RBL Bank Personal Loan of 50000

RBL Bank personal loan ₹50,000 is a multi-purpose credit option. Whether you need cash to cover medical emergencies, fund small personal events, or even consolidate high-interest debts, the bank ensures eligible applicants can receive the money within a day. You must also submit no collateral to be eligible for this multipurpose personal loan. Furthermore, the bank’s competitive interest rates and flexible repayment plans offer borrowers a convenient and manageable way to finance their immediate financial needs without undue stress. Continue scrolling down to learn more. Hereunder, we deploy details such as the ₹50,000 loan interest rate, expected EMIs, applicable eligibility criteria, required documents, and nearly everything you need to know about this instant ₹50,000 loan from RBL Bank.

Personal Loan Options for ₹50,000 in RBL Bank

RBL Bank personal loan ₹50,000 is a versatile credit option. However, some of the major purposes for which people usually apply are as follows: 

• Home Improvement: You can use the loan amount to renovate, repair, or furnish your house according to your preferences.
• Debt Consolidation: You can use the loan amount to pay off existing debts, especially if you struggle with hefty interest rates.
• Holiday: You can use the loan amount to travel to your dream destination without worrying about accommodation, food, shopping, or other costs.
• Medical: You can use the loan amount to attend to a medical emergency, such as hospitalisation, surgery, or treatment.
• Marriage: You can use the loan amount to cover the expenses of a wedding, such as booking a venue, buying jewellery, or paying for the events.

Features of Bank ₹50,000 Personal Loan

Let’s take a look at the applicable features of a ₹50,000 personal loan with instant approval: 

• No Collateral required  
• Multi-purpose credit option 
• Interest rates start at just 14% p.a.
• Loan tenure can extend up to 5 years.
• Available online application 
• Quick fund disbursement 

Can I Get a ₹50,000 Personal Loan Instantly From RBL Bank?

You can apply for an instant ₹50,000 loan from RBL Bank through the Urban Money website. Urban Money is India’s largest fintech platform, featuring a wide range of loan and credit products from more than 50 lenders, including RBL Bank. You can compare all available credit options, check your eligibility, calculate expected EMIs, and select the best that suits you. Following this, our personal loan specialist will contact you shortly to guide you through the application process until the funds are disbursed. You can typically expect to receive the funds within 24 business hours.

What Is the EMI for ₹50,000 Loan?

Here are the ₹50,000 personal loan EMI, with loan tenures ranging from 1 year to 5 years: 

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Interest Payable	Total Amount Payable
₹50,000	14% p.a.	1 year	₹4,489	₹3,868	₹53,868
₹50,000	14% p.a.	2 years	₹2,401	₹7,624	₹57,624
₹50,000	14% p.a.	3 years	₹1,709	₹11,524	₹61,524
₹50,000	14% p.a.	4 years	₹1,366	₹15,568	₹65,568
₹50,000	14% p.a.	5 years	₹1,163	₹19,780	₹69,780

Eligibility Criteria ₹50,000 Loan in RBL Bank

₹50,000 personal loan eligibility in RBL Bank is as follows: 

• Age: You must be between 25 and 60 years old.
• Income: You must earn a minimum monthly income of ₹40,000.
• Work Experience: You must have at least 1 year of experience with your current employer and 3 years of work experience.
• Nationality: You must be a citizen of India.

Documents Required ₹50,000 RBL Bank Loan

₹50,000 personal loan documents in RBL Bank are as follows: 

• Proof of Identity: PAN card, Driving license, Passport, or Aadhaar card.  
• Proof of Address: Utility bills, ration card, or voter’s ID.
• Proof of Income: Salary slip for the last 2 months.

How to Apply for ₹50,000 Personal Loan From Urban Money?

The application process for an RBL Bank personal loan of ₹50,000 is outlined below:

• Go to the Urban Money official website.
• Choose “Loan” and then the “Personal Loan” option.
• You’ll be taken to a “Personal Loan” page displaying top lenders across India.
• Click the “Apply Now” button next to the “RBL Bank” logo.
• A short online form will pop up where you must enter your name, mobile number, and city.
• Receive a 6-digit OTP on your phone, enter it, and click “Submit.”
• Within a day, a loan expert from our team will contact you via phone.