How to Get an Instant Loan of 50000 (2022)

How to Get an Instant Loan of 50000?

Getting an instant loan is not difficult as long as you have a good credit score and enough collateral to back it up.

You can get an instant loan with the help of payday loans that allows you to borrow money on the spot and pay it back in installments over a period of time that suits your budget.

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Instant Loan of 50000 Quick Recap

Instant loan app	Interest rate (per month)	Loan amount
Navi Loan	1.5% – 2.5%	Rs. 10,000 – Rs. 5 lakh
MoneyTap	1.2% – 1.5%	Rs. 3,000 – Rs. 5 lakh
Cashe	2% – 2.75%	Rs. 9,000 – Rs. 2 lakh
KreditBee	0% to 29.95%	Rs. 1,000 – Rs. 2 lakh
Zincash	1.4% – 3.00%	Rs. 10,000 – Rs. 5 lakh

1. Navi Instant Loan

Navi offers paperless loans of up to 5 lakh rupees. After you’ve submitted your KYC papers, the loan will be credited to your bank account.

The application process for a Navi quick personal loan is entirely digital. This is a no-collateral loan. With only a few papers, you may apply for a Navi quick loan.

Interest rate	12-30% per annum on reducing the balance
Loan Amount	From Rs. 10,000 to 5 lakh
Credit Score	Minimum 650 or above
Approval Process	Online
Loan Tenure	From 3 to 60 months
Eligibility Age	18 to 65 years
Processing Fees	2.5% of Loan Amount + GST Charge
Who Can Apply	Self-Employed/ Salaried Person/ Student

2. MoneyTap Loan

MoneyTap is a company that provides quick loans all throughout India. MoneyTap may provide you with a loan of up to Rs. 5 lakh. To apply for a loan, you only need a few papers.

The loan takes 24 hours to process. And the entire procedure is conducted entirely online. You may apply from the comfort of your own home.

Here’s what MoneyTap Instant Loan has to offer.

Interest rate	13-18% per annum
Loan Amount	From 3000 to 5 lakh
Approval Process	Online
Loan Tenure	A minimum of 2 months and a maximum of 36 months are required.
Eligibility Age	23 years to 55 years
Source of Income	Salaried Person or Self Employed
Monthly Income	Rs. 20,000 per month
Processing Fees	2% of the Loan Amount

3. Cashe Loan

Cashe, an app-based loan, may provide you with a loan of up to Rs. 4 lakh. Within 24 hours, you will receive an immediate personal loan.

Customers may borrow between Rs. 9,000 and Rs. 4 lakh using CASHe for a period of 90 to 540 days.

Interest rate	2.75% per month
Loan Amount	Rs. 9,000 to 4 lakh
Approval Process	Online
Loan Tenure	90 days to 1.5 years
Eligibility Age	23 years to 58 years
Source of Income	Salaried Person
Monthly Income	Rs. 12,000 per month
Processing Fees	2%-3% of the Loan Amount

4. KreditBee Loan

Kreditbee provides a quick Personal Loan. This lender offers 2 lakh loans with minimal documentation and an entirely online application procedure.

You don’t have to go to brunch to apply for a Kreditbee quick loan.

Interest rate	0% to 29.95% per annum
Loan Amount	Rs. 1,000 to 2 lakh
Approval Process	Online
Loan Tenure	2 months – 15 months.
Source of Income	Salaried / Self Employed
Processing Fees	1.5%-3% of Loan Amount

5. Zincash Loan

Zincash Personal Loan provides quick loans of up to Rs.2 lakhs. This may be done in minutes with no collateral or security deposit.

This is the ideal answer for individuals who need money quickly but don’t want to deal with the inconvenience of filling out lengthy paperwork and submitting it all over again to multiple institutions.

Apply today and receive your funds immediately- it’s that simple!

Interest rate	16% to 36% per annum
Loan Amount	Rs. 10,000 to 2 Lakh
Approval Process	Online
Loan Tenure	180 days to 18 months
Age Required	21 years or above
Processing Fees	3% + GST
Eligible For	Salaried Person / Self Employed

Benefits of Instant Loan

You can get the loan within 48 hours. It is a quick process and you can apply from home.

Apply for an instant loan with basic documents like Aadhaar Card and Pan Card. Also, you will require an active bank account.

It does not require any security like a Home mortgage. It is a fully collateral-free loan process.

Interest rates are affordable. The interest rate starts from 14% to 36% per annum.

The instant loan comes with a flexible EMI facility that is 3 months to 60 months. Choose flexible EMI repayment tenure as per your requirement.

FAQs of How to get an Instant Loan of 50000

Is CIBIL required to get an instant loan?

CIBIL shows your credit report. It is important if you apply for an instant loan through the app. They will check your credit score to give you the best loan offer.

How to apply for an instant 50,000 loan?

Fulfil the basic criteria and apply for an instant loan. Check out the step by step process to get the loan within 24hr.

I have a zero CIBIL Score. Can I get the loan?

If you have a zero CIBIL Score, you will not avail to apply. For an instant 50,000 loan, you will require a healthy credit score. But if you have a zero credit score, you can apply for a mudra loan through the nearest brunch.