Get instant personal loan of ₹40,000 with Navi
About ₹40,000 Personal Loan
Need a personal loan of ₹40,000? At your time of need, you can rely on Navi. Get a 100% paperless instant personal loan of ₹40,000 directly disbursed to your account.
All you have to do is download the Navi app from Google Play Store or App Store and apply. No heavy paperwork. No long queue. Getting a loan from Navi is straightforward and the entire process is online. From applying and approval to disbursal, you will get the amount in just a few minutes. Also, you will enjoy attractive interest rates and flexible EMI options by choosing Navi Online Personal Loans.
Features and Benefits of ₹40,000 Personal Loan
Features and Benefits of ₹40,000 Personal Loan
How to Apply for a ₹40,000 Personal Loan?
How to Apply for a ₹40,000 Personal Loan?
Eligibility Criteria and Documents Required
Indian Resident 18-65 years of age
PAN Card Holder
Salaried or Self-Employed
Aadhaar Card Holder
₹40,000 Personal Loan Interest Rates in India
| Interest Rate | 9.90% p.a. onwards |
| Processing Fee | Up to ₹7,500 |
| Loan Amount | Up to ₹20 lakh |
| Loan Prepayment Fee | Nil |
| Loan Tenure | From 3 to 72 months |
How to Calculate EMI on ₹40,000 Loan?
You can calculate your EMI amount manually or by using the Instant personal loan EMI calculator. The formula for manually calculating personal loan EMI is:
EMI = P × r × (1 + r)n/((1 + r)n – 1) where P= Loan amount, r= interest rate, n=tenure in number of months.
However, calculating the EMI manually can be tedious and complicated. Navi offers a personal loan EMI calculator for easy calculation of the EMI amount. All you need to do is select the loan amount, rate of interest and tenure to view the EMI amount. Knowing the estimated EMI obligation will help you plan your finances better.
Personal Loan Calculator
Loan Amount
Rate of Interest (P.a)
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Loan Tenure (Months)
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Monthly EMI
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Total Interest
Total Amount
Why Choose Navi for your ₹40,000 Personal Loan?
Instant disbursal
If you need instant cash to cross any financial hurdle, choose Navi. It hardly takes a few minutes to apply and get the loan disbursed to your account if you are eligible.
Repay at your convenience
We give you the flexibility to repay your loan in easy EMIs at your convenience. Choose loan tenure as per your wish.
No paperwork
100% app-based paperless process. You can apply for a loan from anywhere, anytime.
Various Use Cases of Personal Loan
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Blogs
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Frequently asked questions
Mentioned below are some of the factors that you should consider before taking a ₹40,000 personal loan:
- Credit Score: Your credit score determines your creditworthiness. If your credit score is good, you can get quick loan approvals at attractive interest rates. On the other hand, a poor credit score might lead to loan rejection.
- Loan EMI: Calculating the loan EMI in advance will help you understand your monthly financial obligations.
- Repayment capacity: Before taking a loan, think about whether you will be able to repay the loan. Missing EMIs might hurt your creditworthiness.
The factors that affect getting a personal loan are:
- Income
- Credit score
- Loan Repayment history
- Banking relationship