Flexible Loan Amount
Borrow any amount starting from ₹5,000 and going up to ₹10 Lakh
Collateral Free Loans
To apply for a personal loan through Moneyview, you don’t need any asset or arrange for a guarantor
Quick Disbursal
The loan amount is disbursed to your account within 24 hours of approval
Affordable Interest Rates
Benefit from low-interest rates starting from 14% per annum
Personal loans are collateral-free and instant and are offered by banks as well as financial institutions to eligible borrowers. Depending on the income and expenditure of the applicants, lenders vary in the amount of instant personal loans they can grant.
If you are searching for ‘how much loan can I get on 50000 salary’, then this article is for you!
Every lender in the country offers personal loans to candidates earning Rs. 50,000 per month if they meet their eligibility criteria.
For example, here are Moneyview’s eligibility criteria for applicants with Rs. 50,000 salary -
Applicants must be between the ages of 21 and 57
They must earn a monthly income of Rs. 13,500 or more
The earned income must be credited directly to the bank account
The applicants must possess a minimum CIBIL score or Experian score of 650
Given below is a city-wise breakdown of the income and credit score requirements -
|
Income and Credit Score Eligibility Criteria |
|||
|---|---|---|---|
|
Salaried Individuals |
Minimum In-Hand Income |
Area of Residence |
CIBIL Credit Score Requirement |
|
Rs 13,500 |
Any |
CIBIL Score /Experian Score of 650 and above |
|
|
Rs 20,000 |
Mumbai/Thane or the NCR region (Delhi, Noida, Gurgaon, Ghaziabad, Faridabad, etc.) |
New to Credit or CIBIL Score/Experian Score of 650 and above |
|
|
Rs 15,000 |
Metro City other than Mumbai and NCR |
CIBIL Score/Experian Score of 650 and above |
|
|
Self-Employed Individuals |
Rs. 15,000 |
Any |
CIBIL Score/Experian Score of 650 and above |
If you fulfill the eligibility criteria given above, you can easily get a personal loan of up to Rs. 10 lakhs from Moneyview instantly.
To get an instant personal loan on Rs. 50,000 salary, we only need the following from you.
Your PAN number
Your mobile number will have to be linked to your Aadhaar card for KYC verification
Additionally, you must enable auto-debit from your bank account. You can complete this quick process using a debit card, net banking, or NACH form.
You won't need to manually process the auto-debit facility to help you pay your EMIs each month.
Candidates earning Rs. 50,000 per year can easily meet all eligibility requirements and apply for a personal loan from any bank or financial institution for an adequate amount.
The amount the applicant is eligible for depends on several variables, including the applicant's credit history, the credibility of their documents, and the stability of their employment.
To get an instant loan on Rs. 50,000 salary, apply on the Moneyview website or download the loans app now!
You will be submitting a NACH mandate as part of the loan application process, which will allow us to auto debit your EMIs. This is also a simple process because you don't have to remember EMI dates or perform manual transfers each time.
If the auto-debit feature for your loan account is not enabled or activated for any reason, you can still pay your monthly EMIs using our app's 'Pay Now' option. With this option, you can make payments using either your debit card or your netbanking account.
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