Getting a personal loan nowadays is an absolutely easy process! If you are in urgent need of funds, there are a lot of banks and NBFCs that offer instant personal loans of 50,000 Rs - credited to your bank account within 2 days. 

These are unsecured loans that you can apply for through personal loan apps with minimum documentation. Some lenders even sanction the loan on just a few documents like the Aadhaar card and the PAN card.

General Requirements for a Rs 50,000 Instant Loan

  • Be an Indian citizen

  • Be either salaried or self-employed with a stable monthly income of at least Rs 15,000

  • Be between 21 and 58 years old

  • Submit your Aadhar card and PAN card details for E-KYC verification

Get Your Rs 50,000 Instant Loan with These Few Documents

As the need for an instant personal loan can arise anytime, lenders keep things simple with minimal paperwork and a quick approval process. Here's what you'll need to get your Rs 50,000 loan approved in a flash:

  • Aadhaar Card: Make sure your mobile number is linked to your Aadhaar card for easy verification using a one-time password.

  • PAN Card: This helps verify your identity.

  • Photo ID Proof: You can take a quick picture of your ID using the loan app's camera.

  • Electronic Signature: Simply sign electronically within the app to complete the process.

Personal Loan Apps to Get 50000 RS Instantly

Among the many options available for quick loans in India, several popular instant loan apps have emerged. Here's a quick overview of five of them:

MoneyView: Provides personal loans with repayment terms ranging from 3 to 60 months. They offer competitive interest rates, as low as 1.33% per month, with a processing fee between 2% and 6% of the loan amount.

KreditBee: Offers competitive interest rates, starting at 1.02% per month. Borrowers can choose loan terms from 2 to 15 months to suit their needs.

PaySense: Provides flexible repayment plans from 12 to 60 months. Their interest rates are competitive, with a minimum of 1.5% per month. A processing fee of 2.5% applies to loans obtained through PaySense.

Zype: Focuses on fast approvals and disbursements for immediate expenses. They offer loans up to Rs. 5 lakhs, but their interest rates are considerably higher than competitors, starting at 18% per year.

InCred: Provides personal loans with repayment terms ranging from 3 to 60 months. Their advertised rate is 16% per year, but the actual rate may vary depending on the specific loan offer.

Get Your Loan Today!

Getting a small personal loan of Rs. 50,000 can help you deal with urgent needs. These loans don't require collateral, which speeds up the approval process and gets you the money faster, easing your temporary financial burden. Remember, always compare interest rates and terms before choosing a loan, and borrow responsibly!