Get instant personal loan of ₹40,000 with Navi

Enjoy attractive interest rates starting at 9.9% p.a. with flexible EMI options

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

Get instant approval and loan disbursal. Just download the Navi app and apply
Navi offers personal loans of up to ₹20 lakh. Apply for any loan amount of your choice to meet any financial needs.
Enjoy attractive Navi Personal Loan interest rates starting from 9.9% p.a.
With Navi, you can enjoy flexible EMI options and a loan tenure between 3 to 72 months. Repay the loan as per your convenience
Navi lets you repay your loan before time without charging a pre-closure fee.
You can use the loan amount to address any financial requirement. Navi does not ask questions

How to Apply for a ₹40,000 Personal Loan?

Follow the steps below to apply for an instant ₹40,000 personal loan:
Download the Navi app from Google Play Store or App Store
Enter a few details like name, address and PAN number to check your eligibility
Select the amount of loan and tenure
Our representative will call you. Provide your PAN or Aadhaar (optional) details to complete your KYC verification
Provide your bank details and set up the auto-pay option. Get the loan amount disbursed to your bank account

How to Apply for a ₹40,000 Personal Loan?

How To Apply

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

With Navi, get instant personal loans at attractive interest rates starting from 9.90% p.a. However, the final interest rate is decided depending on your eligibility.
Interest Rate9.90% p.a. onwards
Processing FeeUp to ₹7,500
Loan AmountUp to ₹20 lakh
Loan Prepayment FeeNil
Loan TenureFrom 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)


Loan Tenure (Months)


Monthly EMI


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.

Trusted by Millions of Users

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June 14

Benefits Of A Personal Loan, How To Apply Online And Things To Consider Before Getting A Personal Loan

Personal loans are unsecured loans that do not require collateral.

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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 higher you earn, the lower the risk on the lender to give the loan and vice versa. A higher income gives the lender the guarantee that you will be able to repay the EMI each month.

The factors that affect getting a personal loan are:

  • Income
  • Credit score
  • Loan Repayment history
  • Banking relationship
Ideally, a credit score of 750 and above is considered a good or healthy credit score to apply for loans.
The charges associated with a personal loan may include late payment fees, processing fees, GST, prepayment charges, etc. However, Navi does not charge any fees for repaying your loans before time.
Yes, you can get an instant ₹40,000 personal loan with minimal documents through the Navi app. Only your PAN card details are required.
You can repay your personal loan in EMIs. Just link your bank account with the Navi app. The EMI will get automatically deducted from your bank account on the due date.

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