Personal Loan of ₹50,000

Personal Loans are unsecured loans that provide you with a lump sum amount that can be used for various purposes. These include unexpected medical expenses, urgent home repairs, or sudden travel obligations. However, Personal Loans nowadays are only a few clicks away and can be a life saver. Unlike other loans that may have specific usage restrictions, Personal Loans offer flexibility, allowing you to use the funds as per your needs.

Features & Benefits
Eligibility & Documentation
How to Apply
Calculators
Apply Now
Important Links
FAQs

Features & Benefits

Instant approval

Getting approval for a ₹50,000 loan is quick and hassle-free. The digital application and instant approval process ensures that you won’t have to wait for days or weeks

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.

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

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 good to go.

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.

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

Special offers

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

Easy loan management

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

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.

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.

Eligibility Documentation

Eligibility for Personal Loan of ₹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 ₹15,000 for existing Axis Bank customers and ₹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.

Documentation for Personal Loan of ₹50,000

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
Voter's ID

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

How to apply for ₹50,000 Personal Loan?

Applying for Personal Loan is quick and easy. Here are the steps you need to follow to apply for Axis Bank Personal Loan:

01
Visit this webpage to apply for a Personal Loan.
02
Enter your personal information, such as your mobile number, and choose to provide either your Date of Birth or PAN.
03
Input the OTP sent to your mobile number for verification.
04
Prepare your last six month’s bank statements and salary slips for uploading.
05
Complete the eKYC and Video KYC procedures for instant approval.
06
The next step is to verify your Aadhaar. Enter the OTP you receive on your Aadhaar-linked mobile number and submit the details.
07
Now you have to provide other important details related to your salary account, employment, and education details.
08
The interface now shows you the maximum loan amount you are eligible for.
09
You can move the slider to the extreme left or enter the amount of ₹50,000, and select your tenure. You will get all the information about the interest charges along with the details of your ₹50,000 loan EMI amount.
10
After this, you need to provide your employment address once again and verify your official email address.
11
Now click on "continue" and "avail now". A new screen appears saying “congratulations” and states the amount of the loan you’ve taken.
12
The Loan amount will be disbursed into your account within a few hours.

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Make well-calculated decisions with our Personal Loan calculators

Loan Amount

₹

50K

50L

Interest Rate (p.a)

9.99% 22%

Tenure (months)

Mos

1284

Your EMI*₹ 1,14,678

Get instant funds

*Equated Monthly Installment'

Note: To see amortization schedule, please click here.

Total Amount Payable

₹1,37,621

Date of Birth

Net Monthly Income

₹

10K

Expenses (incl. other EMIs)

₹

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You are eligible for up to

₹ 15,00,000

₹50,000 Personal Loan Fees & Charges

Type of charges	Charges
Repayment instruction / Instrument return charges	₹339/- per instance of dishonour of cheque /SI/ECS/NACH debit instruction + GST as applicable
Swap charges (cheque/instrument)	₹500/- per instance + GST as applicable
Penal interest	@24% per annum i.e. 2% per month on the overdue instalment.
Duplicate statement issuance charges	₹250/- per instance per set + GST as applicable.
Duplicate amortisation schedule issuance charges	₹250/- per instance per set + GST as applicable.
Credit information companies (CICs) report issuance charges	₹50 per instance per set + GST as applicable.
No dues certificate generation charges (duplicate))	₹50/- per instance per set + GST as applicable.
Stamp duty charges	As per State Stamp Act
Part payment/pre-payment charges	5% + GST (as applicable) For loans disbursed 4th October, 2023 onwards: Fee for more than 36 months, 2% fee is applicable otherwise 3%
Processing fee charges	up to 2% of the loan amount + GST as applicable

Get Personal Loan of Different Amounts

Personal Loan of ₹60,000

Quick cash for unexpected expenses.

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Personal Loan of ₹70,000

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Personal Loan of ₹80,000

More room for your bigger plans.

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Personal Loan of ₹1 Lakhs

Substantial funds for significant needs .

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Personal Loan of ₹2 Lakhs

Double the support for double the dreams.

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Personal Loan of ₹3 Lakhs

High-value loans for high-impact projects.

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Personal Loan of ₹5 Lakhs

Maximum funding for maximum flexibility.

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Your goals, our priority

Get a Personal Loan with ease!

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Important Links

Read on to know about the status of your loan, list of loan centers and more

Generation of loan account statement

Fair practice code for lenders

Download form

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Frequently Asked Questions

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.

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

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

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.

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.