I Need 50,000 Rupees Loan Urgently

I Need 50,000 Rupees Loan Urgently

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Find out how you can get an INR 50,000 loan without security

Key Takeaways

  • You can get INR 50,000 Personal Loans without providing any security or pledging collateral.
  • Banks sanctions Personal Loans based on your creditworthiness and the ability to repay the loan.
  • You get flexible tenures of up to 5 years and easy EMIs for loan repayment.
  • As long as you fulfil all conditions, banks instantly approve and disburse Personal Loan amounts.
  • There are no end-use restrictions for Personal Loans.

Are you thinking I need a 50000 rupees loan urgently? Are you facing a medical emergency or need funds for other expenses? If yes, a Personal Loan can come to your rescue. Provided you fulfil all the requirements, you can borrow money from your bank to finance any contingency or leisurely expenses. Now you can get INR 50,000 Personal Loans in record time. Read on to know more.

How to get INR 50,000 Personal Loan Urgently?

Personal Loans are aptly described as the most versatile loans as you can fund all kinds of expenses using the funds from the loan. Regarded as unsecured loans, they come with the added benefit where you need not pledge collateral. Furthermore, banks approve and disburse these loans almost instantly. To get an INR 50,000 Personal Loan, you must fulfil the following eligibility criteria.

  • Age: You must be between 21 years and 60 years old.
  • Employment and Income proof: You should be salaried or self-employed, and you must present sufficient income proof.
  • Credit Score: You must hold a CIBIL score exceeding 600/900 points.

Check your eligibility with the digibank Personal Loan EMI Calculator.

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INR 50,00 Personal Loan – Features and Benefits

Paperless documentation

As mentioned earlier, a Personal Loan is unsecured, and you can get it by providing soft copies of the documents required. Simply attach scanned copies of your ID, income and address proofs along with your PAN card along with the online loan application form. Check if your bank pre-approves you for instant Personal Loan disbursals with zero documentation.

Speedy disbursal

Once the lender is convinced that you can repay the loan, the loan gets approved, and the amount gets credited to your savings account in the shortest timeframe.

Interest rates

Banks generally offer competitive interest rates on Personal Loans that depend on the loan amount and tenure you choose. In the case of small-value, INR 50,000 Personal loans, you can negotiate a lower interest rate by selecting a quicker repayment tenure.

Applicable charges

You can avail of the INR 50,000 loan by paying the appliable loan processing fees and other administrative charges. The lender explains these costs at the time of loan sanctioning.

Flexible tenure & EMI

You enjoy flexible tenures ranging from 12 to 60 months and can repay the loan in easy Equated Monthly Instalments.

Freelook period

Some banks allow you to cancel your loan within 48 hours of loan amount disbursement. However, you must forfeit the non-refundable loan processing fee and applicable taxes if you exercise this option.

No end-use restrictions

Once the bank disburses the INR 50,000 loan amount, you can use it to finance any expense of your choice.

Final Note

You can get your INR 50,000 Personal Loan with minimum documentation at preferential interest rates with a good credit score. The loan provides access to cash instantly, and you can repay it comfortably in pocket friendly EMIs.

Download the digibank mobile app on your smartphone. Launch the app and click on the "Get Personal Loan" link on the login page.

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*Disclaimer: This article is for information purposes only. We recommend you get in touch with your income tax advisor or CA for expert advice.

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