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EMI: Rs. 45,000
INSTANT APPROVAL
LOWEST EMI
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EMI: Rs. 45,000
INSTANT APPROVAL
LOWEST EMI
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EMI: Rs. 45,000
INSTANT APPROVAL
LOWEST EMI
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All about Flexi Loan
EMI: Rs. 45,000
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EMI: Rs. 45,000
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EMI: Rs. 81,356
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EMI: Rs. 92,039
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EMI: Rs. 1,08,305
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EMI: Rs. 1,35,741
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EMI: Rs. 1,91,108
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EMI: Rs. 3,58,208
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EMI: Rs. 77,165
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EMI: Rs. 87,970
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EMI: Rs. 1,04,356
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EMI: Rs. 1,31,904
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EMI: Rs. 1,87,361
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EMI: Rs. 3,54,460
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Features and benefits of our personal loan
00:40
Features and benefits of our personal loan
Watch this video to know everything about our personal loan
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3 unique variants
Pick the loan variant that suits you best: Term loan, Flexi Term Loan, and Flexi Hybrid Loan.
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No part-prepayment charge on Flexi Term Loan (Flexi Dropline) & Flexi Hybrid Loan
Repay a part of your loan in advance, at no extra cost. You can part-pay as many times as you want.
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Loan of up to Rs. 55 lakh
Manage your small or large expenses with quick personal loans ranging from Rs. 20,000 to Rs. 55 lakh.
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Convenient tenures
Manage your loan easily with repayment options ranging from 12 months to 96 months.
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Approval in just 5 minutes
Complete your entire personal loan application online from the comfort of your home or wherever you are and get an instant personal loan with fast approval.
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Money in your account in 24 hours*
Your bank account will be credited with your loan amount within 24 hours* or, in some cases, on the same day of approval.
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No hidden charges
Our fees and charges are mentioned clearly on this page itself and also on our loan documents. We advise you to read these in detail before applying.
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No guarantor or collateral needed
You do not need to provide any collateral such as gold ornaments, property papers, or have someone stand as a guarantor.
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*Terms and conditions apply.
These features make this one of the best personal loans in India. Still haven’t found what you’re looking for? Click on any of the links at the top of this page.
Eligibility criteria of personal loan of Rs. 40 lakh
Before applying, use our personal loan eligibility calculator to assess your chances of approval. Key requirements for Bajaj Finserv Personal Loan include:
- Nationality: Indian
- Age: 21 years to 80 years*.
- Employed with: Public, private, or MNC.
- CIBIL Score: 685 or higher.
- Customer profile: Self-employed or Salaried
*You should be 80 years* or younger, at the end of the loan tenure.
Documents required for a Rs. 40 lakh personal loan
To apply for a Rs. 40 lakh personal loan, you'll need to submit a few essential 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
Know more about the personal loan documents requirement. Having these documents ready ensures a smooth application process and faster approval.
Rs. 40 lakh personal loan EMI for up to 10 years
Check out the illustration below for EMI for a Rs. 40 lakh loan over different tenures at an approximate 10% interest rate:
Tenure |
Approximate EMI at 10% Interest Rate |
Rs. 40 lakh loan for 1 year |
Rs. 3,51,663 |
Rs. 40 lakh loan for 2 years |
Rs. 1,85,461 |
Rs. 40 lakh loan for 3 years |
Rs. 1,29,073 |
Rs. 40 lakh loan for 4 years |
Rs. 1,01,453 |
Rs. 40 lakh loan for 5 years |
Rs. 84,990 |
Rs. 40 lakh loan for 6 years |
Rs. 74,064 |
Rs. 40 lakh loan for 7 years |
Rs. 66,634 |
Rs. 40 lakh loan for 8 years |
Rs. 60,978 |
Rs. 40 lakh loan for 9 years |
Rs. 56,560 |
Rs. 40 lakh loan for 10 years |
Rs. 52,748 |
Use our personal loan EMI calculator to get an accurate EMI estimate based on your preferred tenure and interest rate.
Rs. 40 lakh personal loan interest rate, fees and charges
Avail of an online personal loan at attractive interest rates and flexible repayment periods. Know more about the interest rates and associate charges.
How to apply for a personal loan of Rs. 40 lakh
Here is a step-by-step guide to get an instant personal loan of Rs. 40 lakh:
- Click on ‘APPLY’ at the top of this page to open our online personal loan application form. Enter your 10-digit mobile number and the OTP sent to your phone.
- Fill in the application form with your basic loan details, such as your full name, PAN, date of birth, and PIN code.
- Now, click on ‘PROCEED’ to visit the loan selection page.
- Enter the loan amount that you need. Choose from our three personal loan variants –Term, Flexi Term, and Flexi Hybrid.
- Choose the repayment tenure – you can select tenure options of 12 months to 96 months and click on ‘PROCEED’.
- Complete your KYC and submit your application.
Our representative will guide you on the next steps. The loan amount will be transferred to your bank account on the successful verification of your documents
Also read
Frequently asked questions
Anyone can get a Bajaj Finance Personal Loan by meeting the basic eligibility criteria to manage their big or small expenses. You can also check your pre-approved offer which requires minimal to no paperwork and get funds instantly into your bank account.
Here is a step-by-step guide to applying for a Rs. 40 lakh personal loan:
- Click on ‘APPLY’ to open our online application form.
- Enter your 10-digit mobile number and verify the OTP sent to your phone.
- Fill in the application form with your basic details, such as your full name, PAN, date of birth, and PIN code.
- Click on ‘PROCEED’ to visit the loan selection page.
- Enter the loan amount that you need. Choose from our three personal loan variants –Term, Flexi Term, and Flexi Hybrid.
- Choose the repayment tenure – you can select tenure options of 12 months to 96 months and click on ‘PROCEED’.
- Complete your KYC and submit your application.
Our representative will contact you for the next steps. The loan amount will be transferred to your bank account upon the successful verification of your documents.
The EMI for a Personal Loan of Rs. 55 lakh will vary as per the loan interest rate and loan repayment tenure. You can find out the EMI estimates using a personal loan EMI calculator. For example, if you take a personal loan of Rs. 40 lakh at an annual interest of 11.50% with a tenure of five years, you will have to pay an EMI of Rs. 87,970.
Tenure |
Approximate EMI at 11.50% interest rate |
2 years |
1,87,361 |
3 years |
1,31,904 |
4 years |
1,04,356 |
Bajaj Finance Personal Loan offers funds ranging from Rs. Rs. 55 lakhto Rs. 55 lakh. The following basic eligibility criteria must be met in order to apply for a personal loan.
- Nationality: India
- Age: 21 years to 80 years*.
- Employed with: Public, private, or MNC.
- CIBIL score: 685 or higher.
- Monthly salary: Starting Rs. 25,001, based on the city you live in.
*You should be 80 years* or younger, at the end of the loan tenure.
Bajaj Finance Personal Loan has no end-use restrictions, allowing you to comfortably cover a wide range of expenses including:
- Medical Emergency
- Wedding
- Higher Education
- Home Renovation
The salary requirement for a Rs. 40 lakh personal loan depends on the lender's policies and eligibility criteria. Generally, lenders assess the applicant's income, financial stability, and repayment capacity to determine the minimum income needed.
