Are you looking for a ₹40 lakh personal loan? Bikesh Finserv offers low interest rates with up to 100% cashback on processing fees, helping you make the most of the loan amount according to your needs and preferences.
Loan amount
₹40,00,000
Starting rate
9.99% p.a.
Disbursal
Within 24 hours
Get ₹40,00,000 Loan at 9.99%* p.a.
Compare offers from 30+ banks and NBFCs
Fully digital process — start to finish online
Disbursal within 24 hours
Your EMI will be
₹85,976
Total Interest Payable
₹11,58,536
Total Amount Payable
₹51,58,536
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Rates, fees, and disbursal timelines are indicative and may vary by lender, profile, and loan amount. *Terms & conditions apply.
| Feature | Details |
|---|---|
| Loan Amount | Rs. 4,000,000 |
| Interest Rate | 9.99% – 44% p.a.* |
| Repayment Tenure | 12 – 84 months |
| Processing Fee | 0.5% – 4% of loan amount* |
| Disbursal Time | Within 24 hours |
| CIBIL Score Required | 750+ (for best rates) |
| Collateral Required | None |
| Minimum Salary | Rs. 120,000-150,000 per month* |
| Prepayment Charges | 0% – 5% |
| Bank/NBFC | Interest Rates (% p.a.) | Processing Fees |
|---|---|---|
| Aditya Birla Capital | 10.99 onwards | Up to 4% |
| Axis Bank | 10.49 onwards* | Up to 2% |
| Bank of Baroda | 10.15 – 18.00 | Up to 2% (Max. Rs. 10,000) |
| Bajaj Finance Limited | 11.00 – 35.00 | Up to 3.93% |
| HDFC Bank | 10.50 onwards | Up to Rs. 4,999 |
| ICICI Bank | 10.65 onwards | Up to 2% |
| Kotak Mahindra Bank | 10.99 onwards | Up to 2.5% |
| IDFC First Bank | 11.00 onwards | Up to 2% |
| IndusInd Bank | 11.25 onwards | Up to 2% |
| Yes Bank | 11.75 onwards | Up to 2.5% |
| Tata Capital | 11.50 onwards | Up to 3% |
| L&T Finance | 12.00 onwards | Up to 3% |
| Poonawalla Fincorp | 12.50 onwards | Up to 3.5% |
| Piramal Finance | 12.99 onwards | Up to 3% |
| InCred Finance | 13.00 onwards | Up to 4% |
| SMFG India Credit | 12.75 onwards | Up to 3% |
| Finnable | 13.50 onwards | Up to 4% |
*Bikesh Finserv special rates
Note: Rates as of 6th June 2026
Explore personal loans by amount
Explore personal loans by amount
You can use a ₹40 lakh personal loan for various purposes. Since it is a substantial amount, you have the flexibility to use it according to your needs.
Since a 40 lakh personal loan without collateral is unsecured and usage is unrestricted, you have the freedom to allocate funds across multiple needs simultaneously, something a purpose-specific loan (like a home loan or education loan) does not permit.
Your EMI depends on the interest rate and loan tenure you choose. Use Bikesh Finserv's EMI calculator to calculate your EMI tenure.
| Loan Amount (Rs.) | Interest Rate (p.a.) | Tenure | EMI (Rs.) | Interest Cost (Rs.) |
|---|---|---|---|---|
| 40 lakh | 9.99% | 5 years | 84,968 | 1,098,110 |
| 40 lakh | 12% | 5 years | 88,978 | 1,338,667 |
| 40 lakh | 15% | 5 years | 95,160 | 1,709,583 |
| 40 lakh | 18% | 5 years | 101,574 | 2,094,423 |
Quick Tip: Use the 40 lakh personal loan EMI calculator to find the right balance for your income and financial goals.
Are you eligible for a ₹40 lakh personal loan? Check your eligibility below
Here's a quick comparison:
| Aspect | Salaried | Self-employed |
|---|---|---|
| Credit Risk | Low | Relatively higher |
| Availability | Easy for stable-income individuals | Challenging for variable-income individuals |
| Interest Rates | Lower rates | Slightly higher rates |
| Pre-Approved Offers | Commonly available | May not be available |
| Lender Coverage | All banks & NBFCs | Fewer lenders (higher ticket size narrows options further) |
| Minimum Income Proof | 3 months' salary slips | 2–3 years' ITR + bank statements |
Tip: Whether you are salaried or self-employed, Bikesh Finserv helps you find the right lender who matches your financial profile.
Here are the practical steps to improve your Eligibility criteria for 40 lakh personal loan:
The Overall documents required for a 40 lakh personal loan are below:
The 40 lakh loan interest rate typically starts from 9.99% p.a. Interest rates in India vary across banks and NBFCs. Your 40 lakh personal loan interest rate is determined by a combination of the following factors:
Quick tip: The best way to find your actual rate is to check ongoing offers through Bikesh Finserv, and doing so does not affect your credit score.
Yes, it is possible to avail a personal loan of Rs. 40 lakh with a low CIBIL score. Applicants having a credit score below 750 can also get their personal loans approved through Bikesh Finserv. However, these applicants with a lower credit score are usually considered credit risky by lenders and may not get the best offers.
Most top private and public sector banks usually reject the loan applications of individuals with a low credit score. However, many NBFCs and fintech lenders are open to offering personal loans to individuals with a low credit score — though the interest rates offered are typically higher.
Got questions?
The selected tenure and interest rate determine the EMI. The EMI is roughly Rs. 84,968 at 9.99% p.a. for five years. It is roughly Rs. 88,978 at 12% for the same tenure.
For salaried applicants, most lenders demand a higher minimum monthly income of Rs. 130,000 - 150,000, given the larger repayment obligation. ITRs and bank statements from the previous two to three years may be required for self-employed borrowers to prove steady income. (Confirm exact figure with lender partners.)
There are typically no prepayment fees associated with floating-rate loans. At the time of foreclosure, fixed-rate loans may impose fees ranging from 2% to 5% on the remaining principal.
Funds can be credited to pre-approved clients in less than a day. Following final approval and document verification, standard applications usually take one to three working days; larger loan amounts may occasionally involve additional verification steps.
Depending on the lender, credit score, income, and employer category, rates normally vary from 9.99% to 44% annually. The best rates are typically available to applicants with CIBIL scores of 750 or higher.
Compare offers, check eligibility, and get funds for your Rs. 40 lakh personal loan.
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