Get Rs. 40,000 Personal Loan Online | Bajaj Finance Limited

With flexible terms and competitive rates, you can secure a Rs. 40000 personal loan, with an interest rate that fits your budget. Bajaj Finserv now offers loan of up to 40 lakh, making it easier than ever to meet your financial needs. Whether you're planning a wedding, funding education, or managing unexpected expenses, a personal loan can provide the necessary funds quickly. You can apply for a personal loan online through various platforms, ensuring a hassle-free experience. Visit Bajaj Finserv today to explore your options and find the best deal tailored to your requirements.

Flexible repayment tenure

Set a comfortable duration of up to 96 months, per your repayment capacity.
Reduced EMIs* with Flexi facility

Lower your EMIs by up to 45%* with a Flexi Personal Loan when you pay interest-only EMIs.
No guarantee necessary

Keep your assets safe as our unsecured loan personal loan of Rs. 40,000 does not require collateral.
Speedy loan approval

Get instant approval in just 5 minutes* on your online loan application when you meet our simple eligibility parameters.
Minimum paperwork

Ensure a quick application with just the essential documents for personal loan required to prove your eligibility for an instant personal loan.
Fast transfers of funds

Access money in your account in just 24 hours* from approval to meet urgent needs.
Online management 24/7

Use your account with our dedicated customer portal, to easily track or manage your loan.
Nil hidden charges

We offer 100% transparency in fees and charges for you to play your repayment efficiently.

Our personal loan of Rs. 40,000 is easy to apply for online with simple eligibility criteria.

Getting a personal loan with bad credit can be challenging, but options are available. For those who need a ₹40,000 personal loan despite having a low credit score, the process can still be straightforward. It requires only a handful of basic documents for fast approval, often within just 5 minutes*. You can secure this unsecured loan from your bank in as little as 24 hours*. This makes it a convenient choice during emergencies or whenever you need immediate access to funds. Don’t let bad credit hold you back—explore options that can meet your financial needs quickly.

We offer special benefits, including pre-approved loans for our existing customers, which require only your contact details to show you the amount you are eligible for. This online personal loan is available with just a click.

Our online loan management system helps you track the monthly payments and handle other loan activities on the go, 24/7. Expect 100% transparency with no undisclosed charges on the Bajaj Finance Personal Loan of Rs. 40,000. Simply read the terms and conditions to make an informed choice.

The personal loan EMI calculator helps you calculate the monthly payments in seconds. Use it before you apply to plan your repayment.

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Nationality

Indian
Age

21 years to 80 years*
CIBIL Score

685 or higher

Use the Personal Loan Eligibility Calculator to see if you qualify.

To help you make repayment throughout the tenure stress-free, our instant personal loan comes with a competitive interest rate on personal loan and nominal charges. Use our interest calculator to estimate your monthly payments and plan your finances effectively.

Type of fee	Applicable charges
Rate of interest	10% to 31% p.a.
Processing fees	Up to 3.93% of the loan amount (inclusive of applicable taxes)
Flexi Fee	Term Loan – Not applicable Flexi variant - A fee will be deducted upfront from the loan amount (as applicable below) Up to Rs. 1,999/- for loan amount less than Rs. 2,00,000 Up to Rs. 3,999/- for loan amount from Rs. 2,00,000 to Rs. 3,99,999 Up to Rs. 5,999/- for loan amount from Rs. 4,00,000 to Rs. 5,99,999 Up to Rs. 7,999/- for loan amount from Rs. 6,00,000 to Rs. 9,99,999 Up to Rs. 8,999/- for loan amount from Rs. 10,00,000 to Rs. 14,99,999 Up to Rs. 9,999/- for loan amount from Rs. 15,00,000 to Rs. 19,99,999 Up to Rs. 10,999/- for loan amount from Rs. 20,00,000 to Rs. 24,99,999 Up to Rs. 11,999/- for loan amount from Rs. 25,00,000 to Rs. 29,99,999 Up to Rs. 12,999/- for loan amount of Rs. 30,00,000 and above All the Flexi charges above are inclusive of applicable taxes Loan amount includes approved loan amount, insurance premium, and VAS charges.
Bounce charges	Rs. 700 to Rs. 1,200 per bounce. “Bounce charges” shall mean charges for non-payment of instalment (s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate or any other reason
Part-prepayment charges	Full prepayment Term Loan: Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment. Flexi Term Loan (Flexi Dropline): Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment. Flexi Hybrid Loan: Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as of the date of full payment. Part-prepayment Term Loan: Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as of the date of full prepayment. Not Applicable for Flexi Term Loan (Flexi Dropline) and Flexi Hybrid. *Foreclosure will be processed post clearance of first EMI
Penal charge	Delay in payment of instalment(s) shall attract penal charge of Rs. 8 - Rs. 12 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount.
Stamp duty (as per respective state)	Payable as per state laws and deducted upfront from loan amount.
Annual maintenance charges	Term Loan: Not applicable Flexi Term Loan (Flexi Dropline): Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges. Flexi Hybrid Loan: Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount during the initial tenure. Up to 0.295% (inclusive of applicable taxes) of total withdrawable amount during subsequent tenure.
Broken period interest / Pre-monthly Instalment interest	Broken Period Interest/Pre-monthly instalment Interest" shall mean the amount of interest on loan for the number of day(s) which is (are): Scenario 1: Over and above the period of 30 (thirty) days from the date of disbursement of the loan. Method of recovery of Broken Period Interest/pre-monthly instalment interest: For Term Loan: Deduct from disbursement or added in first EMI, as applicable. For Flexi Term Loan: Added to first instalment amount. For Hybrid Flexi Loan: Added to first instalment amount. Scenario 2: Less than period of 30 (thirty) days from the date of disbursement of the loan, interest on first instalment will be charged for actual number of days.

Note: Additional cess if any, will be applicable to all charges according to state law.

*Terms and conditions apply.

Documents required for a Rs. 40,000 personal loan

Below are the documents required to get our personal loan:

KYC documents: Aadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card
PAN card
Employee ID card
Salary slips of the last 3 months
Bank account statements of the previous 3 months
Utility bill of electricity and piped gas

Apply for a Rs. 40,000 loan from Bajaj Finance by following these steps:

1 Click on ‘APPLY ONLINE’ and open the application form
2 Share basic details and authenticate your information with an OTP
3 Enter the rest of the KYC, income, and employment data
4 Attach the essential documents required and submit the form for verification

Our associate will contact you to help with further loan processing. The funds will be transferred to your bank account within 24 hours* of approval.

*Conditions apply

Frequently asked questions

You can get a Rs. 40,000 instant loan by applying online from the Bajaj Finserv website. Once you complete the online application form in a few quick steps, update your KYC, and submit the required documents, our representative will contact you with the next steps.

A CIBIL Score of 685 or higher is required to get our personal loan.

The interest rate applicable on your personal loan depends on several factors such as your credit score, repayment history, monthly income, and so on.

You do not need to pledge any collateral to get our personal loan.

Your EMI depends upon the tenure and interest rate, apart from the amount. For example, for a Rs. 40,000 loan at an interest rate of 13% for a tenure of 2 years, will be approximately Rs. 1,902.

You need to have a solid credit history to get our personal loan. You also need a CIBIL Score of 685 to apply for our personal loan.

Yes, it is possible to secure a Rs. 40,000 personal loan, even for individuals with varying credit scores. Many lenders offer personal loans tailored to different financial situations.

Before taking a Rs. 40,000 personal loan, consider factors like interest rates, repayment terms, eligibility criteria, your credit score, and any associated fees. Understanding these can help you make informed decisions.

Yes, many lenders offer instant Rs. 40,000 personal loans with minimal documentation requirements. This quick approval process makes it convenient for those needing immediate funds for emergencies or urgent expenses.