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Overview
Get a Personal Loan of ₹50 Lakh with Quick Approval
Personal Loans are one of the most versatile financing options that you can avail of to fulfil almost any purpose. Right from funding a wedding, higher education, or home renovation to debt consolidation and medical emergencies, this loan can be used to meet various financial requirements without any restrictions.
With Poonawalla Fincorp, you can avail of a Personal Loan of ₹50 Lakh at favourable interest rates through a simple online application process. Since it is an unsecured loan, you don’t need to pledge any asset as collateral or security against the loan amount. Apply now!
₹50 Lakh Personal Loan EMI Calculator
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₹50 Lakh Personal Loan Interest Rates and Charges
At Poonawalla Fincorp, we offer a Personal Loan of ₹50 Lakh at attractive interest rates to make your EMIs affordable. Our Personal Loan interest rates start at 9.99%* p.a. We also levy a reasonable processing fee. You can check the table below to learn more about eth applicable charges on our Personal Loan:
| Personal Loan Interest Rates | 9.99%* p.a. onwards |
| Loan Amount | ₹1 Lakh to ₹50 Lakh |
| Loan Processing Fees | Up to 3% |
| Lowest EMI Per Month | Starting from ₹2,124* per Lakh for 60 months |
| Loan Tenure | 12-84 months |
| Prepayments/Foreclosure Charges | 0%* If paid from own sources & 4% If paid from other sources |
| Default Interest | 2% per month |
| Repayment Instrument Dishonour Charges | ₹500 per bounce plus applicable taxes |
| Stamp Duty | At actuals (as per state) |
| Other Hidden Charges | Nil |
₹50 Lakh Personal Loan EMI for up to 5 Years
Calculating your Personal Loan EMI in advance is important as it helps you plan your loan repayment better. You can calculate the EMI for a Personal Loan of ₹50 Lakh with the help of our Personal Loan EMI calculator. This is an automatic online tool that makes it easy for you to figure out the monthly instalments on your loan.
To calculate your EMI for a ₹50 Lakh loan, you just need to enter the loan amount, interest rate, and loan tenure. For example, ₹50 Lakh Personal Loan EMI for 5 years at 9.99% will be ₹106,211. Similarly, you can use the Personal Loan EMI calculator to know the loan EMI for different tenures.
Following is the table for ₹50 Lakh loan EMI at an interest rate of 9.99% for up to 5 years:
| Tenure | EMI at a 9.99% interest rate |
| 2 years | ₹230,702/month |
| 3 years | ₹161,312/month |
| 4 years | ₹126,789/month |
| 5 years | ₹106,211/month |
Eligibility Criteria to get a Personal Loan of ₹50 Lakh
We have kept our Personal Loan eligibility criteria very simple to ensure that people from all walks of life can avail of this loan. The following are the major eligibility criteria:
Age
Citizenship
Monthly Salary
Employment
Work Experience
- Age- At least 21 years of age at the time of loan application and not more than 60 years old.
- Citizenship- Must hold Indian citizenship.
- Monthly salary- Should be at least ₹30,000.
- Employment- A full-time job at a well-reputed company.
- Work experience- at least one year of work experience and at least 1 month of stable employment with your current employer.
Documents Required for ₹50 Lakh Personal Loan
The shorter the document list for getting a Personal Loan, the easier is the loan application process. Hence, we have kept our documentation requirements very minimal. You just need to provide the following documents to apply for a ₹50 Lakh loan:
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KYC Documents
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Address Proof
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Income Documents
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Financial Documents
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Employment Proof
- KYC Documents - Aadhaar Card/PAN Card
- Address Proof - Rent agreement/Passport/Utility bills
- Income Documents - Latest salary slip
- Financial Documents - Salary account statement from the past 3 months
- Employment Proof - Employee ID card and official Email ID
Features & Benefits of ₹50 Lakh Personal Loan
Here are the key features and benefits of a Personal Loan of ₹50 Lakh:
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No Collateral Required
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High Loan Amount
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Attractive Interest Rates
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Flexible Repayment Tenure
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Online Application Process
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Quick Loan Disbursal
- No Collateral Required: Personal Loan is an unsecured loan, and you can get it without any collateral.
- High Loan Amount: You can avail of a high loan amount of up to ₹50 Lakh to cover your various financial requirements without any restrictions.
- Attractive Interest Rates: We offer Personal Loans at attractive interest rates as low as 9.99%* p.a.
- Flexible Repayment Tenure: Our Personal loan tenure ranges from 12 months to 84 months. You can choose the preferred loan tenure as per your repayment capacity.
- Online Application Process: We have simplified the Personal Loan application process. You can apply for a ₹50 Lakh Loan online in just a few clicks.
- Quick Loan Disbursal: We disburse Personal Loans within a short span of time.
How to Apply for ₹50 Lakh Personal Loan?
To apply for a ₹50 Lakh loan, you just have to follow these steps:
Step 1: Visit our official website.
Step 2: Fill in the loan application with your details
Step 3: Upload all necessary documents
Step 4: Once you upload the documents, they will be verified by our loan expert
Step 5: On successful verification, your loan application will be approved
Step 6: The loan will be disbursed directly to your bank account
How to Apply for ₹50 Lakh Personal Loan within 5 Minutes
To apply for a ₹50 Lakh loan, you just have to follow these steps:
Apply
Online
Apply Online
Click on ‘Apply Now’ and complete the application form
Personal
Details
Personal Details
Enter your DOB, qualification, and residential details
Verification
Verification
Submit and upload all details for verification and assessment
Frequently Asked Questions on ₹50 Lakh Personal Loan
What is the EMI for ₹50 Lakh loan?
The EMI for a ₹50 Lakh loan will depend on the interest rate and the chosen repayment tenure. For example, ₹50 Lakh Personal Loan EMI for 5 years at 9.99% will be ₹106,211*. This amount can vary if the interest rate and tenure change.
Can I get a ₹50 Lakh loan without collateral?
Yes, you can avail of an unsecured loan for ₹50 Lakh without pledging any collateral.
Am I eligible to borrow a sum of ₹50 Lakh from Poonawalla Fincorp?
Yes, you can avail of a ₹50 Lakh loan from Poonawalla Fincorp, provided you meet our eligibility criteria and have a good credit score.
How to apply for a Personal Loan of ₹50 Lakh?
To apply for a ₹50 Lakh loan from Poonawalla Fincorp, follow these steps:
- Step 1: Click on the “Apply Now” button on our website.
- Step 2: Fill up the application form with the required details.
- Step 3: Upload the required documents and submit them with the application form.
Await application assessment and verification before getting the confirmation on loan approval. Once the approved loan amount is confirmed, simply authorize its disbursal directly to your bank account.
What is the processing time for a ₹50 Lakh Personal Loan?
Generally, we process applications promptly and disburse approved loan amounts almost instantly, provided you meet our eligibility criteria and submit the necessary documents.
What is the interest rate for ₹50 Lakh loan?
At Poonawalla Fincorp, we offer a ₹50 Lakh loan at attractive interest rates, starting at just 9.99%* p.a.
*T&C Apply
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Insightful Personal Loan Blogs
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A personal loan is an unsecured loan. It lets you borrow funds from a lending institution without pledging any collateral or asset like animmovable property,
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