EMI for a ₹40,000 loan
| Tenure | 16% a year | 24% a year | 36% a year |
|---|---|---|---|
| 12 months | ₹3,629 | ₹3,782 | ₹4,018 |
| 18 months | ₹2,514 | ₹2,668 | ₹2,908 |
| 24 months | ₹1,959 | ₹2,115 | ₹2,362 |
Illustrative only. Your lender sets the actual rate and fees — check the APR in the Key Fact Statement (KFS) they must give you before you sign. Small, short loans often cost more than these figures.
What people use a ₹40,000 loan for
- A two-wheeler down payment
- Dental or eye treatment
- Furniture for a new home
- A semester’s fees
Who can get a ₹40,000 loan
- Indian citizen, usually aged 21 to 58
- A regular monthly income — salaried or self-employed
- A PAN card in your own name
- Each lender has its own minimum income and CIBIL score; Finriseo shows only the lenders whose criteria match your profile
Documents you need
- PAN card
- Aadhaar card (for KYC)
- A bank account in your name
- A recent bank statement or salary slip, if the lender asks
How to apply for a ₹40,000 loan on Finriseo
- Enter your mobile number and verify it with an OTP
- Choose ₹40,000 as the amount and add your income and PAN
- Compare the offers you match
- Apply to the lender you choose — they complete KYC and pay directly into your bank account
Before you borrow
- Borrow only from an RBI-registered bank or NBFC
- Never pay an upfront fee to “get” a loan approved
- Check the total cost (APR) and all fees in the KFS
- Pay EMIs on time — late payments lower your CIBIL score