Get instant personal loan of ₹50,000 with Navi
About ₹50,000 Personal Loan
Financial emergencies come unannounced. Instead of breaking your FD or any other savings instrument, you could opt for an instant personal loan of ₹50,000 with Navi. Enjoy competitive interest rates and flexible EMI options with Navi Personal Loan.
Getting a loan from Navi is easy and hassle-free. All you have to do is download the Navi app from Google Play Store and apply for the loan. The entire process is online – from application to disbursal. You will get the amount disbursed to your account within a few minutes.
Features and Benefits of ₹50,000 Personal Loan
Features and Benefits of ₹50,000 Personal Loan
How to Apply for a ₹50,000 Personal Loan?
How to Apply for a ₹50,000 Personal Loan?
Eligibility Criteria and Documents Required
Indian Resident 18-65 years of age
PAN Card Holder
Salaried or Self-Employed
Aadhaar Card Holder
₹50,000 Personal Loan Interest Rates in India
Navi provides Online personal loan at lucrative interest rates that start from 9.90% per annum. However, the interest rate set for you will depend on your eligibility.
| Interest Rate | 9.90% p.a. onwards |
| Processing Fee | Up to ₹7,500 |
| Loan Amount | Up to ₹20 lakh |
| Loan Prepayment Fee | Nil |
| Loan Tenure | From 3 to 72 months |
How to Calculate EMI on ₹50,000 Personal Loan?
You can either manually calculate the EMI on your ₹50,000 loan or use a personal loan EMI calculator. The formula for calculating your EMI amount is mentioned below:
EMI = P × r × (1 + r)n/((1 + r)n – 1) where P= Loan amount, r= interest rate, n=tenure in number of months.
Calculating the loan beforehand will help you set up a realistic budget. Along with that, it will also help you understand the monthly repayment commitments. However, calculating the EMI amount manually can get complicated. To help you with this, Navi offers a personal loan EMI calculator to calculate the EMI amount. You just need to provide the loan amount, rate of interest and tenure of the loan and the EMI amount will be visible on the screen.
Personal Loan Calculator
Loan Amount
Rate of Interest (P.a)
%
Loan Tenure (Months)
months
Monthly EMI
0
Total Interest
Total Amount
Why Choose Navi for your ₹50,000 Personal Loan?
Competitive rates and charges
We are here to make personal finance accessible to all. So, keeping the affordability factor in mind, we offer you one of the lowest interest rates in the market today.
Instant disbursal
If you need instant cash to cross any financial hurdle, choose Navi. It hardly takes a few minutes to apply and get the loan disbursed to your account if you are eligible.
No paperwork
100% app-based paperless process. You can apply for a loan from anywhere, anytime.
Various Use Cases of Personal Loan
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Frequently asked questions
Mentioned below are some of the factors that you should consider before taking a ₹50,000 personal loan:
- Credit Score: Your credit score determines whether you will get a loan or not. A credit score describes your creditworthiness. If your credit score is good, the loan approval will be quick. While a poor credit score might result in loan rejection.
- Loan EMI: Calculating the loan EMI in advance will help you balance your monthly repayment obligations better.
- Repayment capacity: Before taking a loan, think about whether you will be able to repay the loan. Missing EMIs might affect your creditworthiness.