documents: PAN Card, Aadhaar Card, Driving License, Voter ID, Passport
- Current Address Proof: Passport, Utility Bills, and Rent Agreement.
- Income Documents: Latest Salary Slip (for the most recent month)
- Financial Documents Bank Statements (for the last 3 months)
- Employment Proof: Office Email ID Verification OR Office ID Card (if office email ID is not confirmed)
Providing accurate and complete documentation helps expedite the verification and approval process.
We offer loans at attractive interest rates and minimal charges:
i) If Foreclosure or Prepayment is done including balance transfer from another financial institution – 4 % on amount being prepaid plus applicable taxes.
2) After repayment of first six EMI:
i) If Foreclosure or Prepayment is done from own funds of the Borrower- Nil charges.
ii) If Foreclosure or Prepayment is done any other source including by balance transfer from another bank/financial institution- 4% on amount being prepaid plus applicable Taxes.
Default Charges: Penalty will be charged for nonpayment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.pdf
*T&C Apply
The primary factors that affect your ability to obtain a Personal Loan with a salary of ₹50,000 per month:
- Credit Score: A strong credit score significantly improves your chances of loan approval and helps you secure lower interest rates.
- Existing Financial Obligations: Ongoing EMIs or other liabilities can reduce your eligibility and limit the loan amount you can borrow.
- Income Stability: Stable and consistent income reassures lenders of your repayment capacity, positively influencing loan approval.
- Monthly Financial Commitments: Lenders evaluate your regular expenses against your income to assess whether you can comfortably manage additional loan repayments.
- Overall Financial Profile: Your overall financial health, including savings, repayment history, and debt-to-income ratio, plays an important role in determining approval.
- Wedding
- Higher education
- Medical emergencies
- Vacation
- Debt consolidation
- Home Renovation or Repairs
Individuals with a stable monthly income of ₹50,000 and a good credit profile can easily qualify for a Personal Loan:
- Salaried individuals
- Salaried doctors
- Salaried Chartered Accountant
- Salaried Company Secretary
- Salaried Employee at any MNC, PSU or the Central Government.
Following these simple tips can improve your chances of quick approval and favourable loan terms:
- Maintain a strong CIBIL score to demonstrate creditworthiness
- Regularly review your credit report and correct any inaccuracies
- Keep your debt-to-income ratio under control to ensure affordability
- Prepare all required documents in advance to avoid delays in processing
- Maintain a stable income and employment history to build lender confidence
- Apply for a realistic loan amount that comfortably fits your repayment capacity
Happy Customers, Happy Us
I opted for a Loan Against Property balance transfer with Poonawalla Fincorp, and the experience exceeded my expectations. The application process was completely digital, quick, and required minimal paperwork. Getting a significantly lower interest rate helped me reinvest in my business. With better financial flexibility, I was able to scale operations efficiently, leading to a 30% increase in business turnover. Poonawalla Fincorp made the entire journey stress-free, and I highly recommend their services to any business owner looking for smart financial solutions.
Poonawalla Fincorp’s Pre-owned Car Loan made the entire financing process effortless. The loan approval was quick, and the minimal documentation made it even more convenient. Within just a couple of days, the funds were disbursed, allowing me to purchase a well-maintained pre-owned vehicle without any hassle. The repayment options were flexible, and the entire experience was seamless. Thanks to Poonawalla Fincorp, I could get my car without any financial strain. Highly recommended!
Securing a loan to purchase a commercial property with rental income was crucial for my business. Having previously worked with Poonawalla Fincorp, I was confident in their services. The process was incredibly smooth and transparent. The quick disbursement and excellent post-sales support made the entire experience stress-free. Thanks to Poonawalla Fincorp, I now own a prime commercial property in Mumbai, which has significantly boosted my business. Their quick turnaround time and excellent post-sales support made all the difference. I wholeheartedly recommend them to anyone in need.
I had a great experience with Poonawalla Fincorp’s Pre-owned Car Loan. The offered loan amount was as per my expectations, and the entire process was smooth and hassle-free. The documentation was minimal, and the loan was disbursed in just two days! What stood out was the flexibility—repayment was easy, and the EMI structure was well-planned. The loan approval process was straightforward, making it convenient to get the car I wanted without any delays. Overall, the service was excellent, and I highly recommend Poonawalla Fincorp to anyone looking for an easy and quick loan process!
A friend in need, is a friend indeed. Poonawalla fincorp has been like one of those friends for me, who has supported me in my journey. With no hidden charges and no prepayment charges, the company has provided me with the adequate funds I needed for me professional practice. From the loan application process to the disbursal of funds, I did not face any problems. My experience was hassle-free and smooth. Not just me, all my fellow professionals and friends have had a wonderful experience with Poonawalla Fincorp’s Professional Loan.
I am practicing Chartered Accountant (CA) based out of Hubli. There were working capital issues that i was facing like upgrading my firm’s overall infrastructure, hiring well-qualified staff and digitization. Poonawalla fincorp hab been of great support when it comes to funding these requirements. I’ve got one of the best interest rates available in the market, my documentation process was fast & hassle-free. and the digital application process made it very simple to get a Professional Loan as a CA. I recommend to CAs to consider Poonawalla Fincorp for their working capital or any other funding requirements.
I run a chain of farmacy stores with 5 branches in pune. With the growing polpularity of home delivery, my customers were expecting the same from me as well. However, the extra capital requirement made it difficulf for me to hire delivery persons. With Poonawalla fincorp’s Business loan, I am now able to compete with online pharmacy retailers, manage working capital and upgrade my system. My customers have grown 50-60%. The loan applicatipn process is digital, simple and speedy. I was delighted to get my loan amount disbursed quickly, allowing me to upgrade my operationg seamlessly.
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personal loan09 Feb 2026| 4 min
Frequently Asked Questions
If you earn ₹50,000 per month, you may qualify for a Personal Loan as long as you meet the qualifications.
The loan amount you can qualify for will depend on several factors, including income, credit score, and your financial obligations.
No, this is an unsecured loan and does not require collateral.
You can select your repayment tenure based on your preference.
Yes, the higher your credit rating, the better the odds of loan approval.
Yes, self-employed individuals can also qualify for this loan if they meet the eligibility criteria.
You will receive your full loan amount within a few hours of your application being approved.
There are typically no restrictions on how you may use a Personal Loan.
You should aim for an EMI of about 30% to 40% of your monthly income to keep it manageable.
Yes, you can prepay your loan after paying a nominal prepayment charge.