Get Personal Loan on Salary of ₹40,000 with Quick Approval
Poonawalla Fincorp offers Personal Loans at attractive interest rates and minimal documentation requirements. We are one of the leading NBFCs in the market offering Personal Loans for various purposes such as weddings, travel, home renovation, higher education, emergency medical expenses, etc.
If you are an individual with a monthly salary up to ₹40,000, Poonawalla Fincorp’s Personal Loan is the best choice for you. Our 100% digital process makes it convenient for individuals who are busy with their professional as well as personal commitments. You can click on the ‘Apply Now’ button and quickly apply for a Personal Loan.
₹40,000 Salary Personal Loan EMI Calculator
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Interest Rates & Charges on Personal Loan on Salary Up to ₹40,000
With Poonawalla Fincorp, you can apply for Personal Loan without pledging any of your personal assets as a security. Individuals who don’t possess any personal assets can easily apply for Personal Loan with an attractive interest rate. Interest rate is one of the major factors that influence your monthly instalments. You can use our monthly EMI calculator to plan your monthly EMIs. Along with interest rate, there are two major factors – loan amount and tenure that influence monthly EMIs. Our collateral-free loan is the best option for individuals with a ₹40,000 salary and who don’t aim to keep any asset as collateral.
Personal Loan Interest Rates | 9.99%* p.a onwards |
Loan Amount | ₹1 Lakh to ₹30 Lakh |
Loan Processing Fees | Up to 2% plus applicable taxes |
Lowest EMI Per Month | Starting from ₹2,124* per Lakh for 60 months |
Loan Tenure | 12-60 months |
Prepayments/Foreclosure Charges | 0%* If paid from own sources |
Late Payment Charges | 2% per month |
Cheque Bounce Charges | ₹500 per bounce plus applicable taxes |
Stamp Duty | At actuals (as per state) |
No Other Hidden Charges |
₹40,000 Salary Personal Loan EMI for Up to 5 Years
Suppose you are applying for ₹2 Lakh Personal Loan for ₹40,000 monthly salary. The value of the ₹2 Lakh Personal Loan EMI will vary for a ₹2 Lakh Loan for 5 years, a ₹2 Lakh Loan for 3 years, and a ₹2 Lakh Loan for 2 years. If we calculate the EMI for each tenure at approximately 9.99% interest rate, it will be as mentioned below:
- ₹2 Lakh Loan for 2 years - ₹ 9,228/month
- ₹2 Lakh Loan for 3 years - ₹ 6,452/month
- ₹2 Lakh Loan for 5 years - ₹ 4,248/month
To apply for Personal Loan with Poonawalla Fincorp, you need to meet the eligibility criteria for an instant loan of ₹2 Lakh. Once you meet the eligibility criteria, you can submit all the documentation online. Further documentation verification will be completed, and your loan amount will be disbursed to your bank account directly.
Tenure | Approximate EMI at 9.99% interest rate |
2 years | ₹9228/month |
3 years | ₹6452/month |
5 years | ₹4248/month |
Eligibility Criteria to get Personal Loan on a Monthly Salary Up to ₹40,000
Before you apply for a Personal Loan with Poonawalla Fincorp, you need to meet all the below-mentioned eligibility criteria:

Age

Monthly Income

Employment

Work Experience
- Age – The applicant loan should be between 24 and 57 years.
- Monthly Income – The borrower should have at least ₹40,000 monthly income.
- Employment – He/she should be employed full–time employed with a company at a central givernment, PSU, MNC, Listed, Unlisted Public Ltd., Private Limited Company, LLP, or companies which are listed internally to get a Poonawalla Fincorp Personal Loan.
- Work Experience – The applicant should be in current employment for a minimum of 1 months and should have a minimum of 12 months of total work experience.
Documents Required for a Personal Loan when Monthly Salary is ₹40,000
The documentation process helps in verifying all the information provided by the borrower. With our online documentation process, you can directly upload all the required documents online within minutes. Below is the list of required documents that you need to submit while applying for a Personal Loan:
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KYC documents
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Address proof
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Income documents
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Employment proof
- KYC documents like Aadhaar/PAN Card
- Current address proof (Passport/Utility bills/Rent Agreement)
- Latest salary slips and salary credit bank statements from the last 3 months
- Proof of employment, such as official mail ID confirmation /Emp ID Card
Features & Benefits of ₹40,000 Salary Personal Loan
Poonawalla Fincorp’s Personal Loan is customized as per the requirement of the borrower. We understand every borrower is unique and has specific financial requirements. Our Personal Loans cater to various needs and requirements of borrowers from all over the country. Individuals with a monthly salary up to ₹40,000 can easily apply for Personal Loan with Poonawalla Fincorp.
Features and benefits such as minimal documentation, no collateral requirement, attractive interest rate, quick disbursal, no hidden charges, no end usage restrictions, flexible repayment tenure, etc. make it an obvious choice for borrowers.
How to Apply for ₹40,000 Salary Personal Loan
Poonawalla Fincorp provides the comfort and convenience of applying for a Personal Loan from anywhere and anytime. With integration to advanced technology and a completely digital process, you can apply for a Personal Loan online. To apply for a Personal Loan, you can follow the below-mentioned steps:
- Step 1: Click on ‘Apply Now’ on our website and fill in the personal loan application form.
- Step 2: Enter your KYC details and upload the documents required for a Personal Loan.
- Step 3: Await application assessment and verification.
- Step 4: Receive confirmation on loan approval.
- Step 5: Approve and authorize Personal Loan online disbursal.
Apply for an Instant ₹40,000 Salary Personal Loan within 5 Minutes


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Online
Apply Online
Click on Apply Now and fill in the complete application.


Personal
Details
Personal Details
Enter your DOB, qualification and residential details


Verification
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Frequently Asked Questions on ₹40,000 Salary Personal Loan
Once you meet the eligibility criteria set by Poonawalla Fincorp, you can avail Personal Loan of up to ₹30 Lakh. However, the exact loan amount will depend on factors such as your debt repayment history, income level, CIBIL score, relationship with the lender, etc.
Yes, you can get a Personal loan for ₹40,000 salary. We have a completely online process where you can apply for a Personal Loan online by visiting our website followed by filling out the application form and uploading documents. Once the documents are verified, your loan amount will disburse directly to your bank account.
If you are looking for Personal Loan for ₹40,000 salary, Poonawalla Fincorp is an ideal option for you. Before applying for a Personal Loan, you need to meet the below mentioned eligibility criteria:
- Age – The applicant loan should be between 24 to 60 years.
- Monthly Income – The borrower should have at least ₹40,000 monthly income.
- Employment – He/she should be full-time employed with a company at a central and state govt., PSU, MNC, Listed, Unlisted Public Ltd., Private Limited Company, LLP, schools and colleges, or companies which are listed internally to get a Poonawalla Fincorp Personal Loan.
- Work Experience – The applicant should be in current employment for a minimum of 1 months and should have a minimum of 12 months of total work experience.
If you are applying for a Personal Loan with Poonawalla Fincorp, you must match the minimum income requirement of ₹40,000 monthly salary. If you don’t meet the minimum income requirement of ₹40,000 monthly salary, you might not be able to apply for Personal Loan.
*Terms & Conditions Apply