A 50000 personal loan is certainly not a small amount to borrow, but if you successfully meet all parameters which measures your chances of getting one, you will surely get one. There are few factors which decides whether you are eligible for a loan of that amount or not and one of the first and the foremost criteria is your credit rating and credit history.
Also, you should be able to show that you have a considerable amount flowing in your account every month, i.e. you have a steady job or income through your business. If you are self employed then your company status might also be required to see if you have any debts or pending loans which might become a reason to rethink for the lenders.
Banks are venues which most people wouldn’t want to go to because they have a very strict checking and criteria, especially if you need the money quick. Also, they charge high at times and there is loads of paper work which involved in getting the money from the bank, and the process is very time consuming and might as well be confusing for you, if you are taking loan for the very first time. Search online and you will find many lenders and agencies offering good deals, where money comes in your account within a day or maximum a week.
There are many agencies which are ready to give you loans quickly and without much paperwork, these loans are classified as unsecured and needs no collateral unlike banks where it might be compulsory. These fast lenders charge high rate of interests and you need to make sure you are in good position to be able to pay back at the earliest. Interest these lenders charge for loan for 20000 to 50000 is reasonably high but getting money quick proves to be instrumental as it solves your problems and saves you from falling in to bigger problems where you eventually might have to pay more than you will pay here.