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.
40 Lakh Personal Loan
Wide Choice
Quick Disbursal
SmartMatch
Digital Process
Wide Choice
Quick Disbursal
SmartMatch
Digital Process
4.5/5
15.5L Reviews
51M+Satisfied Customers
65+Lending Partners
800+Cities across India
Apply Personal Loan Online
4.5/5
15.5L Reviews
51M+Satisfied Customers
65+Lending Partners
800+Cities across India
Find Best Personal Loan Offers
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 ₹25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
Kotak Mahindra Bank
Lowest Income requirement100% Digital Process*
Max Loan Amt.Upto ₹25L
Rate of Interest9.98% - 17.2%
Tenure upto1-5 Years
Processing Fee1.1% - 1.5%
Why Choose Paisabazaar?
Compare & Choose the Best Offer
Pre-approved Offers with Instant Disbursals
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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
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:
Documents Required During Personal Loan Application
Below-mentioned are the personal loan documents required during personal loan application.
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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:
Explore Personal Loan Offers for Various Loan Amounts
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
HDFC BANK
Axis Bank
Kotak Mahindra Bank
ICICI Bank
Federal Bank
IDFC First Bank
Indusind Bank
RBL Bank
Tata CapitalAvail Personal Loan for
All Your Needs
FAQs
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What our customers say
Meri shaddi thi
Sadia KhatunJan 15, 2026
Travel ke liye personal loan liya tha
Tarini RoyJan 14, 2026
Easy personal loan available
Ruchika TiwariJan 14, 2026
Medical Emergency thi, loan jaldi mil gya
Raj SinghJan 13, 2026
Compare karke sahi rate mila
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Personal loan fatfat mai mil gaya
Riya MehraJan 5, 2026
Loan from Paisabazaar was actually paperless
Tanmay BorkatakiDec 12, 2025
Best place for a small loan
Aridaman Singh ParhichaDec 11, 2025
My loan got approved immediately
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I get loan from here
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Written By
Vandana Punj
Reviewed By
Shamik GhoshPaisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners
*Applicable for selected customers