Unexpected expenses don’t wait. Whether it’s a medical emergency, urgent bill payment, travel need, gadget purchase, or short-term cash shortage, a ₹40,000 personal loan applied online can help you manage your situation without stress.
With 24hrLoan, you can apply for a ₹40,000 personal loan online from multiple banks and NBFC lenders in one place. The process is fully digital, simple, and quick.
How to Help ₹40,000 Personal Loan?
A ₹40,000 loan is perfect when you need a medium-sized amount that is easy to repay. It helps you:
- Cover emergency medical expenses.
- Pay rent or utility bills.
- Fund travel or family functions
- Purchase a mobile, a laptop, or home appliances.
- Manage temporary cash flow issues.
Features of ₹40,000 Personal Loan
- Loan Amount: ₹40,000
- Loan Type: Unsecured personal loan
- Application Mode: 100% online
- Approval Time: Within minutes to 24 hours
- Disbursal: Direct bank transfer
- Repayment Tenure: 6 to 36 months
Benefits of Applying ₹40,000 Personal Loan
1. Collateral Free
You don’t need to mortgage property, gold, or any asset.
2. Fast Online Process
Apply from your mobile anytime, anywhere.
3. Multiple Lender Options
Compare offers from multiple banks and NBFCs in one place.
4. Flexible EMI Options
Choose a repayment tenure that suits your monthly income.
5. Transparent Charges
No hidden fees. You can see interest rates and charges clearly.
6. Helps Build CIBIL Score
Timely EMI payments improve your credit history.
Eligibility Criteria for ₹40,000 Personal Loan
Eligibility varies by lender, but general requirements include:
- Age: 21 to 55 years
- Employment: Salaried Person
- Minimum Monthly Salary: ₹12,000 is required
- Work Experience: Minimum 12 months
- CIBIL Score: -1/ 700+ preferred
- Salary must deposit to bank account
Even if your CIBIL score is slightly low, approval may depend on income and repayment capacity.
Also Read: Airtel Payment Bank Personal Loan: 9 Lakh Loan Online
Documents Required
To apply online, you generally need:
- PAN Card
- Aadhaar Card
- Salary slips (Last 3 months)
- Bank statement (last 12 months)
- Address proof
Apply for ₹40,000 Personal Loan Online
| Lenders | Interest Rate (p.a.) | Salary Per Month | |
| WeRize | 16% to 18% p.a. | Rs. 12,000 | Apply Now |
| MoneyView | 1.33% per month | Rs. 13,500 | Apply Now |
| InCred | 11.49% to 18% p.a. | Rs. 15,000 | Apply Now |
| Fibe | 24% to 30% p.a. | Rs. 18,000 | Apply Now |
| Prefr | 18% to 36% p.a. | Rs. 18,000 | Apply Now |
| Finnable | 16% to 22% p.a. | Rs. 15,000 | Apply Now |
| IDFC | 12.50% to 18% p.a. | Rs. 15,000 | Apply Now |
| PaySense | 1.4% to 2.3% per month | Rs. 18,000 | Apply Now |
| Upward | 9% to 32% p.a. | Rs. 18,000 | Apply Now |
| mPokket | 1% to 6% per month | Rs. 9,000 | Apply Now |
₹40,000 Personal Loan EMI Details
Your EMI depends on the interest rate and tenure.
Example EMI Calculation:
If you take a ₹40,000 loan at 20% interest for 12 months:
- Approx EMI: ₹3,700 – ₹3,800 per month
- Total repayment: Around ₹45,000 (approx.)
If you choose a longer tenure:
- EMI becomes smaller
- Total interest increases
Shorter tenure:
- Higher EMI
- Lower total interest
You can select the tenure based on your comfort.
Interest Rate & Charges
The interest rate depends on the lender and the borrower’s credit profile.
- Interest Rate: 16% to 30% per annum
- Processing Fee: Up to 3% of the loan amount
- Prepayment Charges: As per lender policy
- Late EMI Charges: Applicable if payment is delayed
Maintaining a good CIBIL score can help reduce interest rates.
How to Apply for a ₹40,000 Personal Loan Online
Follow these simple steps:
- Visit the 24hrLoan website.
- Select “Personal Loan”
- Enter loan amount ₹40,000
- Fill in your income and employment details.
- Upload documents or complete video verification.
- Compare offers from multiple lenders.
- Choose the best offer and submit an application.
Who Should Apply for a ₹40,000 Loan?
This loan is ideal for:
- Salaried employees
- Private company workers
- Small business owners
- Self-employed professionals
- First-time borrowers
Why Apply Through 24hrLoan?
- One application, multiple lenders
- Higher approval chances
- Quick digital process
- Transparent charges
- Trusted platform for loans and credit cards
Also Read: 90,000 Personal Loan Apply Online
Conclusion
A ₹40,000 personal loan applied online is a smart and practical solution when you need quick financial support without complicated paperwork. With flexible EMI options and fast approval, it makes it easy to manage emergencies.
Through 24hrLoan, you can compare and apply for the best loan offers from multiple banks safely and conveniently.