Looking to borrow funds instantly? Here are some ways you can get a loan of ₹40,000!
Avail Instant Personal Loans ✓ Quick Disbursal ✓ Minimum Documentation!
You can apply for a personal loan of ₹40,000 on Bajaj Markets and benefit from interest rates starting at 9.99% p.a. Choose a repayment tenure of up to 96 months and repay the amount at your convenience. The digital application process, quick disbursal, and zero hidden charges make getting a personal loan on Bajaj Markets a great option.
The interest rates charged by lenders that offer personal loans of ₹40,000 are as follows:
Lenders |
Starting Interest Rate |
Bajaj Finance |
10% p.a. |
CASHe |
2.79% p.m. |
Finnable |
15.95% p.a. |
InCred |
16.00% p.a. |
Kissht |
14% p.a. |
KreditBee |
14% p.a. |
moneyview |
16% p.a. |
mPokket |
24% p.a. |
Olyv |
18% p.a. |
PaySense |
15% p.a. |
Privo |
9.99% p.a. |
Upwards |
18% p.a. |
Zype |
18% p.a. |
*Disclaimer: The mentioned rates are subject to change at the lender’s discretion.
The instalment amount for your personal loan of ₹40,000 is affected by the tenure you choose. Let’s say you took a loan of ₹40,000 and got an interest rate of 9.99% p.a. In this case, the EMI amount will differ depending on the tenure you select, as shown in the table below:
Tenure |
EMI Amount |
Total Interest Payable |
Total Repayment Cost |
1 year (12 months) |
₹3,516.45 |
₹2,197.39 |
₹42,197.39 |
2 years (24 months) |
₹1,845.61 |
₹4,294.7 |
₹44,294.7 |
3 years (36 months) |
₹1,290.50 |
₹6,457.99 |
₹46,457.99 |
4 years (48 months) |
₹1,014.31 |
₹8,686.94 |
₹48,686.94 |
5 years (60 months) |
₹849.68 |
₹10,981.10 |
₹50,981.10 |
6 years (72 months) |
₹740.83 |
₹13,339.89 |
₹53,339.89 |
7 years (84 months) |
₹663.84 |
₹15,762.62 |
₹55,762.62 |
8 years (96 months) |
₹606.75 |
₹18,248.47 |
₹58,248.47 |
*Note: These are approximate values and are meant only for illustration. For actual EMI values, reach out to your lender.
Here are some common criteria you are usually required to fulfil to be eligible for a personal loan:
Age above 18 years
Credit score of 750 or above
Minimum monthly income of ₹15,000
Work experience of at least 2-3 years
Indian citizenship
Employment 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
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.
Frequently Asked Questions
How can I get an instant personal loan of ₹40,000?
You can apply for a loan of ₹40,000 on Bajaj Markets. Just click on the ‘CHECK OFFER’ option on this page and provide your basic details to get started.
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 a few months to 8 years to repay your loan.
Can I get an instant ₹40,000 personal loan with minimal documents?
Yes. Apply for the loan on Bajaj Markets and get a personal loan of ₹40,000 with minimal documentation.
What is the CIBIL score required for a ₹40,000 personal loan?
Usually, having a CIBIL score of 750 or more is considered to be ideal for a personal loan of ₹40,000. However, this requirement may differ depending on the lender you choose. Hence it is essential to reach out to your loan provider for accurate details.
