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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.

Interest Rates for a Personal Loan of ₹50,000

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

11% p.a.

CASHe

27% p.a.

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

15% p.a.

L&T Finance

12% p.a.

moneyview

15.96% p.a.

Muthoot Finance

14.50% p.a.

Olyv

18% p.a.

PaySense

14% 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.

Calculate EMI for ₹50,000 Personal Loan

Loan Amount
Tenure
Months
Rate of Interest
Personal Loan
Your Monthly Personal Loan EMI
Principal Amount
Total Interest
Total Amount Payable
Amortization Schedule
Download Amortization Schedule Download
Expand Amortization Schedule
Year EMI Principal Interest Balance

EMI for a Personal Loan of ₹50,000 Over Varying Tenures

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

12 months

₹4,395.56

₹2,746.74

₹52,746.74

24 months

₹2,307.02

₹5,368.37

₹55,368.37

36 months

₹1,613.12

₹8,072.49

₹58,072.49

48 months

₹1,267.89

₹10,858.68

₹60,858.68

60 months

₹1,062.11

₹13,726.37

₹63,726.37

72 months

₹926.04

₹16,674.86

₹66,674.86

84 months

₹829.80

₹19,703.27

₹69,703.27

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.

Eligibility Criteria and Documents Required for a Personal Loan of ₹50,000

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

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

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.

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