Fullerton India Credit Co. Ltd. is Now SMFG India Credit Co. Ltd.

Calculate Personal Loan EMI

`
50,00025,00,000
Months
12 Months60 Months

Assuming annual interest rate of 11.99

Calculated EMI*   1,660  Apply For Loan

Loans Upto ` 25 Lakh*

Quick Disbursal

Minimal Documentation

Flexible Tenure

Personal Loan of Rs. 50 Thousand

According to data provided by the Reserve Bank of India, the volume of personal loan borrowings has increased sharply in the past couple of years. Personal loan borrowings have increased to a sum of Rs. 19.33 lakh crore as of June 2018 as compared to Rs. 5.89 lakh crore in 2010.  The significant increase is attributed to many factors. Regardless of the sum borrowed, lenders ensure that the loan is quickly approved and the sum is disbursed to your account promptly.

Why Opt for Personal Loan?

Lenders have not laid down restrictions on the purpose for which one could apply for a personal loan. Personal loans offer tremendous flexibility and are an excellent option for any planned expenditures or surprises that life may throw at you. This is why you should consider opting for a Rs. 50,000 personal loan:

1. Collateral-Free Loans

You can borrow the funds you need without any collateral.

2. Borrow a Sum of your Choice

The best part about opting for a personal loan is that you can borrow a sum of as less as Rs. 50,000. All you need to do is log into the website and follow a few simple steps. The approved amount will be credited to your account approximately 30 minutes* post-approval.

3. Online Applications

Want to escape the hassle of excess paperwork and documentation? If you choose to go the online route, the application process is completely paper-free. Fill in the required details, scan and upload the required documents to apply for a loan.

4. Benefits for Existing Customers

Existing customers are automatically eligible for top-up loans on the principal amount and other benefits that include benefits on the rate of interest.

5. Information at your Fingertips

Log into your account and avail statements, manage loan-related payments at your convenience in a matter of a few clicks.

Eligibility Criteria for Personal Loan 

The personal loan requirement to borrow a sum of Rs. 50,000 is as follows:

  • The age of the applicant must range between 21 to 60 years.
  • The applicant must be employed with a public or private enterprise with a turnover as per the lender’s policies.
  • The applicant should earn a sum of at least Rs. 25,000 in places like Delhi and Mumbai and Rs. 20,000 in other parts of the country.
  • A self-employed person should be in business for at least 3 years. The loan amount is calculated on profit after tax and the minimum turnover value varies according to the industry.
  • The applicant should possess approximately 6 months of experience in the present company and a total of 1 year of experience. 

Rs. 50,000 Personal Loan EMI for 1-5 Years Tenure

You can calculate the EMI for a Rs 50,000 personal loan using the online personal loan EMI calculator. At an annual interest rate of 11.99%, the EMI for 1-year tenure is ₹ 4,442, 2-year tenure is ₹ 2,353, 3-year tenure is ₹ 1,660, 4-year tenure is ₹ 1,316 and 5-year tenure is ₹1,112.

Loan Amount (Rs)

Interest Rate (p.a.)

Tenure (years)

EMI (Rs)

Rs. 50,000

11.99%

1

4,442

2

2,353

3

1,660

4

1,316

5

1,112

Disclaimer: These are approximate EMI calculations, actual numbers may vary.

Am I Eligible to Borrow a Sum of Rs. 50,000?

Before deciding to opt for a personal loan, it is advisable to calculate the exact amount you can borrow. Your eligibility depends on factors like age, income, existing loans etc. Log into the website of your loan provider and use a personal loan eligibility calculator to calculate the amount you are eligible for, your personal loan EMI, the other offers you are eligible for etc.

Post deciding to borrow a personal loan, compare offerings provided by different providers and shortlist on one that best suits your requirements. Giving your dreams wings is just one loan away!

How Can I Get an Instant Loan of Rs. 50,000 in One Day?

There can be many reasons for you to get an instant loan of Rs. 50,000, from medical urgencies to sudden home reparations. If you are wondering how to get an instant loan of Rs. 50,000, then you must be aware of the documents required, features, and eligibility criteria.

Features Of Instant Loan Of Rs. 50,000

  • No collateral required
  • Online application
  • Quick approval process
  • Digital processing
  • Low interest rates

Documents Required

  • Identity proofs (Aadhaar card or passport)
  • PAN number
  • E-signature
  • Income proofs

You can check your eligibility for the instant loan of Rs. 50,000 through SMFG India Credit ’s online personal loan eligibility calculator.

How To Get An Instant Loan Of Rs. 50,000?

How to apply for a personal loan at SMFG India Credit:

  1. Click the application initiation link.
  2. Submit essential information such as your mobile number, PAN, pincode, and specify your employment nature (salaried or self-employed).
  3. Confirm your mobile number with the received OTP and verify your email ID.
  4. Provide details like your email address, date of birth, gender, annual household income, and employment particulars.
  5. Review the loan proposal, considering the amount, fees, and repayment options. Confirm acceptance once satisfied and evaluate the option you will get of increasing the loan amount.
  6. Enter your employment information if you are a salaried individual.
  7. Complete digital identity and address verifications. Make sure that you use well-established processes such as CKYC, OKYC, or DigiLocker.
  8. Provide details about your bank account, which we will verify. Once they are successfully verified, you will progress towards the 'Additional Details' section. Please add extra information such as the loan purpose, father’s name, mother’s maiden name, etc.
  9. Choose the payment mode you prefer, from debit card and internet banking, and proceed with eNACH setup.
  10. Review and digitally sign the loan document, completing the process with OTP verification.

Pursue your financial goals by completing these simple steps for securing a loan with SMFG India Credit.

Conclusion

You can apply for an instant personal loan of Rs. 50,000 at interest rates starting at 11.99% per annum through a completely online application process with SMFG India Credit. Avail of the best financial lending support in town today.

*Loans are disbursed at the sole discretion of SMFG India Credit. Please note that final approval, loan terms and disbursal process will be subject to SMFG India Credit's policy at the time of loan application

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Page also available inहिन्दी - Hindi

* Please note that loans are disbursed at the sole discretion of SMFG India Credit. Final approval, loan terms and disbursal process will be subject to SMFG India Credit's policy at the time of loan application. If you are an existing customer and wish to foreclose your loan, please note that foreclosure terms and charges will be applicable as per our policy at the time of loan foreclosure.

FAQs

What is the interest rate for a Rs. 50,000 personal loan?

The interest rate on an Rs. 50,000 loan can vary depending on the loan amount, tenure, and the borrower's creditworthiness. Generally, the interest rate for personal loans starts from 11.99%* per annum.

What is the processing time for a Rs. 50,000 personal loan?

You can borrow a personal loan of Rs. 50,000 hassle-free. All you need to do is log into the website and follow simple steps. The approved amount will be credited to your account approximately 30 minutes* post-approval, if you satisfy the lender’s eligibility criteria.

Can I avail Rs. 50000 Personal Loan without documents?

In most cases, it is highly unlikely to avail of an Rs. 50,000 personal loan without any documents. Lenders typically require:

  • Identity Proof (Aadhar card, Passport, Voter ID, etc.)
  • Address Proof (Aadhar card, Utility bills, Rental agreement, etc.)
  • Income Proof (salary slips, bank statements, ITR, etc.)

Documentation is essential for lenders to assess your eligibility and repayment capacity.
 

What will be the EMI for a 50000 Loan?

At an annual interest rate of 11.99%*, the EMI for 1-year tenure is Rs. 4,442, 2-year tenure is Rs. 2,353, 3-year tenure is Rs. 1,660, 4-year tenure is Rs. 1,316, and 5-year tenure is Rs. 1,112.

What are the factors that can affect Rs. 50000 Personal Loan EMI?

The factors that can affect a Rs.50,000 personal loan EMI include the loan's interest rate, tenure, and any additional processing fees or charges. A higher interest rate or shorter tenure will result in higher EMIs, while a longer tenure may reduce the EMI amount but increase the overall interest paid.

What is the eligibility criteria for a Rs.50,000 personal loan?

The criteria for borrowing Rs. 50,000:

  • The age of the applicant must range between 21 to 60 years.
  • The applicant must be employed with a public or private enterprise.
  • The applicant should earn a sum of at least Rs. 25,000 in Delhi and Mumbai and Rs. 20,000 in other parts of the country.
  • A self-employed person should be in business for at least 3 years. 
  • The applicant should possess approximately 6 months of experience in the present company and 1 year of experience. 
     

Can I get a personal loan of Rs.50,000 without any collateral?

Yes, you can get a personal loan of Rs. 50,000 without any collateral. Personal loans are typically unsecured loans, which means they do not require any collateral or security. These loans are based on your creditworthiness, income, and repayment capacity rather than any assets you own.

What is the maximum tenure available for a Rs. 50 Thousands Personal Loan?

For a personal loan of Rs. 50,000, you can choose a repayment tenure of up to 5 years or 60 months. Keep in mind that the loan tenure also affects the Equated Monthly Instalment (EMI) amount – longer tenures result in smaller EMIs but higher overall interest payments, while shorter tenures lead to larger EMIs but lower overall interest costs.

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