Features and Benefits of Personal Loan


Flexible Loan Amount

The maximum amount you can borrow is Rs. 5 lakhs, based on your eligibility


Quick Eligibility Check

You can check your eligibility in just two minutes with the Money View website or app


Minimal Documentation

You only need to provide us with your ID, address, and proof of income


Affordable Interest Rates

We understand how important interest rates are as they determine the EMI amount to be paid. At Money View, the interest rate starts at just 1.33% per month


100% Online

All aspects of the process are online and paperless, from application to disbursement.


Flexible Repayment Tenure

Applicants can choose repayment terms of up to five years


Loans on Low Credit Score

The unique credit model of Money View makes it possible to get a loan even if your CIBIL score is 600 or your Experian score is 650.


Instant Disbursement

We will credit your account within 24 hours of approval.

How Much Personal Loan Can I Get on 50000 Salary

A personal loan is an unsecured loan that banks, financial institutions, and online lending platforms offer to individuals based on their income and credit score. The amount of instant personal loan the applicants are eligible for varies from bank to bank depending on their income and expenditure. 

Most banks or financial institutions require applicants to meet a minimum income and credit score criteria to be eligible for a loan. However, online lending platforms are flexible to an extent and offer loans to applicants even with a low income and credit scores.

Applicants with a Rs. 50,000 salary can easily qualify for all the eligibility requirements and avail a personal loan for an adequate sum from any bank or financial institution. The loan amount the applicant can borrow depends on several factors such as the applicant’s credit history, credibility of their personal documents and the job stability. 

Personal are provided by banks, and financial institutions. However, availing personal loans through online lending platforms benefits the customers. With lower interest rates, minimal documentation and paperless format, lending platforms aid applicants in getting the maximum benefits.

Loan providers employ two methods to calculate the loan amount you will be receiving. They are 

Many lenders use the multiplier method to determine loan eligibility for personal loans. The personal loan amount is calculated using a predetermined multiple of the applicant's net monthly income. Depending on the lender and the applicant's monthly income, this multiple can range from 10 to 24 times.

The higher the salary and the better the company's status, the greater the likelihood of receiving a larger loan with lower interest rates. Furthermore, if you have no existing monthly obligations, you are eligible for this loan amount. 

Your EMI/NMI ratio measures how much of your net monthly income is spent on servicing your existing loans as well as the new loans. In general, lenders prefer applicants with EMI/NMI ratios below 50%. The ratio of your EMI/NMI is determined by the gross monthly income, tenure, and interest rate.

So if your question is, ‘How much personal loan can I get on a 50,000 salary’, the answer is that it depends on the factors mentioned above. You can get any amount between Rs. 5,000 to Rs. 5,00,000.

When considering a loan, the most important question to ask is, 'Will I qualify for the loan?' It is common to wonder how much money we will receive, but in order to receive that money, we must first be eligible. Here's how to find out if you're eligible for the loan.

In order to qualify for a personal loan, a borrower must have a good credit score, earn an income, and be of a certain age. In order to qualify for an instant personal loan, you must meet the following requirements -

  • Candidates must either be salaried or self-employed (possessing their own business)

  • Applicants should earn at least Rs 13,500 monthly

  • Payroll must be deposited directly into your bank account

  • It's important that you have a good credit score 

  • Applicants must be between the ages of 21 and 57

Many lending institutions in India offer personal loans if you meet all the above requirements. However, it is important to note that the eligibility criteria will vary from one lender to another.

Identity Proof Address Proof Income Proof
PAN Card - This is the primary ID proof required. However, if it is rejected due to image quality issues or other reasons, any 1 of the officially valid documents given below will suffice)
  • Aadhaar Card
  • Valid Indian Passport
  • Valid Voter ID
  • Valid Driver’s License
Any 1 of the following -
  • Aadhaar Card
  • Valid Indian Passport
  • Valid Voter ID
  • Valid Driver’s License
  • Utility Bills (Electricity, Water, Gas) dated within the last 60 days

Salaried Applicants - Last 3 months’ bank statements of your salary account in PDF format showing salary credits


Self-Employed Applicants - Last 3 months’ bank statements in PDF format if you are self-employed

How to Apply for An Instant Personal Loan


Check Eligibility

Provide a few basic details to check your eligibility in just 2 mins!


Select Loan Tenure

Choose your loan amount & repayment tenure


Upload Documents

Complete your KYC and Verify income


Amount Disbursed

Direct Bank A/c transfer in a few minutes!



The amount of loan you can get on a salary of Rs. 50,000 depends on your personal eligibility primarily. It is crucial to take your requirements into consideration before taking out a loan. Calculate the expenses and make yourself aware of all the rules and regulations involved in taking a loan. This will play to your advantage and help you have a sound financial life.

Money View makes it simple for salaried employees to obtain a personal loan. With just a few simple steps, you can determine your loan amount, complete our minimal documentation requirements, and receive your loan in 24 hours at reasonable rates.

Frequently Asked Questions (FAQs)

Ans: For a Rs. 50,000 salary, the maximum loan limit is determined by your choice of lender. A lender who offers ten times your monthly income can give you Rs. 5 lakhs; if the lender offers twenty times your monthly salary, you can get Rs. 10.00 lakhs. This also depends on your credit score and your ability to repay the loan amount as well as the lending institution.

Ans: We require a CIBIL score of 600 or an Experian score of 650. Unlike banks and other financial institutions, Money View does not expect a high credit score to offer loans to applicants but higher the score, higher the loan amount and lower the interest rate for the loan.

Ans: 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.

Ans: No, you can only cancel the loan before submitting the Loan Agreement form. You will not be able to cancel the loan once you have submitted this Loan Agreement.

Ans: Only if you are unable to pay back the loan EMIs on time or if you miss payments entirely will your credit score suffer. Your credit score will only improve if you make consistent payments.


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