Looking to borrow funds instantly? Here are some ways you can get a loan of ₹40,000!
Avail Instant Personal Loans ✓ Loan up to 50 Lakhs ✓ Quick Disbursal ✓ Minimum Documentation!
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
|
Maximum Loan Tenure
|
Maximum Loan Amount
|
Minimum Interest Rate
|
|
|---|---|---|---|---|
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Bajaj Finance Limited |
72 months |
₹35 Lakhs |
11% p.a. |
|
CASHe |
12 months |
₹4 Lakhs |
27% p.a. |
|
Finnable |
60 months |
₹10 Lakhs |
15.95% p.a. |
|
InCred |
72 months |
₹10 Lakhs |
16% p.a. |
|
KreditBee |
24 months |
₹4 Lakhs |
18% p.a. |
|
Kissht |
24 months |
₹4 Lakhs |
14% p.a. |
|
moneyview |
60 months |
₹5 Lakhs |
16% p.a. |
|
mPokket |
10 months |
₹45,000 |
24% p.a. |
|
Olyv |
12 months |
₹5 Lakhs |
1.5% p.m. |
|
PaySense Partners |
60 months |
₹5 Lakhs |
15% p.a. |
|
Upwards |
36 months |
₹5 Lakhs |
1.5% p.m. |
|
Zype |
12 months |
₹5 Lakhs |
18% p.a. |
|
*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
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
PAN card
Aadhaar card
Voter ID
Driving licence
Passport
Address Proof: Any one of the following
Voter ID
Passport
Aadhaar card
Driving licence
Utility bill
- Income Proof: Salary slip or bank statement of the last 3 months
Also Check Other Instant Personal Loan Options |
|
Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.
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.
