Avail Instant Personal Loans ✓ Loan up to 50 Lakhs ✓ Quick Disbursal ✓ Minimum Documentation! Apply Now

Calculate EMI for ₹40,000 Personal Loan

Loan Amount
Tenure
Months
Rate of Interest
Personal Loan
Your Monthly Personal Loan EMI
Principal Amount
Total Interest
Total Amount Payable
Amortization Schedule
Download
Year EMI Principal Interest Balance

EMI for a Personal Loan of ₹40,000

To find out the EMI you may be asked to pay on a personal loan of ₹40,000, let us assume that the interest rate offered on the loan is 11% p.a. Now let us check how different tenures impact your monthly instalments.

Tenure

EMI Amount

Total Interest

Total Repayment Amount

12 months

₹3,535

₹2,421

₹42,421

24 months

₹1,864

₹4,739

₹44,739

36 months

₹1,309

₹7,137

₹47,137

48 months

₹1,034

₹9,614

₹49,614

60 months

₹869

₹12,170

₹52,170

Interest Rates for ₹40,000 Personal Loan

Our Partners
sort list
Maximum Loan Tenure
sort list
Maximum Loan Amount
sort list
Minimum Interest Rate
sort list
Processing Fee
sort list
Image

Bajaj Finance Limited

72 months

₹35 Lakhs

12.00% p.a.

Up to 4.72%(Inclusive of applicable taxes)

4.7
Image

CASHe

12 months

₹4 Lakhs

27.00% p.a.

₹1,200 or 2% of the loan amount, whichever is higher + GST as applicable

4.4
Image

Federal Bank

48 months

₹5 Lakhs

11.00% p.a.

0.70% - 2.80% of the loan amount

4
Image

Fibe

36 months

₹5 Lakhs

14.00% p.a.

Up to 3% of the loan amount

4
Image

Finnable

60 months

₹10 Lakhs

15.95% p.a.

Up to 3% of the total loan amount

4
Image

IIFL Finance

42 months

₹5 Lakhs

18.00% p.a.

2.50% - 4% of the loan amount + GST

4.1
Image

InCred

72 months

₹10 Lakhs

16.00% p.a.

2%-5% of the sanctioned amount

4.3
Image

Kotak Mahindra Bank

60 months

₹25 Lakhs

10.99% p.a.

Up to 1.10% - 1.50% of the loan amount + GST

4.2
Image

KreditBee

24 months

₹4 Lakhs

18.00% p.a.

From ₹500 to up to 6% of the loan amount

4.1
Image

L&T Finance

48 months

₹15 Lakhs

11.00% p.a.

Up to the 2% of loan amount + GST

4.6
Image

moneyview

60 months

₹5 Lakhs

16.00% p.a.

Starting from 2% of the approved loan amount

4.2
Image

mPokket

120 days

₹45,000

24.00% p.a.

₹50 to ₹200 + 18% GST (depending on the loan amount with a maximum APR of 48%)

4.1
Image

Muthoot Finance

60 months

₹15 Lakhs

14.50% p.a.

2% - 4% of the loan amount

4
Image

Olyv

12 months

₹5 Lakhs

1.50% p.m.

Based on the applicant’s profile

4.1
Image

PaySense Partners

60 months

₹5 Lakhs

15.00% p.a.

2% - 2.5% of the loan amount + GST or ₹500 + GST (whichever is higher)

4.3
Image

Privo

60 months

₹5 Lakhs

9.99% p.a.

1%-3% of the loan amount + GST

4.5
Image

SMFG India Credit

60 months

₹25 Lakhs

12.00% p.a.

Between 0% - 6% of the loan amount

4.2
Image

Upwards

36 months

₹5 Lakhs

1.50% p.m.

Up to 4% of the loan amount

4.3
Image

YES BANK

72 months

₹50 Lakhs

10.99% p.a.

Up to 2.50% of the loan amount

4.2
Image

Zype

12 months

₹5 Lakhs

18.00% p.a.

2% to 6% of the loan amount

4
View More

*Disclaimer: The aforementioned details and charges are subject to change at the lender’s discretion.

Features and Benefits

Low Interest Rates

Get attractive interest rates starting from 9.99% p.a. and save majorly on repayment costs

Multi-purpose Loan

Utilise the loan amount for medical emergencies, travel and more

No Collateral

Secure an online personal loan without the need for collateral submission

Eligibility Criteria and Documents Required

Here are some common criteria you are usually required to fulfil to be eligible for a personal loan:

  • Age above 21 years

  • Credit Score of 600 or above

  • Minimum monthly income of 15,000 

  • Work experience of at least 2-3 years

  • Indian citizenship

  • Employee type - Salaried or self-employed

Ensure to keep the following documents handy when applying for this loan:

  • ID Proof: Any one of the following

    1. PAN card

    2. Aadhaar card

    3. Voter ID

    4. Driving licence

    5. Passport

  • Address Proof: Any one of the following

    1. Voter ID

    2. Passport

    3. Aadhaar card

    4. Driving licence

    5. Utility bill

  • Income Proof: Salary slip or bank statement of the last 3 months

FAQ

How can I get an instant personal loan of ₹40,000?

You can apply for a loan of ₹40,000 on Bajaj Markets.

Can I get a loan of ₹40,000 without submitting a collateral?

You can borrow ₹40,000 with the help of a personal loan, which is an unsecured loan that does not require you to submit any collateral.

What is the minimum and maximum tenure for a loan of ₹40,000?

You can choose from tenures usually ranging between 12 months and 72 months to repay your loan.

Home
active_tab
Loan Offer
active_tab
Download App
active_tab
Credit Score
active_tab