Apply for Rs. 40,000 Personal Loan Online

With flexible terms and competitive interest rates, you can now secure a Rs. 40000 personal loan that suits your budget and lifestyle. Bajaj Finance offer personal loan of up to Rs. 55 lakh, making it easier than ever to fulfil various financial needs — 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. 40000 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 — simply enter your contact details to view the loan amount you're eligible for. The entire process is 100% online, ensuring a seamless and hassle-free application experience.

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.

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.

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

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
Piped gas bill
Pension order
Letter of Allotment of Accommodation Issued by Employer
Property / Municipal tax receipt
Utility bill
Real-time image / photograph
Ration card

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 Facility Charge	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	Bounce charges - Rs. 0 to Rs. 1,200 per bounce. Bounce charges” shall mean charges for (i) dishonour of any payment instrument; or (ii) 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. 8 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	Method of recovery of "Broken Period Interest/Pre monthly instalment Interest" would be as follows: EMI Date: 2nd Scenario 1: If Loan is disbursed on 1st or post 10th of the month: For Term Loan: BPI amount will be capitalised, i.e added to Principal amount on Due date / Deducted from disbursement For Flexi Loans: BPI amount will be capitalised, i.e added to Principal amount on Due date / Added to first instalment Scenario 2: If Loan is disbursed between 3rd and 10th of the month: First instalment will consist of interest for actual number of days EMI Date : 7th Scenario 1: If Loan is disbursed on 1st to 6th or post 10th of the month: For Term Loan: BPI amount will be capitalised, i.e added to Principal amount on Due date / Deducted from disbursement For Flexi Loans: BPI amount will be capitalised, i.e added to Principal amount on Due date / Added to first instalment Scenario 2: If Loan is disbursed between 7th and 10th of the month: First instalment will consist of interest for actual number of day.

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

*Terms and conditions apply.

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.

Salary requirements can vary. It’s important to review the eligibility criteria and terms and conditions before submitting your personal loan application.

You can apply online with basic documents for quick approval, with disbursal in just 24 hours*, depending on the application and verification process.