How to Take 40,000 Loans Online

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