Loan Amount
Up to ₹50 Lakh
Interest Rate
Starting at 9.99%* p.a.
Loan Tenure
12 to 84 Months

Get a Personal Loan on ₹40,000 Salary Online

Avail of a Personal Loan on ₹40,000 monthly salary for higher studies, vacation, marriage-related expenses and much more! Poonawalla Fincorp offers an unsecured personal use loan with no restrictions on end use with minimal charges, a simple online application process, easy eligibility criteria and quick approval. Apply now and avail all the benefits today!

Why Choose Poonawalla Fincorp

No Collateral
Required
Faster Loan
Approval
Flexible
EMIs
Competitive
Interest Rate
Minimal
Documentation
No Hidden
Charges

EMI Calculator for a Loan on ₹40,000 Salary

Estimate your EMI by using our Personal Loan EMI calculator. Just enter the loan amount, interest rate and tenure to check your EMI amount within seconds. Try now!

Optimise Your Personal Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹100000
Interest Payable
₹5,493

Loan Amount

Rupees one lakh

Interest Rate

%
9.99 %
30 %

Tenure

Months
12Months
84Months

Apply for a Personal Loan In Just 3 Steps

Click on “Apply Now”

Tap the “Apply Now”button to initiate your application.

Enter Details

Enter your DOB, PAN card number, monthly income, and residential details.

Upload Documents

Upload the necessary documents for quicker approval.

Get exclusive offers thoughtfully customised just for you

Eligibility Criteria for a Personal Loan on ₹40,000 Salary

Fulfil our minimal criteria to avail a loan for personal use:

  • Age: Between 21 and 60 years.
  • Citizenship: Indian.
  • Employment Type: Full-time job at a private or public sector organisation.
  • Work Experience: 1 year or more with at least 1 month at current job.
  • Net Monthly Salary: At least ₹30,000.

Documents Required for a Loan on ₹40,000 Salary

Submit just a few essential documents:

  • KYC Documents: PAN Card, Driving License, Aadhaar Card, Voter ID or Passport.
  • Income Proof: Salary slips and bank statements for the last 3 months
  • Proof of Employment: Official mail ID or Employee ID Card.
  • Address Proof: Rent Agreement, Utility Bills, or Passport.

Note: The list of documents mentioned above is indicative. Additional documents may be required during the loan processing stage.

Interest Rate and Charges for a Loan on ₹40,000 Salary

We offer personal use loan at attractive interest rate and minimal charges:

Interest Rate
9.99%* p.a. onwards
Loan Amount
₹1 Lakh to ₹50 Lakh
Loan Processing Fees
Up to 3% plus applicable taxes
Lowest EMI Per Month
Starting from ₹2,124* per Lakh for 60 months
Loan Tenure
12 – 84 months
Prepayment/Foreclosure Charges
0% if paid from own sources
4% if paid from other sources
Default Charges
24% p.a. + taxes
Repayment Instrument Dishonour Charges
₹500 per bounce plus applicable taxes
Stamp Duty
At actuals (as per state)
Hidden Charges
Nil

Default Charges: Penalty will be charged for nonpayment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.pdf

*T&C Apply

Different Uses of a Personal Loan on ₹40,000 Salary

  • Cover higher education costs
  • Debt consolidation
  • Host a grand wedding
  • Make high-value purchases
  • Purchase your dream car

Tips for Successful Personal Loan Application

  • Meet the loan eligibility criteria
  • Maintain a low debt-to-income ratio
  • Track your credit score and repayment history
  • Prepare all necessary documents
  • Avoid multiple loan applications

Get Funds Quickly With
Minimal
Documentation

1

Click 'Apply Now' Fill out the online form to start your loan application.

2

Upload Documents Provide your KYC documents to complete the verification.

3

Get Funds Get the loan amount
disbursed to your bank account.

Happy Customers, Happy Us

Get Exclusive Access to Simplified
Personal Finance Information at
Poonawalla Fincorp’s FinHub

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Frequently Asked Questions

How much loan amount can I get with a ₹40,000 salary?

You can get a loan of up to ₹50 Lakh for a Personal Loan on ₹40,000 salary depending on your creditworthiness, eligibility, and our internal policy.

Are there any hidden charges for availing of a personal use loan?

No, there are no hidden charges levied on Poonawalla Fincorp’s Personal Loan. All the fee and charges are mentioned upfront and are mentioned on the agreement.

What is the maximum loan tenure for a Personal Loan on ₹ 40,000 monthly salary?

The maximum loan tenure is 84 months for a Personal Loan on ₹40,000 monthly salary.