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₹50,000 Personal Loan on PAN Card: Instant Approval, and Quick Disbursement in 2025
Published : January 31, 2025, 12:21 AM
Updated : January 31, 2025, 12:22 AM
Author :
Suju
Table of Contents
A ₹50000 loan on PAN card offers a quick and hassle-free way to access funds without extensive documentation. This type of loan is ideal for covering short-term financial needs, such as medical emergencies, travel expenses, or small business requirements. These types of loans have an interest rate ranging from 9% to 45% per annum with a repayment duration of 3 to 24 months. These loans also have a processing fee of 0.5% to 6%. With minimal eligibility criteria and no need for collateral, it has become a popular choice for individuals seeking immediate financial assistance.
50000 Loan on PAN Card - Quick Info
Acquiring a ₹50000 loan on PAN card in India is a fast, hassle-free process. These loans offer quick approvals and minimal documentation, making them ideal for urgent financial needs.
| Feature | Details |
| Loan Amount | ₹50,000 |
| Interest Rates | Between 9% p.a. and 45% p.a. (generally) |
| Credit Score | Usually, a score of 650 or above is preferred. |
| Loan Tenure | Ranges from 3 to 24 months. |
| Documentation | PAN card, ID proof (Aadhaar/Passport/Driving License), and Address Proof |
| EMI Eligibility | Based on the individual’s income, repaying capacity, and credit score. |
| Processing Fee | Typically, between 0.5% and 6% of the loan amount, depending on the lender. |
| Loan Disbursement Time | Instant to 24 hours post-approval, subject to verification. |
What are the eligibility criteria for a ₹50,000 loan on a PAN card?
To apply for a ₹50,000 loan on PAN card, certain eligibility criteria must be met. These criteria ensure that the loan is granted to applicants who can manage the repayment effectively. Here’s what you need to know:
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- Age Requirement: You must be between 21 and 65 years old.
- Citizenship: Applicants must be Indian citizens or residents.
- Income Criteria: A minimum monthly income of ₹15,000 is required.
- Credit Score: A credit score of 650 or higher is typically necessary.
- Employment: Lenders prefer borrowers with stable jobs or self-employment.
- Valid PAN Card: A PAN card is essential for identity verification and tracking an applicant's financial history.
What documents required for a ₹50,000 loan on a PAN card?
To apply for a ₹50000 loan on PAN card, you'll need to provide several key documents. These documents help verify your identity, income, and financial status, ensuring the lender has all the necessary information to process your loan application. They are as follows:
- PAN Card: Your Permanent Account Number (PAN) card is a primary requirement.
- Aadhaar Card: The Aadhaar card is another essential identity and address proof document.
- Proof of Address: You may need to provide additional address proof documents such as a utility bill, rental agreement, or passport.
- Proof of Income: This includes your salary slips for the last 3-6 months or bank statements showing your income.
- Bank Statements: Most lenders require bank statements for the last 3-6 months to assess your financial stability and regularity of income.
- Employment Proof: A letter from your employer, work ID, or any other documentation that proves you are currently employed and earning a stable income.
- Photographs: Passport-sized photographs are usually required as part of the application process for records and identification purposes.
How to get a ₹50,000 loan on a PAN card online without documents?
Getting a ₹50000 loan on PAN card without additional documents is possible through specific lenders who offer minimal documentation loans. Below is the step-by-step process:
- Step 1: Download the App: Start by downloading the NoBroker InstaCash app from your app store. Once installed, enter your basic details and complete the registration using your email ID and mobile number.
- Step 2: Link Your PAN Card: Link your PAN card to the platform and wait for the system to verify its authenticity.
- Step 3: Complete Aadhaar E-Verification: Proceed with the Aadhaar e-KYC process by entering your Aadhaar number and completing the biometric authentication. An OTP will be sent to finalize the verification.
- Step 4: Submit Your Bank Statement: Upload your bank statement for a detailed evaluation of your financial profile. This will help the platform assess your income and spending habits.
- Step 5: Provide Additional Details: Submit essential details such as your employment information, proof of residence, and any other relevant data required for verification.
- Step 6: Receive Your Loan: Once your documents are verified, the platform will present a loan offer. If you accept the offer, review the loan terms, and upon confirmation, the loan amount will be transferred directly to your registered bank account, allowing you to use the funds for your needs.
How to get a ₹50,000 loan on a PAN card online without salary slip?
Getting a ₹50000 loan on PAN card without salary slip is possible. Lenders may accept alternative income proofs like bank statements, ITR, or an income certificate. Here's a step-by-step process:
- Step 1: Visit the Lender’s Platform: Start by downloading the NoBroker InstaCash app. After installation, create an account using your email ID and mobile number.
- Step 2: Provide Personal Information: Fill in your personal details, including your name, address, and PAN card number. You’ll also need to submit proof of income, such as an income certificate, bank statement, ITR, or any other relevant document.
- Step 3: Complete KYC: Proceed with Aadhaar-based e-KYC for identity verification. Enter your Aadhaar number and mobile number; then you’ll receive an OTP on your registered phone. Enter the OTP to complete the verification.
- Step 4: Wait for Approval: The app will review your application and display the approved loan amount. If you’re satisfied with the offer, move on to the next step.
- Step 5: Receive the Loan Amount: Review the loan terms and sign the agreement. Once completed, the approved loan amount will be transferred directly to your bank account, typically within minutes.
How to apply for a ₹50,000 loan on PAN card?
Applying for a ₹50,000 loan on PAN card is a simple process. Financial institutions have streamlined the application process to ensure it’s quick and convenient. Here’s how you can apply:
- Step 1: Download the App: Download the NoBroker InstaCash app from your app store. Complete the registration by entering your basic personal details.
- Step 2: Do E-KYC: Submit your PAN and UID details via the app for quick e-KYC verification. This secure digital process eliminates the need for physical documentation.
- Step 3: Select the Loan Amount: Choose the loan amount you wish to apply for.
- Step 4: OTP Verification: Verify your mobile number and email ID through OTP to ensure secure communication.
- Step 5: Wait for Approval: The lender will assess your profile and determine the loan amount you qualify for.
- Step 6: Review Loan Terms: Carefully go through the loan terms, including interest rates and fees. If you’re satisfied, accept the digital loan agreement.
- Step 7: Select Bank Account: Choose your preferred bank account for loan disbursement and verify the details of your loan application.
- Step 8: Loan Disbursement: Once your loan is approved, the amount will be transferred instantly to your registered bank account.
- Step 9: Set Up Auto-Debit: Set up auto-debit instructions linked to your bank account to ensure timely EMI payments and help maintain a healthy credit score.
What are the interest rates and fees for a ₹50,000 loan on PAN card?
Interest rates and fees for a ₹50000 loan on a PAN card can vary depending on the lender. Here is a general overview based on some well-known lenders:
| Details | Information |
| Loan Amount | ₹50,000 |
| Tenure | 3 months - 5 years |
| Interest Rate | 9% - 44% per annum |
| Processing Fee | 1% - 2% of loan amount |
| Overdue Charges | 2% - 3% per month |
What are the benefits of a ₹50,000 loan on PAN card?
A ₹50000 loan on a PAN card offers several benefits, including quick approval, minimal documentation, and flexible repayment terms. Here are six key advantages:
- Easy Application Process: Applying for a ₹50000 loan on a PAN card is easy. The process is primarily online, requiring minimal paperwork. You only need to provide your PAN card details and a few other basic documents, making it a hassle-free experience.
- Quick Disbursal: One of the most attractive features of this loan is the rapid disbursal of funds. Once your application is approved, the loan amount is credited to your bank account quickly. This is especially useful in times of urgent financial needs.
- No Collateral Required: This loan is unsecured, meaning you don't need to pledge any assets or collateral to secure the loan. Your PAN card and creditworthiness are sufficient to get approval, which reduces the risk and stress associated with pledging assets.
- No Restrictions on Use: The loan can be used for any purpose, including medical emergencies, education, travel, or home repairs. The lender imposes no restrictions on how you utilise the loan amount.
- Flexible Repayment Terms: The repayment terms for this loan are flexible. You can choose a tenure that aligns with your financial situation, ranging from a few months to a few years. This flexibility ensures that the loan doesn't become a financial burden.
Which are the Top 5 cash loan apps to get a ₹50,000 loan on a PAN card?
When emergencies strike, quick cash loans can be a lifesaver. With just a PAN card, many apps offer instant loans of ₹50,000 or more. These platforms ensure fast disbursal and minimal paperwork, making them ideal for urgent financial needs. Here are the top 5 apps for ₹50000 loan on a PAN card:
1. NoBroker InstaCash
NoBroker InstaCash offers personal loans of up to ₹10 lakhs with attractive interest rates starting at 12.99% per annum. It ensures instant loan approvals, quick disbursal, and flexible EMI options through a fully digital process requiring minimal documentation. With the freedom to withdraw funds anytime, pay interest only on the utilised amount, and repay without hidden charges, it is a convenient solution. The app's intuitive interface, transparency, and collaboration with RBI-authorized NBFCs guarantee secure and hassle-free financial transactions, making it a superior alternative to traditional loan services.
Quick Info Table of NoBrokerInstaCash
| Attribute | Details |
| Loan Amount Range | Up to ₹10 Lakh |
| Interest Rate | Starting from 12.99% per annum |
| Processing Fee | Between 2% to 8% of the approved loan amount |
| Eligibility | Minimum 21 years old |
| Disbursal Time | Instant |
| Rating | 4.8/5 |
| Pros | Quick disbursals, Flexible EMI options, Competitive interest rates, Minimal documentation |
| Cons | Maximum limit of ₹10 Lakh. Processing fees could be high |
2. MoneyView
Established in 2014 by Puneet Agarwal and Sanjay Aggarwal, MoneyView is a leading provider of financial solutions, offering a wide range of products such as personal loans, home loans, business loans, loans against property, credit cards, and insurance. The platform offers loans ranging from ₹10,000 to ₹5,00,000, with flexible repayment tenures of up to 5 years and competitive interest rates starting at just 8.50% p.a. Powered by cutting-edge AI algorithms, it provides accurate risk assessment, enabling swift and hassle-free loan approvals.
Quick Info Table of MoneyView
| Category | Details |
| Loan Amount Range | ₹5,000 to ₹10,00,000 |
| Interest Rate | Starting from 1.16% per month (14% Annually) |
| Processing Fee | 2% of the approved loan amount |
| Eligibility | Should be 21-57 years old, Salaried / Self Employed, minimum monthly income ₹25,000, CIBIL score > 650 |
| Disbursal Time | As fast as 24 hours |
| Rating | 4.8 |
| Pros | Fast approval, flexible repayment options, paperless process, low credit score loans |
| Cons | High processing fees for some users, no part-prepayment allowed |
3. LazyPay
LazyPay, a Bengaluru-based digital lending platform and a part of PayU, a leading fintech company, was designed to simplify credit access. It provides instant personal loans, pay-later options, and bill payment services. With 100% paperless processing, one-tap payments, and flexible EMIs, the app ensures a hassle-free borrowing experience. Renowned for its intuitive interface and fast disbursal, LazyPay has become a preferred solution for meeting urgent credit needs while delivering an exceptional user experience.
Quick Info Table of LazyPay
| Category | Details |
| Loan Amount Range | ₹10,000 - ₹5,00,000 |
| Interest Rate | 15% to 32% per annum |
| Processing Fee | 2% to 4% of the loan amount |
| Eligibility | Indian residents, salaried or self-employed, minimum income ₹15,000 per month |
| Disbursal Time | In 24 hours |
| Rating | 4.2/5 |
| Pros | Instant approval, minimal documentation, quick disbursal |
| Cons | High interest rates compared to peers, limited loan tenure options |
4. StashFin
StashFin, a digital lending platform based in Bengaluru, India, operates under Akara Capital Advisors Private Limited, an RBI-registered NBFC. Designed to offer fair, fast, and affordable financial products, StashFin provides emergency loans of up to ₹5 lakhs with flexible repayment options. This top quick loan app emphasises a fully digital process, quick disbursal, and transparent pricing. With a focus on financial inclusion, StashFin is dedicated to helping individuals manage their finances effectively and efficiently.
Quick Info Table of StashFin
| Category | Details |
| Loan Amount Range | Upto ₹5,00,000 |
| Interest Rate | Starting from 11.99% |
| Processing Fee | 2% - 7% |
| Eligibility | Salaried / Self-employed, minimum monthly income ₹15,000, Should be 18 years and older |
| Disbursal Time | Within 24 hours |
| Rating | 4.1/5 on Google Play |
| Pros | Quick disbursal, high approval rate, 30-day interest-free period |
| Cons | High processing fees for some users, higher interest rates in some cases |
5. Olyv
SmartCoin, now rebranded as Olyv is a Bengaluru-based digital lending platform that was established in 2015. The app offers instant personal loans of up to ₹5 lakhs, using data science and machine learning to assess borrowers' risk profiles in real time. Partnering with RBI-registered NBFCs, Olyv ensures secure and efficient loan processing. Its mission is to provide financial access to millions of mobile users across India, making quick loans more accessible and hassle-free.
Quick Info Table of SmartCoin
| Category | Details |
| Loan Amount Range | ₹1,000 to ₹5,00,000 |
| Interest Rate | 18% - 30% per annum |
| Processing Fee | 2% - 12% of the loan amount + GST |
| Eligibility | Indian residents, 21-60 years old, salaried/self-employed, minimum income ₹20,000 per month |
| Disbursal Time | Within minutes of the application |
| Rating | 4.0/5 |
| Pros | Instant disbursal, minimal documentation, fully digital process |
| Cons | Higher interest rates for lower credit scores, processing fees could be higher |
Purpose of 50000 Loan on PAN Card
A ₹50000 loan on a PAN card can help meet various financial needs, making it a versatile option for borrowers. Here are 6 purposes for such a loan:
- Medical Emergencies: Unexpected medical expenses can arise anytime, and a ₹50,000 loan can provide the necessary funds to cover hospital bills, medications, or other urgent medical costs. This ensures you or your loved ones receive timely medical care without straining your savings.
- Education: Investing in education is essential, and this loan can help cover tuition fees, exam preparations, purchasing study materials, or enrolling in skill development courses. It allows you to focus on learning without worrying about financial constraints.
- Home Repairs: Homes require periodic maintenance and repairs. Whether it's fixing a leaky roof, repairing plumbing issues, or renovating a room, a ₹50,000 loan can help you address these urgent home repairs without delay, maintaining the comfort and safety of your living space.
- Travel: Everyone needs a break from routine, and a ₹50,000 loan can help you plan a much-needed vacation or a family trip. Whether it's a weekend getaway or an international trip, the loan provides the funds to create memorable experiences and recharge.
- Debt Consolidation: Managing multiple debts can be overwhelming. Using the loan to pay off multiple smaller debts and consolidating them into one manageable loan can simplify your finances. It helps you stay organised and potentially reduce the overall interest burden.
Things to Keep in Mind While Getting a ₹50000 Loan on PAN Card
When considering a ₹50000 loan on a PAN card, it's crucial to be mindful of several factors to ensure a smooth borrowing experience. Here are six key points to keep in mind:
- Eligibility Criteria: Review the lender's eligibility requirements, including age, steady income, credit score, and possibly employment tenure or income source.
- Interest Rates and Fees: Compare interest rates, as even small differences can affect your repayment. Also, check for processing, late payment, and prepayment fees.
- Repayment Terms: Understand the loan tenure and EMI amount. A shorter tenure may have higher EMIs but lower interest, while a longer tenure results in smaller EMIs but higher total costs.
- Documentation: Prepare documents like PAN card, Aadhaar card, address proof, and income proof (salary slips or bank statements) to avoid delays.
- Loan Amount and Purpose: Evaluate if ₹50,000 meets your needs and avoid borrowing more than necessary to prevent repayment issues.
- Lender Reputation: Research the lender’s credibility, customer reviews, and reputation to ensure transparent policies and avoid hidden charges or fraud.
How to get an instant loan with NoBroker InstaCash?
Getting a ₹50,000 loan on PAN card is no longer a hassle, thanks to seamless digital platforms. With minimal documentation and quick processing, fulfilling your urgent financial needs has never been easier. For a reliable and stress-free experience, choose NoBroker InstaCash and enjoy a smooth loan journey tailored to your requirements.
If you are looking for an instant loan, then choose NoBroker InstaCash. It is a one-stop solution for instant cash loans. With competitive interest rates, flexible repayment options, and fast approval, NoBroker ensures your financial needs are met quickly. Visit NoBroker InstaCash now and take the first step toward financial freedom.
Frequently Asked Questions
Ans: Once your documents are verified, you can receive the loan amount in your bank account within 24 hours to 2-3 business days, depending on the lender and platform.
Ans: No, a ₹50000 PAN card loan is typically unsecured, meaning no collateral is required. However, you will need to meet other criteria, such as income and credit score.
Ans: Yes, you can repay the loan with easy monthly instalments (EMIs). The repayment term can range from 6 months to 2 years, depending on the lender's terms.
Ans: Besides the interest rate, there may be additional charges such as processing fees, prepayment charges, or late fees. It's important to check the full loan agreement for transparency.
Ans: The repayment tenure for a ₹50,000 loan typically ranges from 6 months to 24 months, depending on the lender’s policies and the terms agreed upon at the time of loan approval.
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