Personal Loan for 50,000 Salary

Loan Amounts up to Rs 5 Lakh

Fast Loan Approval

Apply now for instant approval in 10 Minutes

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हिंदी में पढ़ेंApply for Personal Loan

Get an Instant Personal Loan for Rs 50,000 Salary

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.

EMI on Personal Loan for Rs 50,000 Salary for 12-36 months

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

Features and Benefits of Rs 50k Salary Personal Loan

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.

Maximum Loan Amount

Personal Loans up to Rs 5 Lakh provide you the opportunity to meet major expenses without putting a dent in your savings.

Attractive Interest Rates

Enjoy an attractive personal loan Interest rate that keeps your monthly EMIs in check and makes it easy to repay over a long tenure.

No security required

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.

Flexible Tenure Options

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.

Quick Process for Approval

Hero FinCorp provides you with instant eligibility checks and fast approvals so you can receive funds when you require them.

Eligibility Criteria for Personal Loan for Rs 50,000 Salary

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.

Citizenship

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.

Age Criteria

You must be between the ages of 21 and 58 when you apply for the loan to be eligible.

Work History

Usually, a minimum work experience of six months in a company is required.

Monthly Income

A minimum monthly income of Rs 15,000 will ensure adequate repayment capacity and will help you secure a Personal Loan with no hassle.

Check Your Loan Eligibility

Documents Needed to Get Loan on 50k Salary

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:

Mandatory documents

Loan application form duly filled, Passport-size coloured photo

ID Proof

Driving licence/ Passport, PAN card (mandatory)/ Aadhaar card

Address proof

Driving licence/ Passport/Aadhaar Card/Ration Card/ Utility Bill

Ownership proof

Electricity Bills/ Maintenance Bills/Property Documents

Income proof

Last 3 months’ salary slips, Last 6 months' bank account statement (salary account), Form 16

Proof of Job continuity

Appointment letter from current employer/ Experience letter from previous employer

Interest Rates and Charges on Loan for 50,000 Salary

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 1.58% per month
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

How to Apply for Rs 50,000 Salary Personal Loan?

Let's get started with the application process for a personal loan with a monthly salary of 50,000. Here's the application procedure:

1
Go to Hero FinCorp's website or download the personal loan app from the App Store or Google Play.
2
Click on the personal loan section and then click on 'apply now' to get going.
3
Enter your mobile number, and complete the OTP verification to continue.
4
Select the required loan amount and the term of repayment as per your financial requirement.
5
Provide the KYC details and income proof for the application.
6
Submit the application, and if you are eligible, your loan will be processed and approved in 10 minutes.

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Use of Personal Loan of Rs 50,000 Salary

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:

Health Emergencies

Use a personal loan for medical emergencies p to meet unexpected healthcare needs without having to worry about your finances.

Home Renovation

Use a personal loan for home renovation to renovate your living space, fix any issues with the home structure, or simply upgrade the interiors.

Education Costs

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.

Wedding Costs

A personal loan for a wedding can help fund larger wedding expenses like payment for the venue, wedding jewellery, catering and more.

Travel & Holidays

When planning a holiday, a personal loan for travel can fund all expenses of the trip, tickets, hotels, accommodation and activities

Emergencies

If unexpected events occur, like a medical emergency, or urgent bills requiring payment, an emergency personal loan can give you money without hassle.