₹24,959
Loan EMI
₹34,90,279
Total Interest Payable
₹59,90,279
The need for cash can arise anytime. It could be for paying planned and unplanned expenses, medical emergencies and car repairs, or to meet other financial commitments. Even though this cash crunch situation is temporary, the deficit can potentially disturb your monthly budget. If your cash deficit is ₹ 50,000, you can easily get a personal loan from MoneyTap's credit line and fulfill your monetary requirements.
Flagship phones are the company’s best phones equipped with top-shelf specs. However, the company can designate a flagship device in each price/specification tier. Nevertheless, buying a flagship phone is a luxury that not many people can afford. A small personal loan of ₹ 50,000 can help you own this luxury.
Even a playschool in a metro city can make you poorer by ₹ 50,000 to ₹ 1 Lakh. Paying such high fees can be tough if you are in a financial crisis. You can resolve this dilemma by simply taking an online personal loan to pay the fees.
A job loss comes with emotional and financial costs. While sometimes it's not possible to find another job with the same pay scale quickly, getting a personal loan to cover your expenses when you are in between jobs is a great option.
Health insurance doesn't cover the medical expenses associated with:
A personal loan can help cover the medical expenses that health insurance doesn't.
The coronavirus has changed the way we use laptops. With people spending time at home, laptops are now used as devices to work from home and attend online classes. If you need to buy a laptop, rather than using cash upfront and facing financial disruptions, you can consider taking a personal loan of ₹ 50,000 to make the purchase.
Yet another very common reason people can take a loan is to make home improvements/repairs. Some home improvements/repairs a ₹ 50,000 loan can cover are:
Domestic vacations and staycations are trending. But, travel is a privilege as many people find it difficult to travel without financial help. So, if you are planning a family vacation, romantic travel, or other vacations to get away from mundane activities and rejuvenate but can't afford the luxury, you can consider borrowing a personal loan to cover the travel expenses.
Whether the relocation is because of a personal reason (marriage) or a professional reason (company relocated or job change), most people don't realize the costs involved in relocating. There are quite a few expenses associated with relocation, and they include:
When you don't have the money to cover these expenses, the last thing you want is to have your move put on hold. A small personal loan of ₹ 50,000 can help cover some of these expenses and ensure a smooth and stress-free move.
There will be times when you are unable to work due to an injury or a sickness. If you do not have paid sick days, it can put you in a compromised financial position. Rather than worrying about paying your bills, a ₹ 50,000 personal loan can help you get through this hard time.
Your dream wedding has everything perfect – the venue, the bridal outfit, and the band, complete with a professional pre-wedding photoshoot. But if your savings are coming up short, an unsecured wedding loan is just what you need to keep your dream wedding from being derailed.
If you long to feel the wind in your face while cruising down the open roads, buying a motorcycle is probably on your mind. But, if you can't afford to buy the vehicle outright with cash, a two-wheeler loan is a great option without having to worry about making a down payment.
In some instances, an individual may encounter unexpected needs, such as an urgent medical situation, car repair, home repair, and other emergency situations. These are good reasons to take a small personal loan for quick access to funds to cover these expenses.
Most of the time, a salary doesn't cut it to live a comfortable life and fulfill your other necessities. In such cases, you need to find ways to increase your income. Running a side-business is a good option. A small loan as an initial investment can help you take your business off the ground.
Investing in your growth helps you secure a higher income in the future and solidify your foundation. You can use a ₹ 50,000 personal loan to fund your ambitions and future growth prospects.
Get an instant loan of ₹ 50,000 or up to ₹ 5 Lakh approved in just a few minutes through a hassle-free online application processed with minimal documentation.
Borrow any amount from ₹ 3,000 or up to your approved credit limit multiple times and pay interest only on your borrowed amount.
Enjoy affordable interest rates that start at 1.08% per month applied only on the amount you withdraw from your credit limit.
Get a MoneyTap-RBL Credit Card loaded with features, benefits, and rewards and use your approved credit limit for all types of online & offline purchases. Easily convert these purchases into affordable EMIs.
Choose the repayment schedule that allows you can comfortably pay. The flexible repayment option ranges from 2-36 months.
Applying for a personal loan of ₹ 50,000 with MoneyTap is a 100% digital process. You can either apply on the website or download the MoneyTap app.
Fill up basic details such as age, city, PAN number, & income so we can determine your eligibility.
After the approval from our system, we’ll schedule a KYC visit to your house / office to collect documents.
Credit line is ready to use! From the approved limit, transfer as much money as you need to your bank account.
The interest rate applied to your ₹ 50,000 personal loan depends on factors like your credit score, income, repayment capacity, etc. MoneyTap's interest rates on personal loans start from 13% to 18% per annum. Once your loan is approved, the interest rate and the repayment amount will be intimated to you.
The best part of taking a personal loan from MoneyTap is its no usage, no interest feature. It means that the interest rate is applied only to the amount you borrow from your credit limit. If you don't use any of the approved credit, no interest will be charged.
₹24,959
₹34,90,279
₹59,90,279
With MoneyTap’s line of credit you will have money available instantly 24x7 to use anytime, anywhere. Click below to experience its power.
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Here are some things you should look into before applying for a personal loan:
No. You cannot get a personal loan from any bank or NBFC if you do not have a bank account.
Yes. You can visit the website of the bank that approved your loan and set up auto-payments.
It's very easy to get a personal loan from MoneyTap. The end-to-end process is 100% online. You just have to download the app, register, submit your details and documents, and get pre-approved. The loan amount will be deposited into your account on the app once final approval is done.
The loan processing begins as soon as you submit your online loan application. Within just a few minutes, you will get to know whether your loan application is approved or not. If approved, the final approval will be done through KYC document verification in the next few days, after which the loan amount will be credited to your app account.
The best way to contact MoneyTap is through email. Write to us at hello@moneytap.com for all your queries and concerns.
Yes, your information is encrypted and safely stored in a system that has restricted access. To know more about the security protocols we follow, please read our privacy policy.
MoneyTap sends payment reminders to ensure that you don't miss your payments. However, if you default on your payments, there are consequences, such as:
So, the best thing you can do for a better financial future is to pay your EMIs on time.