40 Lakh Personal Loan

Name: 40 Lakh Personal Loan
Brand: Paisabazaar
Rating: 4.2 (2839 reviews)

Looking for a personal loan of 40 lakh? Download Paisabazaar app and check the interest rates and other offers by various lenders. Check the pre-approved offers by our partner lenders and apply for a loan amount of Rs 40 lakh with the bank/NBFC that best suits your requirements.

Wide Choice

Curated offers from 30+ lenders

Quick Disbursal

Money in your account instantly

SmartMatch

Offers ranked according to eligibility

Digital Process

Hassle-free & paperless

Customer Rating

4.2_/5

2839 Reviews

51M+Satisfied Customers

65+Lending Partners

800+Cities across India

Get up to ₹1,000*

Voucher on disbursal

Valid till 15^th September '25

Valid till 15^th September '25*T&C Apply

Check Personal Loan Offers Online

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Customer Rating

4.2_/5

2839 Reviews

51M+Satisfied Customers

65+Lending Partners

800+Cities across India

Paisabazaar Exclusive Benefits

Wide Choice

Curated offers from 30+ lenders

Quick Disbursal

Money in your account instantly

SmartMatch

Offers ranked according to eligibility

Digital Process

Hassle-free & paperless

Personal Loan EMI Calculator

Amount

₹

₹1 L

₹5 L

₹10 L

₹15 L

₹20 L

Amount

₹1 L

₹5 L

₹10 L

₹15 L

₹20 L

₹

50K50L

Rate of Interest(Per Annum)

8%30%

Tenure

1Y 10Y

Your Monthly EMI Payment

₹0

Principal Amount₹0

Interest Amount₹0

Total Amount₹0

Find Best Personal Loan Offers

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HDFC Bank

10 Second Disbursal*100% Digital Process*Quick Disbursal

Max. Loan Amt.Upto ₹25L

Rate of Interest9.99% - 12.5%

Tenure upto1-5 Years

Processing Fee₹ 6,500

Axis Bank

Low Processing fee

Max. Loan Amt.Upto ₹40L

Rate of Interest9.99% - 17.15%

Tenure upto1-5 Years

Processing Fee1% - 1.5%

Kotak Mahindra Bank

Lowest Income requirement100% Digital Process*

Max. Loan Amt.Upto ₹25L

Rate of Interest10.5% - 17.2%

Tenure upto1-5 Years

Processing Fee1.1% - 1.5%

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Why Choose Paisabazaar?

Compare & Choose the Best Offer

Pre-approved Offers with Instant Disbursals

Know Your Chances of Approval

End-to-End Digital Process

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Personal Loan Interest Rates for Loan Amount of Rs 40 Lakh

Personal loan interest rates usually start from 9.99% p.a. onwards. Lenders offer interest rates depending on the credit profile and repayment capacity of the applicant. Applicants with an excellent credit profile and strong repayment capacity are usually offered lower personal loan interest rates and higher loan amounts. Some lenders also offer personal loan to applicants having a poor credit profile or no credit history, but at higher interest rate.

Fees and Charges for Personal Loan of Rs 40 Lakh

Particulars	Charges
Processing Fees	Up to 4% of the loan amount
Prepayment Charges	Up to 5% of the outstanding loan amount
Penal Charges	Up to 2% p.a.
EMI Bounce Charges	Rs 400

Who is Eligible for a Personal Loan of Rs 40 Lakh

Lenders usually set the personal loan eligibility of their applicants after factoring in their age, credit score, employment profile, employer’s profile, monthly income, EMI/NMI ratio, etc. Individuals who are eligible to avail a personal loan of Rs 40 lakh are mentioned below:

Nationality-Indian
Age-18 to 60 years
Employment Profile- Salaried and self-employed
Minimum monthly income-Rs 25,000
EMI/NMI ratio- 50-55% including the existing and proposed EMIs
Credit Score- Usually 750 and above

Documents Required During Personal Loan Application

Below-mentioned are the personal loan documents required during personal loan application.

ID Proof- Aadhaar card, PAN card, Voter ID, Driving License, Passport
Address Proof- Aadhaar card, PAN card, Utility bills, Voter ID, Driving License, Passport
Bank Statement- for last 6 months
Salary Slip- for last 3 months

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EMI Calculation for Personal Loan of Rs 40 Lakh

Below-mentioned is the EMI of personal loan of Rs 40 lakh offered @ 9.99% p.a. various tenures. Applicants can use online personal loan EMI calculators to calculate the same.

Loan Amount (Rs)	Tenure	Interest Rate	EMI (Rs)
4000000	1 year	9.99%	3,51,645
4000000	2 years	9.99%	1,84,561
4000000	3 years	9.99%	1,29,050
4000000	4 years	9.99%	1,01,431
4000000	5 years	9.99%	84,968

Swipe to see more table data

How to Apply for a Personal Loan of Rs 40 Lakh through Paisabazaar App

Step-by-step process of applying for personal loan of Rs 40 lakh though Paisabazaar app:

Download the Paisabazaar app
Click on personal loans
Fill in the required details
View curated offers from various lenders
Opt for the one that best suits your requirements

Explore Personal Loan Offers for Various Loan Amounts

1 Lakh Personal Loan	2 Lakh Personal Loan
4 Lakh Personal Loan	5 Lakh Personal Loan
6 Lakh Personal Loan	10 Lakh Personal Loan
15 Lakh Personal Loan	20 Lakh Personal Loan
30 Lakh Personal Loan	3 Lakh Personal Loan
50 Lakh Personal Loan	75 Lakh Personal loan

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Explore Our Personal Loan Lenders

Avail Personal Loan For
All Your Needs

FAQs

The loan amount offered to the applicants depends on the repayment capacity, credit score and monthly income of the applicant.

Lenders usually offer interest rates starting from 9.99% p.a. depending on the credit profile of the applicant. However, some PSU banks might offer lower interest rates to their personal loan applicants.

You can calculate the total interest cost of your personal loan with the help of personal loan EMI calculator. All you need to do is enter the loan amount, interest rate and loan tenure and get the total EMIs and interest cost instantly.

The total interest cost of personal loan of Rs 40 lakh offered at 9.99% p.a. and for tenure of 7 years would be Rs 15,76,262.

The total interest cost of personal loan of Rs 40 lakh offered at 9.99% p.a. and for tenure of 5 years would be Rs 10,98,110.

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What our customers say

Personal Loan

Maine Paisabazaar se personal loan apply kiya or Jaldi approval bhi mil gaya aur zyada documents bhi nahi lage.

Abbaz AhmedApr 10, 2025

Got pre-approved Loan offer

I was looking for Personal loan and came across this platform. I applied online and received multiple loan offers instantly and got a pre-approved offer, and the amount was disbursed within 48 hours.

Kirti MadaanMar 17, 2025

Loan for Home Renovation

Do din pehle maine apne purane ghar ki renovation ke liye Paisabazaar se loan apply kiya. Process kaafi easy aur smooth tha. Aaj subah mujhe message aaya ki mera loan approve ho gaya hai.

Rohit GuptaMar 7, 2025

Personal Loan

Take Personal Loan from Paisabazaar. Approved in 2 days, easy process

Tarun RaghavJan 21, 2025

Took a personal loan

I took a personal loan from Bajaj Finserv via Paisabazaar, and it was easy! Paisabazaar made it smooth and simple. The whole process was quick and hassle-free!

Palvika PanchalJan 6, 2025

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Got a personal loan via Paisabazaar—super easy & quick! Kunal from sales was super helpful, explained everything well. Highly recommend! ?

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Mujhe ekdum urgent medical emergency ke liye paise chahiye the. Paisabazaar se loan liya, aur honestly, sab kuch ekdum smooth tha! Process fast tha, team helpful thi, aur paise bhi jaldi mil gaye

PawanDec 17, 2024

Get personal loan

Paisabazaar se pre-approved personal loan jadi milgya.. Or 48 hours mai paisa account mai agya.. Team is very helpful

Kirti GargDec 15, 2024

Good experience

Good experience with Paisabazaar! Loan approval hua within 48 hours aur rates bhi kaafi reasonable the.

Ashok KumarDec 13, 2024

Personal Loan

Main Travel k liye loan apply kiya tha.. jo jaldi hi approve hogya or account mai agya.

Deepak KumarDec 10, 2024

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Last updated: 5 September, 2025

Reviewed By

Vandana Punj

Written By

Shamik Ghosh

Paisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners

*Applicable for selected customers

40 Lakh Personal Loan

Paisabazaar Exclusive Benefits

Personal Loan EMI Calculator

Your Monthly EMI Payment

Find Best Personal Loan Offers

Quick Links

How Can I Apply for a Personal Loan Online?

Personal Loan Interest Rates for Loan Amount of Rs 40 Lakh

Fees and Charges for Personal Loan of Rs 40 Lakh

Who is Eligible for a Personal Loan of Rs 40 Lakh

Documents Required During Personal Loan Application

EMI Calculation for Personal Loan of Rs 40 Lakh

How to Apply for a Personal Loan of Rs 40 Lakh through Paisabazaar App

Explore Personal Loan Offers for Various Loan Amounts

How Can I Apply for a Personal Loan Online?

FAQs

On what factors does the loan amount offered to the applicants depends?

What is the offered on personal loan of Rs 40 lakh?

How can I calculate the total interest cost of my personal loan?

What is the interest cost of personal loan of Rs 40 lakh offered at 9.99% p.a. and for tenure of 7 years?

What is the total interest cost of personal loan of Rs 40 lakh offered at 9.99% p.a. and for tenure of 5 years?

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