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

LenderInterest RateLoan AmountMinimum 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

AppsInterest RateLoan AmountIncome Required
Money View  16% to 21% p.a.Rs. 10,000 to Rs. 5 LakhNIL
LazyPay  2.25% per monthRs. 5,000 to Rs. 1 LakhNIL
Flipkart  10.49% to 36% per annumRs. 50,000 to Rs. 5 LakhNIL
mPokket  1.33% per monthRs. 500 to Rs. 30,000NIL
Navi  9.9% to 45% p.a.Rs. 15,000 to Rs. 20 LakhNIL
Privo  18% to 42% p.a.Rs. 5,000 to Rs. 2 LakhNIL
Zype  11.49% to 18% p.a.Rs. 1,000 to Rs. 5 LakhNIL
Hero Fincorp  12.50% to 18% p.a.Rs. 50,000 to Rs. 2 LakhNIL
Prefr  1.4% to 2.3% per monthRs. 10,000 to Rs. 3 LakhNIL
Home Credit  9% to 32% p.a.Rs. 10,000 to Rs. 5 LakhNIL

40,000 Personal Loan Interest Rate & Charges

Minimum Interest Rate9.9% per annum
Maximum Interest Rate36% per annum
Processing FeeUp To 5% + GST
Late ChargesApplicable

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.

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