Jio Loan Apply 2024

Hello friends, if you need money right now then you can take loan up to Rs 50,000 from jio file company. Easygov option is given in Myjio app from where you can take this loan. In this loan, the money is transferred to your bank account in just 48 hours.

You get twelve months to 60 months to repay the loan and these loans are available without any security. If you want to take loan without going to any bank and without doing banking verification then you can show take loan from jio payment bank. Where you get many banking offers. We will tell you about how to take a loan of Rs 50 thousand from Jio Payment Bank.

Eligibility for ₹50,000 loan from Jio Payments Bank

  • The borrower must be a citizen of India.
  • He must have his own Aadhaar card.
  • Non-NR person should have address proof documents.
  • Income proof documents like pay slip, ITR slip and six months bank statement
  • Your mobile number should be linked with Aadhaar card.

Jio Payment Bank Loan Calculation of ₹50,000

Friends, if you take a loan of up to Rs 50,000 from Jio Payment Bank, then you should calculate how much PMI you have to pay monthly. For example, if you have taken a personal loan of up to ₹50,000 with a that repayment tenure of up to 12 months and the interest rate starts at 19.5 percent per annum. Then the calculation will be as follows.

  • Loan amount Rs 50,000
  • Annual Interest Rate 19.5%
  • Repayment period (tenure) 12 months
  • Monthly EMI – 4620
  • Principal Amount- Rs 50,000
  • Interest Amount- Rs 5437
  • Total Amount- ₹55,437

Documents required to take a loan of Rs 50,000

  • Aadhar card
  • PAN card
  • Email Id
  • Mobile number
  • Six months bank statement
  • Passport size photograph

How much interest rate will have to be paid?

If you take a personal loan of up to Rs 50,000 from Jio Payments Bank and where the annual interest rate starts from 14%. And the maximum interest rate is up to 42%. How much interest rate you have to pay any depends on your CIVIL score. If you have a good CIVIL score, you will get a loan at a lower interest rate.

Jio Payment Bank ₹50,000 Loan Process

  • First you have to install myjio app in your mobile phone.
  • Now register using your mobile number.
  • Click on the Easygov option on the home page of the app.
  • A new page will open in front of you where you will get two options to take a loan from which select Personal Loan, Personal Loan 48 Hour.
  • Select the amount you want to borrow.
  • Enter the time for which you want to take the loan here.
  • Then you have to fill the requested information and finally submit the application form.
  • Now your application will go under review and after some time the loan amount will be transferred to your bank account.
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