Instant Personal Loan
Personal Loan

Rs. 50000 Personal Loan

No collateral required | Tenure up to 60 months |
Balance Transfer facility


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Personal Loan of Rs 50,000

Personal Loans are unsecured loans that provide you with a lump sum amount that can be used for various purposes. These can include unexpected medical expenses, urgent home repairs, or sudden travel obligations. However, Personal Loans these days are only a few clicks away and can be a life saviour.

Unlike other loans that may have specific usage restrictions, Personal Loans offer flexibility, allowing you to use the funds as per your needs.



Features and benefits of a Rs 50,000 Personal Loan

Instant approval:

Getting approval for a Rs 50,000 loan is quick and hassle-free. The digital application and instant approval ensure that you won’t have to wait for days or weeks for your funds. Apply for a Personal Loan here

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Funds in 24 hours:

Once approved, you can expect to receive the loan amount in your account within 24 hours. It means you can address your urgent financial needs without any delay with Axis Bank.

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Easy and unsecured financing:

You don't need to provide any collateral to secure the loan. It is a hassle-free and convenient borrowing process, which aims to simplify and provide instant and secured access to funds.

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Simple documents:

The documentation required for this loan is minimal and straightforward. You won't be buried under piles of paperwork. You need to provide a few basic documents like proof of age, address and income, and you're good to go.

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Tenure up to 60 months:

You have the flexibility to choose a repayment tenure of up to 60 months. This helps you to manage your monthly payments according to your financial situation.

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Convenient flexi facility:

Check if you are eligible for a pre-approved Instant Personal Loan. It allows you to withdraw funds as per your requirement, up to a pre-approved limit. It gives you the flexibility to manage your finances efficiently.

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Special offers:

You also get access to reduced interest rates, cashback, or other incentives, making your borrowing experience even more rewarding.

Easy loan management:

Manage your loan conveniently through online portals or mobile apps. Keep track of your payments, check your outstanding balance, and access other essential information with ease.

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No undisclosed fees:

With this loan, you won't encounter any hidden fees or charges. Everything is upfront, ensuring you know exactly what you're getting into from the start.

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Paperless application and instant approval:

Use the end-to-end digital application process for instant loan approval. Avoid documentation and paperwork by doing video KYC and get the funds you need in no time.
These features and benefits make an instant Rs 50,000 loan a practical and convenient option for addressing your immediate financial needs with ease and peace of mind.

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How to apply for 50,000 Personal Loan?

  • Visit this webpage to apply for a Personal Loan.
  • Enter your personal information, such as your mobile number, and choose to provide either your Date of Birth or PAN.
  • Input the OTP sent to your mobile number for verification.
  • Prepare your last six month’s bank statements and salary slips for uploading.
  • Complete the eKYC and Video KYC procedures for instant approval.
  • The next step is to verify your Aadhaar. Enter the OTP you receive on your Aadhaar-linked mobile number and submit the details.
  • Now you have to provide other important details related to your salary account, employment, and education details.
  • The interface now shows you the maximum loan amount you are eligible for.
  • You can move the slider to the extreme left or enter the amount of Rs 50,000, and select your tenure. You will get all the information about the interest charges along with the details of your Rs 50,000 loan EMI amount.
  • After this, you need to provide your employment address once again and verify your official email address.
  • Now click on "continue" and "avail now". A new screen appears saying “congratulations” and states the amount of the loan you’ve taken.
  • The Loan amount will be disbursed into your account within a few hours.


Eligibility Criteria to get Personal Loan of Rs 50,000

  • Minimum age: Applicants must be at least 21 years old.
  • Maximum age: Applicants should not exceed 60 years at the time of loan maturity.
  • Minimum net monthly income: The minimum net monthly income required is Rs 15,000 for existing Axis Bank customers and Rs 25,000 for new customers.
  • Occupation: Salaried employees in public or private companies are also eligible to apply. Salaried doctors are also eligible for the loan.
  • CIBIL Score: A CIBIL score between 720 and 750 is considered good.


Documents Required for Rs 50,000 Personal Loan

  • Latest 3 months Bank Statements
  • 3 months latest salary slips with the latest Form 16
  • KYC documents: (anyone from the list)
  • Passport
  • Driving licence
  • PAN Card
  • Aadhaar Card with date of birth
  • Voter's ID


Additional Documents for Salaried Individuals for Personal Loan for 50,000 include:

  • Identity verification: PAN Card, passport, driving licence or voter ID card
  • Residential proof: Current utility bill (within the past 3 months), passport or Licence Agreement Financial records: Bank statements from the last 3 months
  • Income evidence: Salary slips from the previous 3 months
  • Photographic identification: Recent passport-sized photographs

Note: This is an indicative list and the bank may ask for additional documents on a case-to-case basis



Rs 50,000 Personal Loan Fees & Charges

Fees and Charges to avail a loan for Rs 50000

Type of Charges Charges
Repayment instruction / Instrument return chargesRs 339/- per instance of dishonour of cheque /SI/ECS/NACH debit instruction + GST as applicable
Swap charges (Cheque/Instrument)Rs 500/- per instance + GST as applicable
Penal Interest@24% per annum i.e. 2% per month on the overdue instalment.
Duplicate statement issuance chargesRs 250/- per instance per set + GST as applicable.
Duplicate Amortisation schedule issuance chargesRs 250/- per instance per set + GST as applicable.
Credit Information Companies (CICs) Report Issuance ChargesRs 50/- per instance per set + GST as applicable.
No Dues Certificate generation charges (Duplicate)Rs50 per instance per set + GST as applicable.
Stamp Duty ChargesAs per State Stamp Act
Part Payment / Pre-Payment Charges5% + GST (as applicable) For loans disbursed 4th October, 2023 onwards: Fee for more than 36 months, 2% fee is applicable otherwise 3%
Processing fee chargesup to 2% of the loan amount + GST as applicable


Frequently Asked Questions

What is the processing time for a Rs 50,000 Personal Loan?

The processing duration varies based on the method. Offline processing takes around two weeks to complete. However, for pre-approved applicants, Axis Bank can disburse the loan amount within a few hours.

Can I get a Personal Loan of Rs 50,000 without any collateral?

Yes, you can get a Personal Loan of Rs 50,000 without any collateral charges. Axis Bank provides unsecured Personal Loans, which does not require collateral or assets.

What credit score do I need for an instant Rs 50,000 loan?

A good CIBIL score is essential to get a quick loan approval. To qualify for Axis Bank's Rs 50,000 Personal Loans, applicants need a minimum CIBIL score of 750 or higher.

Can I avail Rs 50,000 loan without documents?

Yes, documentation requirements are minimal, especially for existing Axis Bank customers with pre-qualified loan offers. Ideally, basic documentation like KYC documents, ITR and bank statements are required to get a quick loan approval.

Can I avail Rs 50,000 loan without income proof?

If you have a pre-qualified offer from Axis Bank, you won't need to provide additional income documents. However, presenting salary slips from the last two months is necessary to secure a loan offer.



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