Calculate Personal Loan EMI
Need instant cash with a salary of Rs 50,000 a month? Hero FinCorp can help you get instant access to Personal Loans of up to Rs 5,00,000. Be it a medical emergency, home renovation, wedding, or travel, with our hassle-free process, you can get approval in 10 minutes. You will enjoy the benefits of flexible tenures with competitive interest rates, and you will receive your money without the need for collateral security. Hero FinCorp can help you fulfil your financial needs with peace of mind and convenience, all with a Personal Loan for 50,000 salary. Why wait? Apply for a Personal Loan today.
Check out affordable EMIs on a Personal Loan for 50,000 salary and a wide range of tenures. You can select the repayment tenure that suits you best!
| Loan Amount (Rs) | Tenure (Months) | Interest Rate (p.a.) | Monthly EMI (Rs) | Total Interest (Rs) | Total Amount Payable (Rs) |
|---|---|---|---|---|---|
| 1,00,000 | 12 | 19% | 9,216 | 10,588 | 1,10,588 |
| 1,00,000 | 18 | 19% | 6,428 | 15,710 | 1,15,710 |
| 1,00,000 | 24 | 19% | 5,041 | 20,981 | 1,20,981 |
| 1,00,000 | 30 | 19% | 4,213 | 26,378 | 1,26,398 |
| 1,00,000 | 36 | 19% | 3,666 | 31,962 | 1,31,962 |
Hero FinCorp’s Personal Loan on 50,000 salary ensures easy approval, flexible EMIs, minimal documentation, and no collateral requirement. Our Personal Loan provides the following features and benefits.
Personal Loans up to Rs 5 Lakh provide you the opportunity to meet major expenses without putting a dent in your savings.
Enjoy an attractive personal loan Interest rate that keeps your monthly EMIs in check and makes it easy to repay over a long tenure.
You can avail of fully unsecured loans where you don’t have to provide any collateral as security. Loan approval is based purely on your income and credit profile.
Repay your loan with suitable tenure choices of 12 to 36 months, giving you the flexibility to customise your repayments as per your financial capacity.
Hero FinCorp provides you with instant eligibility checks and fast approvals so you can receive funds when you require them.
Before applying for a Personal Loan, make sure you meet the eligibility criteria. At Hero FinCorp, the personal loan eligibility criteria are simple and easy to fulfil.
In order to qualify for a Personal Loan for 50,000 salary with Hero FinCorp, you should be an Indian citizen and have a valid identity and address proof.
You must be between the ages of 21 and 58 when you apply for the loan to be eligible.
Usually, a minimum work experience of six months in a company is required.
A minimum monthly income of Rs 15,000 will ensure adequate repayment capacity and will help you secure a Personal Loan with no hassle.
To apply for a Personal Loan on a salary of 50,000, you will need the following documents necessary for a personal loan for quick approval:
Loan application form duly filled, Passport-size coloured photo
Driving licence/ Passport, PAN card (mandatory)/ Aadhaar card
Driving licence/ Passport/Aadhaar Card/Ration Card/ Utility Bill
Electricity Bills/ Maintenance Bills/Property Documents
Last 3 months’ salary slips, Last 6 months' bank account statement (salary account), Form 16
Appointment letter from current employer/ Experience letter from previous employer
Understand what interest rates and charges are applicable when applying for a Personal Loan for 50,000 salary.
| Fees & Charges | Amount Chargeable |
|---|---|
| Interest Rate | Starting from 19% p.a. |
| Loan Processing Charges | Minimum 2.5% + GST |
| Prepayment Charges | N.A. |
| Foreclosure Charges | 5% + GST |
| EMI Bounce Charges | Rs 350 |
| Interest on Overdue EMIs | 1-2% of the loan/EMI overdue amount per month |
| Cheque Bounce | Fixed nominal penalty |
| Loan Cancellation | Online loan application does not charge any cancellation fees Interest amount paid is non-refundable Processing charges are also non-refundable |
Let's get started with the application process for a personal loan with a monthly salary of 50,000. Here's the application procedure:
Go to Hero FinCorp's website or download the personal loan app from the App Store or Google Play.
Click on the personal loan section and then click on 'apply now' to get going.
Enter your mobile number, and complete the OTP verification to continue.
Select the required loan amount and the term of repayment as per your financial requirement.
Provide the KYC details and income proof for the application.
Submit the application, and if you are eligible, your loan will be processed and approved in 10 minutes.
A Personal Loan can take care of countless financial needs with convenience! It offers the flexibility to obtain money quickly when you need it. The uses of a Personal Loan can be:
Use a personal loan for medical emergencies p to meet unexpected healthcare needs without having to worry about your finances.
Use a personal loan for home renovation to renovate your living space, fix any issues with the home structure, or simply upgrade the interiors.
With a personal loan for education, you can meet school/university fees, buy study materials or get financial support for courses to upgrade your qualifications.
A personal loan for a wedding can help fund larger wedding expenses like payment for the venue, wedding jewellery, catering and more.
When planning a holiday, a personal loan for travel can fund all expenses of the trip, tickets, hotels, accommodation and activities
If unexpected events occur, like a medical emergency, or urgent bills requiring payment, an emergency personal loan can give you money without hassle.
