Personal Loan of Rs. 40,000

Personal Loan of Rs. 40,000

Check your eligibility for personal loan of Rs. 40,000 with your phone and OTP - no branch visit needed.
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Loan Types

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Rs. 40,000 - Rs. 55 lakh

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You may be eligible for a pre-approved offer

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Enter mobile and OTP | Check offer | No branch visit needed

With flexible terms and competitive interest rates, you can now secure a Rs. 40000 personal loan that suits your budget and lifestyle. Bajaj Finance offers personal loans with simple eligibility criteria that you can use to manage different expenses — whether you're planning a wedding, managing unexpected medical expenses, or funding education.


Even if you have a low credit score, applying for a personal loan of Rs. 40,000 is still possible. With just a few basic documents, you can get approval in as little as 5 minutes*, and the funds may be disbursed within 24 hours*. This makes it a reliable solution during financial emergencies when time is of the essence.

Existing customers can enjoy exclusive pre-approved offers:


✅  Check your pre-approved loan offer with phone number and OTP → Apply online in 5 minutes → Receive funds within a day*.


Use our user-friendly online personal loan management system to stay in control of your EMIs, check loan details anytime, and manage your account on the go. Enjoy full transparency with no hidden charges when you apply for a personal loan of Rs. 40,000.

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Features and benefits of Rs. 40,000 personal loan

  • High loan amounts

    Manage both small and large expenses with quick personal loans ranging from Rs. 40,000 to Rs. 55 lakh—perfect for business investments, property purchases, or major life events.

  • Flexi loans

    Make multiple withdrawals from a dropline limit and pay interest only on the withdrawn funds, with our Flexi loans.

  • Pre-approved offers

    You can check if you have a pre-approved offer for a personal loan with just your phone number and OTP – no need to visit the branch.

  • Minimal paperwork

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

  • Convenient repayment tenures

    Manage your loan easily with flexible repayment options ranging from 12 months to 108 months, allowing you to choose EMIs that fit your income cycle and budget. The personal loan EMI calculator helps you calculate the monthly payments in seconds. Use it before you apply to plan your repayment.

  • Approval in just 5 minutes*

    Complete your entire personal loan application online from the comfort of your home or office and get an instant personal loan with lightning-fast approval.

  • Money in account within 24 hours*

    Your bank account will be credited with your loan amount within 24 hours* of approval, or in some cases, on the same day—ideal for urgent business or personal needs.

  • Complete transparency - no hidden charges

    Our fees and charges are mentioned clearly on this page and in all loan documents. We maintain complete transparency, allowing you to make informed financial decisions.

  • No guarantor or collateral needed

    Since it is an unsecured loan, you don't need to provide any collateral such as gold ornaments, property papers, or have someone stand as a guarantor—completely unsecured financing.

*Terms and conditions apply.
 

These features make this one of the best personal loans in India.


Interest rates and charges

To help you make repayment throughout the tenure stress-free, our 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.

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How to apply for a personal loan of Rs. 40,000

  • Step-by-step guide to apply for a personal loan

    1. Click on ‘CHECK ELIGIBILITY’ on this page.
    2. Enter your 10-digit mobile number and the OTP sent to your phone.
    3. Check if you have an offer. If not, fill in the application form with your basic loan details, such as your full name, PAN, date of birth, and PIN code.
    4. Now, click on ‘PROCEED’ to visit the loan selection page.
    5. Enter the offer or loan amount that you need. Choose from our personal loan variants.
    6. Choose the repayment tenure and click on ‘PROCEED’.
    7. Complete your KYC and submit your application.
       

    Our representative will contact you for further steps.


    Check your eligibility for personal loan using just mobile number and OTP – 100% online process.

How much EMI will I need to pay for a personal loan of Rs. 40,000?
 

TenureApproximate EMI at 10% interest rate
2 years1,844
3 years1,293
5 years891


 

Other instant personal loan options
 

Rs. 25000 Personal LoanRs. 30000 Personal Loan
Rs. 50000 Personal LoanRs. 60000 Personal Loan
Rs. 70000 Personal LoanRs. 80000 Personal Loan


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

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Key offerings: 3 loan types

  • Flexi Hybrid Term Loan
  • Flexi Term (Dropline) Loan
  • Term Loan

  • Withdraw and prepay – no extra charges
    You can withdraw from your limit and prepay as many times as you want, without extra charges.

  • Instalment pattern
    You can pay interest-only EMIs for up to 36 months, after which, the EMI will consist of both, the principal and the interest. EMI is applicable only on the withdrawn amount.

  • Flexi facility charges
    Flexi facility charges applicable based on your loan amount.

  • Withdraw and prepay – no extra charges
    You can withdraw from your limit and prepay as many times as you want, without extra charges.

  • Instalment pattern
    Fixed EMIs that cover both the principal and interest on the loan amount you withdraw.

  • Flexi facility charges
    Flexi facility charges applicable based on your loan amount.

  • Amount disbursed in one go
    The entire loan amount is disbursed at the start.

  • Instalment pattern
    Fixed EMIs that cover both the principal and interest.

  • Flexi facility charges
    No Flexi facility charges.

Personal loan interest rate and applicable charges

Type of fee

Applicable charges

Rate of interest per annum

10% to 30% p.a.

Processing fees

Up to 3.93% of the loan amount (inclusive of applicable taxes).

Flexi Facility Charge

Term Loan – Not applicable

Flexi Loans –Up To Rs 1,999 To Up To Rs 18,999/- (Inclusive Of Applicable Taxes)

Will be deducted upfront from loan amount.

Bounce charges

Rs. 700 to Rs. 1,200/- per bounce

“Bounce charges” shall mean charges for (i) dishonor of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonor of payment mandate or non-registration of the payment mandate or any other reason.

Part-prepayment charges

Full Pre-payment:

  • 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 (Dropline) Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount, as on the date of full prepayment.

  • Flexi Hybrid Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount, as on the date of full prepayment.

Part Pre-payment

  • Up to 4.72% (Inclusive of applicable taxes) of the principal amount of Loan prepaid on the date of such part Pre-Payment.

  • Not Applicable for Flexi Term (Dropline) Loan and Flexi Hybrid Term Loan.

Penal charge

Delay in payment of instalment(s) shall attract Penal Charge at the rate of up to 36% per annum 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 (Dropline) Loan:

Up to 0.295% (Inclusive of applicable taxes) of the Dropline limit (as per the repayment schedule) on the date of levy of such charges.


Flexi Hybrid Term Loan:

Up to 0.472% (Inclusive Of Applicable Taxes) Of The Dropline Limit During Initial Tenure. Up to 0.295% (Inclusive Of Applicable Taxes) Of Dropline Limit During Subsequent Tenure

Credit guarantee scheme feeUp to 1.18% p.a. (pro-rated daily till 31st March) (inclusive of all applicable taxes) of the loan amount
Credit guarantee scheme renewal feeUp to 1.18% p.a. (inclusive of all applicable taxes) on the outstanding loan amount as on April 01 of the subsequent Financial Year.
*Renewal Fee to be collected only for 3 subsequent financial years.
 
**If the Remaining Tenure is less than 12 months, the CG Fee in subsequent years shall be charged prorated.

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Disclaimer

Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.
For customer support, call Personal Loan IVR: 7757 000 000