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  • 50000 Personal Loan

Personal Loan of Rs 50000

Never let your financial circumstances hinder your dream. Get an instant personal loan of Rs. 50000 for all your short-term needs with low interest rates. Your loan approval depends on the eligibility criteria where you can access pre-approved offers and minimal paperworks.

To avoid more paperworks and minimal verifications, you can prefer an online loan application of Rs. 50000. Get to know the eligibility criteria for acquiring yours.

By clicking above, you agree to the Terms and Conditions.

Features & Benifits

Instant Loan offer in 3 mins
24-hour disbursal
No collateral required
Loan upto 10 Lakhs
Paperless process
Attractive interest rates

Eligibility Criteria for Rs. 50000 Personal Loan:

Anyone who meets the requirements can apply online for any type of personal loan. For instant ₹50,000 Personal Loan, your eligibility depends on 6 main factors.

  • Age: Typically 21-60 years, but may vary by lender.
  • Income: Steady source of income, starting Rs. 25,000/- often with a minimum monthly salary requirement.
  • Credit Score: A good credit history of 600-700 may improve approval chances to get a loan at low interest rates.

If the score is below 600, the chance of approval for your loan will be lesser.

  • Employment: Stable job, with a minimum work experience.
  • Documents: Proof of identity, address, income, and bank statements.
  • Existing Loans: Lenders may consider your existing debts. You can have numerous debts that won’t be a concern until the EMI payments are paid within the due dates.

Meeting these criteria increases your chances of qualifying for a ₹50,000 personal loan.

Documents Required for 50000 Personal Loan

To apply for a personal loan of Rs. 50000, you need to submit the required document for further processing and verifications.

Document type

Salaried Person

Non- Salaried person

Identity proof

Adhar card, Passport, driver license, pan card and voter ID

Adhar card, Passport, pan card and voter ID

Address proof

Utility bills(electricity,water, gas), rental agreement, passport (if not already used as identity proof)

Utility bills (electricity, water, gas) in your name, rental agreement, passport (if not already used as identity proof)

Income proof

Salary slips for the last 2 months, Form 16, income tax returns, bank statements for the last few months

Income tax returns, Bank statements for the last few months

Employment proof

Employment certificate 

Business registration documents (if you are self-employed)

Credit score report

Your credit score report from a credit bureau

Your credit score report from a credit bureau

Photographs

Passport-size photographs

Passport-size photographs

Personal Loan Eligibility Calculator for Rs. 50000 Loan

Want to apply for a personal loan at Housing.com? Use our Personal Loan Eligibility Calculator to check your loan eligibility by following these simple steps.

  • Visit Housing.com website
  • Select “Personal loan” under the Housing Edge section
  • Swipe down the page to find the “Eligibility Calculator” option
  • Enter all the details (monthly salary, tenure, rate of interest) to check your personal loan eligibility

Purpose of a 50000 Rupee Personal Loan:

Like any small personal loan, a Rs. 50,000 personal loan can serve various purposes. It depends on your financial needs and circumstances. It could be the best option to rescue you from emergency expenses, education, travel, celebration or special occasions, medical expenses and debt consolidation. Make sure to assess your ability to repay the loan and consider other financial options before taking on debt.

Always borrow responsibly and within your means.

For that, this could be a great opportunity.

FAQ's

Can I get a ₹50000 loan without collateral?

Yes, you can get a ₹50000 loan without collateral, depending on your creditworthiness and the lender's policies. If your credit score meets the eligibility, it will increase your loan approval possibilities with an easy EMI schedule.
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How can I get a ₹50000 personal loan without documents?

If you're considering applying for a personal loan, lenders usually prefer documents for verification. However, you can prefer online lending platforms which provide you a loan with minimal documentation without visiting a lender. You will get this accessibility by being a long term patron in a financial institution, having a high credit score and so on.
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Do I need collateral to get a ₹50000 loan? Where Can I Get A Loan Of ₹50000?

You don't need collateral for a ₹50000 personal loan. You can get such loans from online lenders, banks, credit unions based on the eligibility and required documentation.
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PL Tips & Guide

Things to consider before using a personal loan for home loan down paymentThings to consider before using a personal loan for home loan down payment
Banks issue only up to 90% of the property value as home loan and the remaining 10%, plus additional expenses, has to be borne by the buyer. Will a personal loan help to bridge this gap?
Sunita Mishra13 Mar '23
Using a personal loan to clear overdue payments: All you need to knowUsing a personal loan to clear overdue payments: All you need to know
If you are applying for a personal loan, it is important to understand overdue payments and how a personal loan can be used to clear overdue payments.
Housing News Desk07 Jun '22
Home loan vs personal loan: Which one should you choose?Home loan vs personal loan: Which one should you choose?
Consumers are shifting to personal loans increasingly, because banks are becoming more generous with them. What works best for you in the long run? Let us find out
Housing News Desk18 Oct '21

Articles

What is the minimum CIBIL score required for personal loan?What is the minimum CIBIL score required for personal loan?
A good CIBIL score allows the borrower to get advantages in terms of interest rates and other benefits.
Geethapriya Srinivasan26 Mar '24
How to get a loan for pensioners?How to get a loan for pensioners?
Loans for pensioners act as a safety net for people on pension.
Geethapriya Srinivasan23 Mar '24
How to read personal loan statement of account?How to read personal loan statement of account?
SOA for borrowers helps them manage their repayments effectively.
Geethapriya Srinivasan20 Mar '24
How to get a personal loan without bank statements?How to get a personal loan without bank statements?
One may be subjected to certain extra conditions to receive a personal loan without bank statements.
Geethapriya Srinivasan17 Mar '24
What is the maximum personal loan amount I can get on my salary?What is the maximum personal loan amount I can get on my salary?
Understanding eligibility for personal loans helps borrowers to increase the amount to be borrowed.
Geethapriya Srinivasan13 Mar '24
What is the meaning of payday loans?What is the meaning of payday loans?
Payday loans allow easy access to funds.
Geethapriya Srinivasan10 Mar '24

Reviews

Down Payment

I had been saving up for years to buy my dream home, but I fell short on the down payment. Housing.com's personal loan was a lifesaver, providing the extra cash I needed to close the deal and move into my forever home.

Amit S

from Hyderabad

Home Renovation

I needed to make some major updates to my rental property. Housing.com's personal loan gave me the funds I needed to make the necessary repairs and increase the value of my property.

Kavita M

from New Delhi

Medical Loan

I needed a personal loan to cover unexpected medical expenses, and Housing.com came through with competitive rates and fast approval. I'm so grateful for their support during a tough time.

Vaibhav N

from Gurgaon

Wedding Loan

My wedding was just around the corner, and I needed some extra cash to cover the expenses. Housing.com gave me the flexibility I needed to make my dream wedding a reality.

Rohit S

from Bangalore

Help & Support

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