If you want to take a 50000 Rupees Loan Urgently, then there are many banks that can give you a loan of ₹ 50000 urgently. But it will not happen that today you will apply for a loan and tomorrow you will get the loan payment. The loan process takes some time, 4 to 5 days or a week, under which you will have to wait a little and once all your documents are verified, then you can take the loan.
50000 Rupees Loan Urgently
There are some banks in India which can give you a loan of 50000 in a very short time and we are telling you about one such bank or finance service whose name is Bajaj Finserv, through which you can take a loan of 50000.
But to take a loan, you should know what documents will be required to take the loan, what will be the eligibility criteria, what will be the fees and charges and how to pay EMI, so let us tell you about all this information so that you can easily apply for your loan and get your loan amount in your bank account as soon as possible.
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Rs. 50,000 personal loan Features
- Documents : For a 50000 Rupees Loan Urgently, the required documents required by the bank need to be submitted to the bank so that your loan can be approved as soon as possible.
- Tenure : You can choose a time period of 96 months to repay the loan amount
- Personal Assets : With a loan amount of Rs. 50,000, your personal assets are safe. You don’t have to share any of your assets with the bank.
- Pre Approved Loan : If you are already a customer of Bajaj Finserv, then Bajaj Finserv also keeps offering free approved loan for the customers. So if you are a Bajaj Punjab customer, then definitely check the Pre approved loan offer.
- Track Loan : If you have a loan from Bajaj Finserv, you can track the EMI interest repayment time through the My Account portal.
- Approve Loan in 24 Hours : After applying for the loan amount and submitting all the required documents, you have to wait for 24 hours. The bank will approve your loan within 24 hours.
Eligibility for 50000 Rupees Loan Urgently
If you want to take a 50000 Rupees Loan Urgently, then the bank will give you a personal loan under this amount for which your eligibility should be as follows.
- You must be a citizen of India
- Your age should be between 21 years to 80 years
- Your CIBIL score should be more than 750
- Your monthly salary should be more than ₹22000
- You must be a salaried or business person.
- You need a minimum CIBIL Score of 685 is required for a Bajaj Finserv 50,000 Rupees Personal Loan.
Rs. 50,000 personal loan interest rate
Generally it is seen that the finance services charge interest rate of 10 to 15% on personal loans but the interest rate depends on the age, work and CIBIL score of the applicant. The bank or finance service charges you a fixed rate of interest for the loan amount, which depends on several factors such as:
- CIBIL Score: CIBIL score is such an important part for your loan that it decides what should be the interest rate of your loan and it is also ensured from CIBIL score whether you are eligible to take a loan or not. If your CIBIL score is good then the bank or finance service can give you a loan but if your CIBIL score is very bad then you may have trouble getting a loan.
- Salaried and Business : Before giving a 50000 Rupees Loan Urgently, the finance service knows whether you are a salaried person or a business person. If you are a salaried person, then the finance service will get information from you about where you work and for how many years you have been working, on the basis of which your loan interest will be corrected and if you are a business person, then your loan interest will also be decided on that basis.
- Monthly income: If the monthly salary of the applicant is as per the eligibility criteria of the finance service, then the finance service can offer you a loan at a better interest rate.
EMI on Rs 50000 loan (Approximate)
Tenure (Time) | Approximate EMI at 15% interest rate | Total Interest |
1 years | ₹4,513 | ₹ 4,155 |
2 year | ₹2,424 | ₹ 8,184 |
3 years | ₹1,733 | ₹ 12,398 |
5 years | ₹1,189 | ₹ 21,370 |
How To Apply for 50000 Rupees Loan Urgently
- To apply for a loan amount of Rs 50,000 urgently, you first have to visit the official website of Bajaj Finserv. https://www.bajajfinserv.in/50000-personal-loan
- After visiting the website, you have to click on the Apply Online button.
![How To Apply for 50000 Rupees Loan Urgently](https://91update.com/wp-content/uploads/2024/06/ScreenShot-Tool-20240614124550-1024x486.png)
- Now fill the amount of Rs 50000 in the form above and select the repayment time.
![How To Apply for 50000 Rupees Loan Urgently](https://91update.com/wp-content/uploads/2024/06/ScreenShot-Tool-20240614125003-1024x486.png)
- Now the application form will open in front of you where you have to enter your mobile number and verify it through OTP.
![How To Apply for 50000 Rupees Loan Urgently](https://91update.com/wp-content/uploads/2024/06/ScreenShot-Tool-20240614125048-1024x486.png)
- In the new section, you have to fill your income and job related details. And upload all the necessary documents.
- After completing all the process, submit the form.
FAQs
There are many finance facilities available which can give you a loan of 50000 instantly. But to get a loan, you have to fulfill some of their criteria like your age should be more than 18 years, you should be a tourist or a business person, your monthly salary should be more than 15000, your CIBIL score should be good.
Yes, there are some finance institutions that can give you a loan of 50000 with a paperless process. For this, you will have to complete the KYC process under which you will have to verify your Aadhaar card and PAN card and the finance service will give you the loan.
The minimum salary for taking a loan should be more than ₹15000. In some cases, it has been seen that it becomes easier for a person earning a salary of more than ₹20000 or ₹25000 to get a loan.
The interest rate depends on whether you are a salaried person or a working person, if you are a salaried person then what is your monthly salary, what is your age, whether your CIBIL score is good or bad, the finance service decides your interest rate by reviewing all these things, but generally speaking, the interest rate in a personal loan can be from 10 to 15%.