How to Get an Instant Loan of 50000

Instant Personal Loan at 12000 Sala...
Instant Personal Loan at 12000 Salaries in India

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.

Instant Loan of 50000 Quick Recap

Instant loan appInterest rate (per month)Loan amount
Navi Loan1.5% – 2.5%Rs. 10,000 – Rs. 5 lakh
MoneyTap1.2% – 1.5%Rs. 3,000 – Rs. 5 lakh
Cashe          2% – 2.75%Rs. 9,000 – Rs. 2 lakh
KreditBee0% to 29.95%Rs. 1,000 – Rs. 2 lakh
Zincash1.4% – 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 rate12-30% per annum on reducing the balance
Loan AmountFrom Rs. 10,000 to 5 lakh
Credit ScoreMinimum 650 or above
Approval ProcessOnline
Loan TenureFrom 3 to 60 months
Eligibility Age18 to 65 years
Processing Fees2.5% of Loan Amount + GST Charge
Who Can ApplySelf-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 rate13-18% per annum
Loan AmountFrom 3000 to 5 lakh
Approval ProcessOnline
Loan TenureA minimum of 2 months and a maximum of 36 months are required.
Eligibility Age23 years to 55 years
Source of IncomeSalaried Person or Self Employed
Monthly IncomeRs. 20,000 per month
Processing Fees2% 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 rate2.75% per month
Loan AmountRs. 9,000 to 4 lakh
Approval ProcessOnline
Loan Tenure90 days to 1.5 years
Eligibility Age23 years to 58 years
Source of IncomeSalaried Person
Monthly IncomeRs. 12,000 per month
Processing Fees2%-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 rate0% to 29.95% per annum
Loan AmountRs. 1,000 to 2 lakh
Approval ProcessOnline
Loan Tenure2 months – 15 months.
Source of IncomeSalaried / Self Employed
Processing Fees1.5%-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 rate16% to 36% per annum
Loan AmountRs. 10,000 to 2 Lakh
Approval ProcessOnline
Loan Tenure180 days to 18 months
Age Required21 years or above
Processing Fees3% + GST
Eligible ForSalaried 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