No Collateral
You don't have to put anything as collateral. A Personal Loan for Rs 40,000 salary is completely unsecured, which makes it a safe and easy way to borrow money.
Personal Loan for 40,000 Salary
Loan up to ₹5 Lakhs
Minimum Salary Required ₹15K
Instant Approval in 10 Minutes
Calculate Personal Loan EMI
Get an Instant Personal Loan for Rs 40,000 Salary
If your salary is Rs 40,000 a month, Hero FinCorp provides simple and effective Personal Loans without hassle. Our Personal Loans are suitable for making urgent payments for medical emergencies, home repairs, travelling, or other expenses, in accordance with your needs. It is easy to get approved with simple eligibility, minimum documentation, and flexible loan payments. At Hero FinCorp, you can take a Personal Loan on Rs 40,000 salary with easy terms and conditions without having to provide any collateral or documents.
EMI on a Personal Loan for Rs 40,000 Salary for Tenures of 12-36 Months
Find out your EMI on a Personal Loan for 40k salary for tenures between 12-36 months:
| Loan Amount (Rs) | Tenure (Months) | Interest Rate (p.a.) | Monthly EMI (Rs) | Total Interest (Rs) | Total Amount Payable (Rs) |
|---|---|---|---|---|---|
| 1,00,000 | 12 | 19% | 9,216 | 10,588 | 1,10,588 |
| 1,00,000 | 18 | 19% | 6,428 | 15,710 | 1,15,710 |
| 1,00,000 | 24 | 19% | 5,041 | 20,981 | 1,20,981 |
| 1,00,000 | 30 | 19% | 4,213 | 26,378 | 1,26,398 |
| 1,00,000 | 36 | 19% | 3,666 | 31,962 | 1,31,962 |
Features and Benefits of Rs 40k Salary Personal Loan
Here are the key features and benefits of a Personal Loan on Rs 40,000 salary.
Easy to Apply & Document
You can just go online and apply with your basic KYC details, salary slips and bank statements.
Flexible Tenures Over 12 to 36 Months
You can pay back with any tenure you want, from 12 months to 36 months.
Competitive Interest Rate
The loan will be issued at an attractive personal loan Interest rates based on your income, credit profile and type of employment.
Eligibility Criteria for a Personal Loan with Rs 40,000 Salary
Review the personal loan eligibility criteria to check if you qualify with a monthly Rs 40,000 salary.
Citizenship
Your Personal Loan for Rs 40,000 salary will require Indian citizenship with a valid ID and address proof.
Age requirement
Ensure your age is between 21 and 58 at the time of your application.
Work Experience
You should have at least six months of cumulative work experience.
Monthly Income
At Hero FinCorp, you must have stable monthly income of at least Rs 15,000.
How to Apply for a Personal Loan for Rs 40,000 Salary?
It's easy to apply for a personal loan for 40,000 salary through the Hero FinCorp website or the Hero FinCorp Personal Loan app.
Online Process
- 1
Visit the Hero FinCorp website or download the Hero FinCorp personal loan app from the App Store.
- 2
Navigate to the personal loan section and click the ‘apply now’ tab.
- 3
Enter your mobile number and receive an OTP on your registered mobile number for verification.
- 4
Choose the Personal Loan amount and repayment tenure as per your repayment capacity and money requirement.
- 5
You will be required to submit documents for KYC & income verification against the loan amount requested by you to determine eligibility.
- 6
Click on 'Submit', it’s that simple. If you are eligible, your loan will be approved and processed fast after successfully completing the verification process.
Personal Loan for 40,000 Salary for Different Uses
A Personal Loan provides the flexibility to spend money as needed, helping you meet immediate and specially planned expenses.
Medical Emergencies
A personal loan for medical emergencies provides access to cash for immediate emergencies, such as urgent medical treatment, surgeries, or hospital bills.
Home Renovation
A personal loan for home renovation enables you to finance your home renovations easily without breaking the bank.
Education Costs
You can use the loan for education to pay tuition fees, exam fees, books, or study material for yourself or a family member.
Wedding Costs
You can pay for the wedding venue, catering, jewellery and other costs without worrying about the financial pressure.
Travel & Vacation
You can use a personal loan for travel to cover the costs of flights, accommodation and other travel costs.
Emergency Fund
A personal loan acts as a buffer for an unexpected financial setback, job loss, urgent repairs, or anything you need it for!
What Our Clients Say About Us
https://www.herofincorp.com/blog/category/personal-loan
Personal Loan
Medical Emergencies Don’t Wait: Why an Instant Personal Loan Is a Smart Backup09 Sep, 2025
Frequently Asked Questions (FAQs)
You can typically avail loan up to Rs 5 Lakh depending on credit score, employer, DTI ratio and repayment capacity.
The EMI amount will vary based on the loan amount and loan tenure. For example, the EMI for Rs 1 Lakh loan for 36 months will be Rs 9,200 at a 19% Personal Loan rate of interest.
Yes, some lenders will accept that. However, the lender may restrict your loan amount, interest rate and approval chances based on your credit score when applying for a Personal Loan on Rs 40,000 gross salary.
If you are eligible, you may receive approval within 10 minutes from Hero FinCorp when you apply on the Hero FinCorp website/app.
Hero FinCorp provides you with the flexibility to choose a tenure ranging from 12 to 36 months, allowing you to select the tenure that best suits your budget.
Yes, with a stable income, valid documents, and a decent credit score, it’s quite easy to secure a Personal Loan for 40,000 salary.