Loan Amount
Up to ₹50 Lakh
Interest Rate
Starting at 9.99%* p.a.
Loan Tenure
12-84 Months

Get a Personal Loan on ₹50,000 Salary

Meet your financial requirements with a Personal Loan on ₹ 50,000 monthly salary. Whether you need funds for emergencies, home improvements, or any other expenses, get complete flexibility with our loans. Avail a high loan amount of up to ₹50 Lakh at competitive interest rates with flexible repayment tenure and no hidden charges. Apply now!

Why Choose Poonawalla Fincorp

Collateral-free
Loan
Competitive Interest Rate
Minimal
Documentation
Flexible
EMIs
No End-use Restrictions
No Hidden
Charges

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!

Optimise Your Personal Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹100000
Interest Payable
₹5,493

Loan Amount

Rupees one lakh

Interest Rate

%
9.99 %
30 %

Tenure

Months
12Months
84Months

Apply for a Personal Loan in Just 3 Steps

Step1

Click on “Apply Now”

Tap the “Apply Now”button to initiate your application.

Step2

Enter Details

Enter your DOB, PAN card number, monthly income, and residential details.

Step3

Upload Documents

Upload the necessary documents for quicker approval.

On successful verification, the loan amount will be disbursed into your bank account instantly.

Get exclusive offers thoughtfully customised just for you

Eligibility Criteria for a Personal Loan on ₹50,000 Monthly Salary

Meet our simple and straightforward eligibility criteria to qualify:

  • Age: Between 21 and 60 years.
  • Citizenship: Indian.
  • Employment: Full-time employment with a private or public limited company.
  • Work Experience: Minimum 1 year, with 1 month in the current company.
  • Monthly Income: Minimum of ₹30,000.

Documents Required for Personal Loan With ₹50,000 Salary

Submit just a few essential documents:

  • KYC Documents: PAN Card, Aadhaar Card, Voter ID, Driving License, or Passport.
  • Address Proof: Utility Bills, Passport or Rent Agreement.
  • Income Documents: Recent salary slips for the last 3 months.
  • Financial Statements: Bank statements for the last 3 months.
  • Employment Proof: Official email ID or employee ID card. 

Interest Rates and Charges for a Loan on ₹50,000 Salary

We offer loans at attractive interest rates and minimal charges:

Interest Rate
9.99%* p.a. onwards
Loan Amount
₹1 Lakh to ₹50 Lakh
Loan Processing Fees
Up to 3% plus applicable taxes
Lowest EMI Per Month
Starting from ₹2,124* per Lakh for 60 months
Loan Tenure
12 – 84 months
Prepayment/Foreclosure Charges
0% if paid from own sources
4% if paid from other sources
Default Charges
24% p.a. + taxes
Repayment Instrument Dishonour Charges
₹500 per bounce plus applicable taxes
Stamp Duty
At actuals (as per state)
Hidden Charges
Nil

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

Different Uses of a Personal Loan

  • Wedding
  • Higher education
  • Medical emergencies
  • Vacation
  • Debt consolidation

Who Can Get a Personal Loan on ₹50,000 Salary

  • Salaried individuals
  • Salaried doctors
  • Salaried Chartered Account
  • Salaried Company Secretary
  • Salaried Employee at any MNC, PSU or the Central Government.

Tips for a Successful Personal Loan Application

  • Have a strong CIBIL score
  • Review and improve credit report
  • Manage debt-to-income ratio
  • Keep documents ready in advance

Get Funds Quickly With
Minimal
Documentation

1

Click 'Apply Now' Fill out the online form to start your loan application.

2

Upload Documents Provide your KYC documents to complete the verification.

3

Get Funds Get the loan amount
disbursed to your bank account.

Happy Customers, Happy Us

Get exclusive access to simplified
Personal Finance
Information at
Poonawalla Fincorp’s FinHub

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Frequently Asked Questions

What is the maximum duration for a Personal Loan?

Poonawalla Fincorp offers personal loans with flexible tenures ranging from 12 to 84 months. You can select the tenure that best suits your ability to repay.

What credit score is considered ideal for a ₹50000 salary loan?

A credit score of 750 or above is considered decent or ideal for getting a Personal Loan. The higher the score, the better the chances of loan approval.

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

Yes, repaying your debts using your personal loan funds can be a good option if you can secure a Personal Loan at attractive interest rates.