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 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|
|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|
|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|
|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|
|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|
|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.
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