Get instant Rs. 40,000 paperless digital loans. You will get the funds within 24 hours. Salaried or self-employed persons are eligible to apply. The maximum loan amount is up to Rs. 20 lakhs.
Take the hassle-free 40,000 loan online. The highest interest rate is 36% per annum. Let’s know more about how to take 40,000 loans online.
Features of 40,000 Loans Online
Fast Disburse: This is not a traditional loan process. The lender will send the loan amount within one day.
Flexible EMI Facility: You can choose a flexible EMI facility for up to 60 months. This will depend on various lenders. But you can customize it easily.
Paperless Application: As I say, it is not a traditional loan process. So, this is 100% digital approval. No need to provide physical documents.
Check Easily: The entire process is online. So, it is easy to check loan applications with a single click.
Attractive Interest: Take Rs. 40,000 loans online with a 9.9% to 36% interest rate p.a. Enjoy the competitive interest.
Easy to Manage: The digital process can be easy to manage for every customer. You can open applications through smartphones & manage them easily.
Eligibility Criteria for 40,000 Loans
Don’t require to fill hard criteria. You can easily complete the criteria through the following list:
Salaried Person
- India Nationality
- Age: 21 to 55 years
- Credit Score: -1/ 735+
- Rs. 12,000 net monthly salary
- 12 months job experience
Self Employed
- India Nationality
- Age: 21 to 55 years
- Credit Score: 735+
- Source of monthly income
Documents for 40,000 Personal Loans
Salaried Person
- Monthly in-hand salary Rs. 12,000
- Pan Card
- Aadhaar Card
- Proof of address (Utility bill/ Gas bill/ Water bill)
- Co-applicant Aadhaar Card
- 12 months bank statement
- Last month’s salary slip
Self Employed
- Pan Card
- Aadhaar Card
- 4 months’ bank statement
Different Lenders of Salaried Person
Lender | Interest Rate | Loan Amount | Minimum Net Salary |
WeRize | 16% to 21% p.a. | Rs. 30,000 to Rs. 5 lakhs | Rs. 12,000 |
CASHe | 2.25% per month | Rs. 1,000 to Rs. 4 lakhs | Rs. 12,000 |
MoneyView | 1.33% per month | Rs. 5,000 to Rs. 5 lakhs | Rs. 13,500 |
Navi | 9.9% to 45% p.a. | Rs. 10,000 to Rs. 20 lakhs | Rs. 15,000 |
Payme India | 18% to 42% p.a. | Up To 2 lakhs | Rs. 15,000 |
InCred | 11.49% to 18% p.a. | Rs. 50,000 to Rs.7. 5 lakhs | Rs. 15,000 |
IDFC | 12.50% to 18% p.a. | Up To 10 lakhs | Rs. 15,000 |
PaySense | 1.4% to 2.3% per month | Rs. 5,000 to Rs. 5 lakhs | Rs. 18,000 |
Upward | 9% to 32% p.a. | Up To 3 lakhs | Rs. 20,000 |
Different Lenders of Self Employed
Apps | Interest Rate | Loan Amount | Income Required |
Money View | 16% to 21% p.a. | Rs. 10,000 to Rs. 5 Lakh | NIL |
LazyPay | 2.25% per month | Rs. 5,000 to Rs. 1 Lakh | NIL |
Flipkart | 10.49% to 36% per annum | Rs. 50,000 to Rs. 5 Lakh | NIL |
mPokket | 1.33% per month | Rs. 500 to Rs. 30,000 | NIL |
Navi | 9.9% to 45% p.a. | Rs. 15,000 to Rs. 20 Lakh | NIL |
Privo | 18% to 42% p.a. | Rs. 5,000 to Rs. 2 Lakh | NIL |
Zype | 11.49% to 18% p.a. | Rs. 1,000 to Rs. 5 Lakh | NIL |
Hero Fincorp | 12.50% to 18% p.a. | Rs. 50,000 to Rs. 2 Lakh | NIL |
Prefr | 1.4% to 2.3% per month | Rs. 10,000 to Rs. 3 Lakh | NIL |
Home Credit | 9% to 32% p.a. | Rs. 10,000 to Rs. 5 Lakh | NIL |
40,000 Personal Loan Interest Rate & Charges
Minimum Interest Rate | 9.9% per annum |
Maximum Interest Rate | 36% per annum |
Processing Fee | Up To 5% + GST |
Late Charges | Applicable |
How to Apply for 40,000 Loans Online
Step 1: Choose lenders based on your source of income.
Step 2: Go to the lender page & check the eligibility criteria.
Step 3: Now, directly apply for a loan through the application button.
Step 4: Complete the step-by-step process.
Step 5: Get the loan offer as per your eligibility.
FAQs on 40,000 Loans Online
Can I get Rs. 40,000 personal loans?
You can easily take Rs. 40,000 personal loans. If you are a salaried person, your minimum net salary is Rs. 12,000 required. Also, self-employed people can apply based on credit scores & bank statements.
What is the interest rate for 40,000 loans?
It will decide by lenders. The lender takes interest from 9.9% to 36% per annum.