How Much Personal Loan Can I Get on 50000 Salary
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!
How to Check Eligibility For Personal Loan On Rs. 50,000 Salary
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 -
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Applicants must be between the ages of 21 and 57
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They must earn a monthly income of Rs. 13,500 or more
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The earned income must be credited directly to the bank account
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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 -
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Income and Credit Score Eligibility Criteria
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Salaried Individuals
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Minimum In-Hand Income
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Area of Residence
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CIBIL Credit Score Requirement
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Rs 13,500
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Any
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CIBIL Score /Experian Score of 650 and above
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Rs 20,000
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Mumbai/Thane or the NCR region (Delhi, Noida, Gurgaon, Ghaziabad, Faridabad, etc.)
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New to Credit or
CIBIL Score/Experian Score of 650 and above
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Rs 15,000
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Metro City other than Mumbai and NCR
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CIBIL Score/Experian Score of 650 and above
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Self-Employed Individuals
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Rs. 15,000
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Any
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CIBIL Score/Experian Score of 650 and above
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If you fulfill the eligibility criteria given above, you can easily get a personal loan of up to Rs. 10 lakhs from moneyview instantly.
Documents Required To Get Instant Personal Loan On Rs. 50,000 Salary
To get an instant personal loan on Rs. 50,000 salary, we only need the following from you.
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Your PAN number
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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.
What Are The Features & Benefits Of a Personal Loan For Rs. 50,000 Salary
moneyview offers significant benefits to its customers. Here are our top features and benefits:
Highest Loan Amount: With moneyview, our unique credit scoring model determines the best amount that is the most suitable for your needs and financial situation.
Most Affordable: In addition to offering a low-interest rate of 1.33% per month, we also offer flexible repayment plans from 3 months to 60 months to ease the burden on our customers.
100% Transparent: We remain completely transparent throughout the application process, so there will be no surprises or hidden charges.
Easy to Use: We have made our application as simple and hassle-free as possible so that all borrowers can apply for a loan.
Collateral-Free Loans: We offer collateral-free personal loans up to Rs. 5,00,00 so you can get a loan instantly with no security.
